AASB · ASIC · Effective for reporting periods on or after 1 January 2025 (Group 1) · Group 2 from 1 July 2026 · Group 3 from 1 July 2027
AASB S2.
Climate-related financial disclosures aligned with IFRS S2.
What it is
AASB S2 is Australia’s adoption of the ISSB’s IFRS S2 climate disclosure standard. Reporting entities must disclose Scope 1, 2, and 3 emissions with stated methodology, source-attested activity data, and governance arrangements over climate-related risks. Fydis pulls activity data from your operational systems, binds it to AASB clauses, and produces the disclosure with full citation lineage. Assurance is provided under ASAE 3410 (Assurance Engagements on Greenhouse Gas Statements), the separate AUASB assurance standard.
Who it affects
Group 1 reporting entities first (FY25), expanding through Group 2 (FY26) and Group 3 (FY27). Listed entities, large corporates, and APRA-regulated entities are all in scope on the staggered timeline.
Regulators ask for specifics: the cell, the row, the captured-at hash, the named approver, and the clause a figure answers. Fydis returns those for every figure under AASB S2.
Coverage by stage
AASB S2 ¶29(a)(i)–(iii), Quantitative disclosure of Scope 1, 2, and 3 GHG emissions with the measurement approach, inputs, and assumptions stated.S2 disclosure with cited inputs and methodology footnotes.
AASB S2 ¶29(a)(vi) + Appendix B ¶B32–B57, Scope 3 categories disclosed per the GHG Protocol Corporate Value Chain Standard, with data-quality and lineage requirements.Source navigation drawer scrolled to the cell- or row-level activity record.
AASB S2 ¶6(a)–(b), Body responsible for oversight of climate-related risks and opportunities, with management’s role in governance processes and controls.Sign-off log with named governance-body member and review notes.
ASAE 3410 (AUASB), Assurance Engagements on Greenhouse Gas Statements. The separate AUASB assurance standard that GHG disclosures are assured against.Assurance pack · PDF + JSON · maps to ASAE 3410 working-papers structure.
Example artefact
What Fydis produces on a real analysis:
Frequently asked
Is the partial Evidence stage state a blocker?
Per-figure governance-body review is roadmap; disclosure-level review is in production. Most assurance providers accept disclosure-level review for the first reporting period under ASAE 3410.
How does Fydis handle Scope 3 estimation uncertainty?
Each figure carries a confidence interval and the methodology version. The drawer shows the underlying activity data hash, the emission factor source, and the calculation function.
Before the briefing
Score your current outputs against the 12-question audit-readiness checklist. Most teams find a few gaps the first time through. Bring them to the briefing and we will work the AASB S2 clauses directly.
Open the audit-readiness checklist →
See AASB S2 on a real analysis.
The live demo runs the pipeline on sandboxed data. No signup. The same chain runs on your data when you book a briefing.