AASB releases exposure draft of sustainability disclosure standards based on IFRS S1 and S2
AASB releases exposure draft of sustainability disclosure standards based on IFRS S1 and S2
The Australian Accounting Standards Board (AASB) has released an exposure draft, outlining its proposed standards for companies to report climate-related information, based on the recently released sustainability disclosure standards by the IFRS Foundation’s ISSB.
ED SR1 includes three draft Australian Sustainability Reporting Standards (ASRS Standards):
ED SR1 includes three draft Australian Sustainability Reporting Standards (ASRS Standards):
- [draft] ASRS 1 General Requirements for Disclosure of Climate-related Financial Information, developed using IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information as the baseline but with a scope limitation to climate-related financial disclosure
- [draft] ASRS 2 Climate-related Financial Disclosures, developed using IFRS S2 Climate-related Disclosures as the baseline
- [draft] ASRS 101 References in Australian Sustainability Reporting Standards, developed as a service standard that would be updated periodically to list the relevant versions of any non-legislative documents published in Australia and foreign documents that are referenced in ASRS Standards.