Document ID: chunk:federal_register_of_legislation:F2024L01472:body:0:p2
Version: federal_register_of_legislation:F2024L01472
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Character Range: 3330–6678

4.                         Except as otherwise expressly permitted in this notice, Users shall not, without prior written permission of the Australian Accounting Standards Board and the Foundation, have the right to license, sublicense, transmit, transfer, sell, rent, or otherwise distribute any portion of Australian Sustainability Reporting Standards to third parties in any form or by any means, whether electronic, mechanical or otherwise either currently known or yet to be invented.

      5.                         Users are not permitted to modify or make alterations, additions or amendments to or create any derivative works from Australian Sustainability Reporting Standards.

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Contents

Preface
Comparison with IFRS S2
AUSTRALIAN Sustainability Reporting Standard
AASB S2 Climate-related Disclosures

from paragraph
Objective 1
Scope 3
core content 5
Governance 5
Strategy 8
Risk management 24
Metrics and targets 27
commencement of the legislative instrument Aus37.2
Appendices
A  Defined terms
B  Application guidance
C  Effective date and transition
D  General requirements for disclosure of climate-related financial information
DELETED IFRS S2 TEXT
BASIS FOR CONCLUSIONS and dissenting view

available on the AASB STANDARDS PORTAL
Accompanying Guidance on IFRS S2
Basis for Conclusions on IFRS S2

Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures is set out in paragraphs 1–Aus37.2 and Appendices A–D.  All the paragraphs have equal authority.  Paragraphs in bold type state the main principles.  Terms defined in Appendix A are in italics the first time they appear in the Standard.

Preface

Introduction
The Australian Accounting Standards Board (AASB) develops, issues and maintains Australian Sustainability Reporting Standards.  The AASB is an Australian Government entity under the Australian Securities and Investments Commission Act 2001.

Main features of this Standard

Main requirements
AASB S2 Climate-related Disclosures sets out disclosure requirements for an entity to provide useful information to primary users of its general purpose financial report about climate-related risks and opportunities that could reasonably be expected to affect the entity's cash flows, access to finance or cost of capital over the short, medium or long term.
The main climate-related financial disclosure requirements relate to governance, strategy, risk management, and metrics and targets, including information about scenario analysis and Scope 1, Scope 2 and Scope 3 greenhouse gas emissions.
The Standard also includes general requirements for the disclosure of climate-related financial information (see Appendix D). The general requirements include the conceptual foundations for reporting such information, the location of disclosures, the timing of reporting and disclosures relating to judgements, uncertainties and errors.
An entity applying AASB S2 is not required to apply AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information, which is a voluntary Standard addressing sustainability-related financial disclosures in general. Appendix D of this Standard