HOW TO GET READY FOR ASRS - AUSTRALIA

STEP 5 PLAN FOR CONTINUOUS IMPROVEMENT

Despite the less stringent requirement and the penalty-relief period offered by ASIC in the early stages, it makes sense to plan for a more demanding endpoint from the outset. This is where you can leverage data collection and analysis tools and technologies that, once in place, can automate and consolidate information into a single repository, simplifying and speeding up the reporting process. Aligning efforts to higher ambitions from the start sets your organisation on the path to continuous improvement while smoothing the transition into an increasingly complex reporting environment. Remember, the regulation is designed not just to force organisations to report data but to drive transparency and influence behaviour across the economy. So, getting a handle on your data is important, but analysing and making demonstrable steps towards decarbonisation and better risk management can enhance market positioning.