With Group 1 entities already reporting under the Australian Sustainability Reporting Standards (ASRS 1 and ASRS 2), mid-size entities in Group 2 — those meeting two of three thresholds: AU$200m+ revenue, AU$500m+ gross assets, or 250+ employees — face mandatory climate-related financial disclosures from financial years beginning on or after 1 July 2026. That sounds […]
Read More →Australia is unique globally in having two regulators actively enforcing greenwashing: the Australian Securities and Investments Commission (ASIC) and the Australian Competition and Consumer Commission (ACCC). With ASRS mandatory disclosures now live, the intersection of disclosure obligations and greenwashing enforcement creates a new risk landscape for Australian entities. ASIC: Financial Sector Focus ASIC has taken […]
Read More →Scope 3 emissions — those occurring across an entity’s value chain — are typically the largest component of a mining company’s carbon footprint. For iron ore producers, the downstream processing (steelmaking) can represent 95%+ of total emissions. ASRS 2 requires Scope 3 disclosure, with transitional relief and modified liability safe harbour provisions. Here is a […]
Read More →Australia’s $3.5 trillion superannuation sector is one of the largest pools of institutional capital globally. With the largest super funds classified as Group 1 ASRS entities, and APRA CPG 229 setting prudential expectations for climate risk management, the dual compliance burden is significant. ASRS + CPG 229: Two Frameworks, One Programme ASRS 1 and ASRS […]
Read More →New Zealand was the first country in the world to mandate climate-related disclosures through legislation. With the first reporting cycle complete and the second underway, what lessons can we draw from Year 1 — and what should entities focus on for Year 2? Year 1 in Review The NZ CS 1-3 standards, issued by the […]
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