Document ID: chunk:federal_register_of_legislation:F2024L01472:body:0:p40
Version: federal_register_of_legislation:F2024L01472
Segment Type: other
Provision Reference: 
Character Range: 113265–116275

time horizons can vary between entities and depend on many factors, including industry-specific characteristics, such as cash flow, investment and business cycles, the planning horizons typically used in an entity's industry for strategic decision-making and capital allocation plans, and the time horizons over which users of general purpose financial reports conduct their assessments of entities in that industry.
32–
44 [Not included]

Metrics and targets
45–
48 [Not included]
49 If an entity discloses a metric taken from a source other than Australian Sustainability Reporting Standards, the entity shall identify the source and the metric taken.
50 If a metric has been developed by an entity, the entity shall disclose information about:
(a) how the metric is defined, including whether it is derived by adjusting a metric taken from a source other than Australian Sustainability Reporting Standards and, if so, which source and how the metric disclosed by the entity differs from the metric specified in that source;
(b) whether the metric is an absolute measure, a measure expressed in relation to another metric or a qualitative measure (such as a red, amber, green—or RAG—status);
(c) whether the metric is validated by a third party and, if so, which party; and
(d) the method used to calculate the metric and the inputs to the calculation, including the limitations of the method used and the significant assumptions made.
51 [Not included]
52 The definition and calculation of metrics, including metrics used to set the entity's targets and monitor progress towards reaching them, shall be consistent over time. If a metric is redefined or replaced, an entity shall apply paragraph B52.
53 An entity shall label and define metrics and targets using meaningful, clear and precise names and descriptions.

General requirements
54–
59 [Not included]

Location of disclosures
60 An entity is required to provide disclosures required by Australian Sustainability Reporting Standards as part of its general purpose financial reports.
61 [Not included]
62 An entity may disclose information required by an Australian Sustainability Reporting Standard in the same location as information disclosed to meet other requirements, such as information required by regulators. The entity shall ensure that the climate-related financial disclosures are clearly identifiable and not obscured by that additional information (see paragraph B27).
63 Information required by an Australian Sustainability Reporting Standard may be included in climate-related financial disclosures by cross-reference to another report published by the entity. If an entity includes information by cross-reference, the entity shall apply the requirements in paragraphs B45–B47.

Timing of reporting
64 An entity shall report its climate-related financial disclosures at the same time as its related financial statements. The entity's climate-related financial disclosures shall cover the same reporting period as the related financial