Energetics, an Australian consultancy specialising in climate and energy, has developed an interactive tool titled “A Roadmap to Disclosure” to assist organisations in preparing for mandatory climate-related financial reporting under the Australian Accounting Standards Board’s AASB S2 framework.
Target audience
The tool is designed for Australian businesses, particularly those subject to upcoming mandatory climate disclosure requirements. It is especially relevant for finance professionals responsible for ensuring compliance with these standards.
Relevance to finance professionals
For finance professionals, the roadmap offers a structured approach to:
- Understanding disclosure requirements: Clarifies the specific obligations under AASB S2, aiding in compliance.
- Assessing organisational readiness: Facilitates evaluation of current preparedness and identification of areas needing development.
- Integrating climate considerations: Supports the incorporation of climate-related risks and opportunities into financial planning and reporting.
- Developing transition plans: Assists in formulating strategies to address climate risks, which is vital for financial forecasting and risk management.
By utilising this tool, finance professionals can effectively navigate the complexities of climate disclosure, ensuring their organisations meet regulatory requirements and are well-positioned in a transitioning economy.
