HOW TO GET READY FOR ASRS - AUSTRALIA

WHERE DO I BEGIN?

KNOW WHAT IT IS AND WHY IT MATTERS.

As global momentum grows for bolder climate action, organisations face increasing pressure to decarbonise and adopt more sustainable practices. New laws will mandate that Australian corporations lodge climate-related financial disclosures with the Australian Securities & Investment Commission (ASIC) to improve transparency of climate-related planning and identification of risks and opportunities. The new reporting requirements, known as the Australian Sustainability Reporting Standards (ASRS), are based on the International Financial Reporting Standards (IFRS) with localised modifications. ASRS provides a framework for reporting under four pillars:

Governance

Strategy

Risk Management

Metrics and Targets

This guide is designed to help real estate owners, occupiers and investors understand their incoming reporting obligations. Importantly, it outlines steps to developing data management, reporting capabilities and internal processes that will be integral to compliance.