Your starting point for ASRS readiness: Readiness snapshot, live benchmarking, gap aligned 90‑day roadmap. Learn more
We help you understand and meet Australia’s new Sustainability Reporting Standards without the confusion. Clear guidance, practical support, and no unnecessary complexity.
Joseph Longo, Chair of ASIC, says the shift to mandatory climate-related disclosure presents the biggest change to corporate reporting in a generation. He's right, which means getting started early is critical. This transition moves your sustainability story from a voluntary brochure into a core financial package. At Acumentis, we help you navigate these new rules to protect your assets and your reputation.
ASRS introduces mandatory climate related financial disclosures in Australia, prepared for the same reporting entity as the financial statements. It is supported by two standards: AASB S1, which provides voluntary general requirements for sustainability related financial disclosures, and AASB S2, which sets mandatory climate related disclosure requirements covering governance, strategy, risk management, and metrics and targets, including climate related risks and opportunities such as physical and transition risks.
The intent is to improve consistency and decision usefulness of climate disclosures for users of general purpose financial reports, with assurance expected to be phased in over time.
You might not have to report yet, but you're probably part of someone else's Scope 3 data. Large firms must report on their entire supply chain. If you sell to them, they'll need your numbers to meet their own legal goals. Starting now gives you a massive head start over your rivals.
The government is phasing these requirements based on your business size and financial triggers. You need to know which group you fall into to plan your climate compliance path.
Even if you're below these marks, your lenders, customers, and suppliers will soon expect this data. Preparing your sustainability reporting now keeps your business attractive to banks, investors and customers.
ASRS requires you to report across four key areas to show how you manage climate risks.
Sustainability reports now sit alongside your financial reports in the annual report. This change brings new legal weight. Directors must provide a signed declaration that the report complies with the law. This puts climate risk on the same level as financial solvency.
The government has provided a three-year modified liability period for complex areas like Scope 3 data. This gives you time to build your data skills without immediate fear of legal action for unintentional errors. We help you use this window to build a robust and defensible reporting process.
ASRS climate reporting is more than a legal hurdle. It’s a way to turn climate compliance into a business asset. When you embed these metrics into your strategy, you unlock new commercial value.
We act as your technical partner to simplify ASRS climate reporting. Here’s how our team reduces your internal workload while ensuring your data is ready for scrutiny.
We assess your current data against AASB S1 and S2 requirements. We find the gaps and create a roadmap to ensure you're ready well before your specific deadline.
Acumentis helps you digitise and structure the climate data required for ASRS reporting, creating a streamlined, efficient process that maintains accuracy, integrity, and audit‑ready confidence from the start.
Measuring emissions is the backbone of your report. We help you quantify Scope 1 and Scope 2 emissions. We also help you navigate the complex Scope 3 value chain to ensure your data is accurate and audit-ready.
We help you build integrated transition plans that show how your business will reach Net Zero while staying profitable. We use scenario modelling to test how your assets perform in different versions of the future.
We collaborate with auditors from the start, clarify requirements and risks, ensuring a compliant report through shared expectations.
As the rules mature, your reports will face external audits. We ensure your data collection is robust enough to pass rigorous scrutiny. This builds trust with your lenders and simplifies your path to capital.
Don't wait for the ASRS deadline to catch you out. You have a window of time right now to get your data ready while legal protections are still in place. We'll help you turn these new rules into a clear plan that protects your directors and keeps your lenders happy. Contact us to book a free consultation and turn your climate compliance into a competitive edge.
Typical indicative Year 1 costs for most organisations range between $80,000 and $250,000. This depends on your company size and how much data you've already collected. Most organisations find the first year is the biggest investment as we set up your new systems. Ongoing years are usually cheaper. You might need an extra $20,000 to $50,000 if your records aren't digitised yet. Every business has different needs. Contact us for a custom no-obligation quote to understand your specific requirements.
You should plan for an indicative project timeline of at least 6 months for your first reporting cycle. This timeframe allows us to establish the plan and build your internal skills while we collect facts across your firm and prepare reporting. The first year is usually the slowest because you're building baselines from scratch. Every client starts at a different stage of readiness. This means your specific timing will vary based on your data state. We suggest starting your readiness and gap analysis at least six months before your legal deadline. Contact us for a customised no-obligation quote to see how this timeline fits your business.
AASB S1 is about general sustainability risks that could affect your cash flows. AASB S2 is the mandatory standard specifically for climate-related risks. Both are needed to give a complete picture of your financial health.
It's a three-year window where certain legal protections apply to difficult areas like Scope 3 reporting. It's meant to let you build your data capabilities without the fear of litigation over minor mistakes.
If you're a supplier to a Group 1 company, they'll need your data for their Scope 3 emissions reporting. Being ready with this data makes you a preferred partner for large contracts.
Directors are now personally responsible for the accuracy of these reports. Acumentis Academy provides the training your board needs to understand their legal and ethical obligations.
Yes. Proving you've identified and mitigated climate risks makes you a lower-risk bet for banks. Many lenders offer better rates for businesses that can prove their sustainability reporting is audit-ready.
ASRS applies to your entire entity. While we look at physical risks to your property assets, we also evaluate transition risks like carbon pricing that affect your whole operations.
ESG isn’t one-size-fits-all.
Our solutions are practical, tailored, and designed to meet you where you are. Each service follows a structured approach so you know exactly what to expect and what comes next.
Acumentis acknowledges the Traditional Custodians of the lands where we live, learn and work and their connections to land, sea and community throughout Australia.
We pay our respect to their Elders past, present and emerging and extend that respect to all Aboriginal and Torres Strait Islander people we work with and walk beside today.
