AASB S1 & S2
Sustainability and Climate Disclosures.
The Australian implementation of the IFRS sustainability and climate disclosure standards. S1 covers general sustainability-related financial disclosures; S2 is climate-specific. Mandatory phased rollout from FY2025–26 for Group 1 entities.
AASB S2 disclosures are subject to assurance, auditors will test them the same way they test financial statements. Greenwashing or inadequate disclosure is now a discoverable, auditable, board-attestable risk that surfaces in your annual report.
What AASB S1 & S2 requires.
How BackPro handles each obligation.
Governance disclosures
Disclose the governance processes, controls, and procedures used to monitor and manage sustainability-related risks and opportunities. Identify the board or committee responsible for oversight.
Strategy disclosures
Disclose how sustainability-related risks and opportunities affect strategy, business model, value chain, and financial performance over the short, medium, and long term.
Risk management integration
Disclose the processes used to identify, assess, and manage sustainability-related risks and opportunities. Integration with broader enterprise risk management must be explained, not asserted.
Climate-related risks & opportunities
Identify and disclose physical and transition climate risks, and climate-related opportunities, with their actual and potential effects on the firm. Materiality is the test.
Greenhouse gas emissions (Scope 1, 2, 3)
Disclose Scope 1, Scope 2 (using both location-based and market-based methods), and Scope 3 GHG emissions. Methodology, inputs, and assumptions must be explained.
Climate metrics & targets
Disclose climate-related metrics and targets used to manage and monitor performance, including progress against any transition plan.
What BackPro produces for AASB S1 & S2.
The artifacts your auditor expects. Hashed, signed, timestamped, exportable. Generated continuously while you work, not assembled in the week before the audit.
Board oversight evidence, committee responsibilities, and decision log, formatted to AASB S1 expectations.
Sustainability and climate risks mapped to strategy across short, medium, long horizons.
Physical and transition risks with materiality assessment and financial impact estimates.
Scope 1, 2, 3 with location- and market-based Scope 2 calculations and methodology statement.
Live KPIs against board-approved targets, with drift indicators and explanatory narrative.
Full AASB S1 and S2 disclosure assembled for inclusion in the firm's annual report.
AASB S1 & S2, in plain words.
See AASB S1 & S2 mapped to your own controls.
Forty‑five minutes with our team. We take your existing control register, map it against AASB S1 & S2 obligations, and show you which gaps BackPro closes automatically. The mapping is yours to keep whether you proceed with us or not.