Compiled standard aligned · December 2025

AASB S2 Required Disclosures — Group 2 and Group 3 Reference

This reference summarises the disclosure requirements in AASB S2 Climate-related Disclosures using corrected paragraph mapping aligned to the compiled standard incorporating amendments up to and including 15 December 2025.

It is designed to help Australian users quickly locate the relevant disclosure requirement across governance, strategy, risk management, and metrics and targets, while keeping AASB S2 content separate from Corporations Act phase-in settings.

Group 2 mandatory reporting starts 1 July 2026.

Emissions data collection for FY2026–27 should begin before the period opens. Less than a month away.

Book a scoping call →
Primary source

Compiled AASB S2 Climate-related Disclosures, prepared 18 December 2025.

What is corrected

Paragraph mapping, metrics and targets references, and December 2025 Scope 3 / financed emissions treatment.

Use note

This page is a practical reference only and should not replace the standard, the Corporations Act 2001, ASIC guidance, or professional advice.

What AASB S2 covers

AASB S2 requires climate-related financial disclosures across four core areas: governance, strategy, risk management, and metrics and targets.

The core content starts at paragraph 5, with governance at paragraphs 5–7, strategy at 8–22, risk management at 24–26, and metrics and targets at 27–36 plus Aus37.1.

What changed in December 2025

The December 2025 amendments added paragraphs 29A–29C, which clarify how Scope 3 Category 15 greenhouse gas emissions may be limited to financed emissions and what extra disclosures are required if that limitation is used.

Those amendments also matter for any page explaining Scope 3 disclosures, financed emissions, and measurement approach wording.

Use notes for Group 2 and Group 3

This page reflects the content of AASB S2 itself. Application dates for Group 1, Group 2 and Group 3 entities come from the Australian legislative framework, not from the paragraph numbering of AASB S2.

Important: avoid labelling a paragraph as a “Group 2 Year 1 relief” unless the relief is separately and precisely sourced to the Corporations Act 2001, ASIC guidance, or another authoritative Australian instrument.

Paragraph map

The table below provides crawlable, static content for search engines and answer engines across the full AASB S2 paragraph structure.

Paragraph Area Requirement summary Notes
6(a) Governance Identify the governance body or individual responsible for oversight of climate-related risks and opportunities and explain mandates, competencies, information flows, oversight of strategy, and oversight of targets. Core governance oversight disclosure.
6(b) Governance Describe management’s role in the governance processes, controls and procedures used to monitor, manage and oversee climate-related risks and opportunities. Management governance role.
7 Governance Avoid unnecessary duplication when disclosures are integrated. Not a separate substantive obligation set like 6(a) and 6(b).
10 Strategy Describe climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects, including whether a risk is physical or transition-related and the time horizons involved. Also explain how short, medium and long term are defined.
13 Strategy Describe current and anticipated effects on the business model and value chain, including where risks and opportunities are concentrated. Not the financial effects paragraph.
14 Strategy Describe effects on strategy and decision-making, including transition plans, resourcing, mitigation and adaptation actions, target achievement plans and progress on prior plans. Not anticipated financial effects.
15–21 Strategy Describe current and anticipated effects on financial position, financial performance and cash flows, including when qualitative information may replace omitted quantitative information. This is the correct financial effects block.
22 Strategy Disclose climate resilience using climate-related scenario analysis that is commensurate with the entity’s circumstances. Includes scenarios used, assumptions, uncertainty and implications.
25(a) Risk management Describe processes and related policies used to identify, assess, prioritise and monitor climate-related risks. Includes inputs, parameters, scenario analysis, prioritisation and monitoring.
25(b) Risk management Describe processes used to identify, assess, prioritise and monitor climate-related opportunities. Includes whether and how scenario analysis is used.
25(c) Risk management Explain the extent to which, and how, the climate-related processes are integrated into and inform the overall risk management process. Integration disclosure belongs here.
26 Risk management Avoid unnecessary duplication where integrated risk management disclosures are used. Duplication rule, not the core risk management paragraph.
29(a) Metrics and targets Disclose absolute gross Scope 1, Scope 2 and Scope 3 greenhouse gas emissions, plus measurement approach and required disaggregation. Includes location-based Scope 2 and Scope 3 category information.
29(b) Metrics and targets Disclose amount and percentage of assets or business activities vulnerable to climate-related transition risks. Transition risk metric category.
29(c) Metrics and targets Disclose amount and percentage of assets or business activities vulnerable to climate-related physical risks. Physical risk metric category.
29(d) Metrics and targets Disclose amount and percentage of assets or business activities aligned with climate-related opportunities. Opportunity metric category.
29(e)

Helping regional Queensland SMEs and agribusinesses measure and manage their carbon footprint with practical, affordable support.

Aethiro acknowledges the Bailai, Gurang, Gooreng Gooreng, and Taribelang Bunda peoples as the Traditional Custodians of the Gladstone region. We pay our deepest respects to their Elders past, present, and emerging.

© 2026 Aethiro Pty Ltd. ABN 69 683 331 919. Gladstone, Queensland, Australia. Privacy Policy Tender-Ready Carbon Snapshot™ and CarbonReady™ are proprietary services of Aethiro.