Document ID: chunk:federal_register_of_legislation:F2024L01472:body:0:p37
Version: federal_register_of_legislation:F2024L01472
Segment Type: other
Provision Reference: 
Character Range: 104620–107487

the first annual reporting period in which an entity applies this Standard, the entity is permitted to use one or both of these reliefs:
(a) if, in the annual reporting period immediately preceding the date of initial application of this Standard, the entity used a method for measuring its greenhouse gas emissions other than the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004), the entity is permitted to continue using that other method; and
(b) an entity is not required to disclose its Scope 3 greenhouse gas emissions (see paragraph 29(a)) which includes, if the entity participates in asset management, commercial banking or insurance activities, the additional information about its financed emissions (see paragraph 29(a)(vi)(2) and paragraphs B58–AusB63.1).
C5 If an entity uses the relief in paragraph C4(a) or paragraph C4(b), the entity is permitted to continue to use that relief for the purposes of presenting that information as comparative information in subsequent reporting periods.

Appendix D
General requirements for disclosure of climate-related financial information
This appendix is an integral part of AASB S2 and has the same authority as the other parts of the Standard.
This appendix prescribes how an entity prepares and reports its climate-related financial disclosures. It sets out general requirements for the presentation of those disclosures, guidelines for their structure and requirements for their content.
The appendix contains paragraphs drawn from the voluntary Standard AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information (September 2024). However, the requirements in this appendix apply only to climate-related financial information, and not to the broader sustainability-related financial information covered by AASB S1.
Entities are required to comply with all of the requirements in this appendix, as well as the other requirements of AASB S2, in order for an entity to be able to make an explicit and unreserved statement of compliance with AASB S2.
An entity applying AASB S2 is not required to apply AASB S1. Rather, an entity applying AASB S2 is required to comply only with AASB S2, including this appendix. The entity does not need to consider AASB S1 or the paragraphs of AASB S1 that are not included in this appendix. However, the entity may refer to AASB S1 for guidance in complying with the requirements in this appendix.
Applying both mandatory AASB S2 and voluntary AASB S1
To assist entities that elect to apply AASB S1 as well as AASB S2:
      * the paragraph numbering in this appendix uses the numbering of AASB S1, including paragraphs from its Appendices B and D;
      * paragraphs of AASB S1 that are not included in this appendix are noted; and
      * the AASB clarified that the requirements set out in paragraphs 7 and 26