What Is AASB S2 and How Does It Affect Financial Reporting
In recent years, sustainability and corporate responsibility have become central concerns for businesses worldwide. The AASB S2 standard plays a critical role in this transformation by providing clear guidance on climate-related and sustainability reporting for organisations in Australia. Designed to align with global frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD), AASB S2 ensures that companies disclose consistent, relevant, and comparable information regarding their environmental and social impacts. By adhering to this standard, businesses can enhance transparency, support investor decision-making, and demonstrate accountability in addressing the financial risks associated with climate change and sustainability initiatives.
