Who it applies to
Large entities lodging under Chapter 2M, phased by size thresholds (Groups 1–3).
Key instruments
- 01AASB S2 climate disclosures — governance, strategy, risk, metrics
- 02Scope 1 & 2 emissions from year one; Scope 3 from year two
- 03Climate resilience scenario analysis — 1.5°C and 2.5°C+
- 04Directors' declaration and phased assurance
Compliance calendar
- Group 1 (> $500m revenue) — FY from 1 Jan 2025
- Group 2 — FY from 1 Jul 2026
- Group 3 — FY from 1 Jul 2027
Penalty framework
Modified liability for 3 years on forward-looking statements; ASIC enforcement thereafter.
Need the full control catalogue?
Templates, applicability matrices and board-paper skeletons for AASB / Treasury.