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Banner design for climate reporting

Prepare for Mandatory Climate Reporting

Be prepared

Are you ready to navigate the new requirements for mandatory climate-related disclosures in Australia? Mandatory climate disclosures are based on the International Sustainability Standards Board (ISSB)’s climate standard, IFRS S2 and represent the biggest change to corporate reporting in decades.

Who it Impacts

While phased-in reporting will start with Australia's largest reporting entities, organisations of all sizes will be impacted by this change. As more companies are required to report financial climate risks, this will cascade in the supply chain to small and medium enterprises (SMEs) and across the broader economy.

Group 1

When:

2025
​Who?

  • $500+ million consolidated revenue

  • $1 billion consolidated gross assets

  • 500+ employees

  • Above NGER publication threshold (50,000 tonnes CO2e)

Group 2

When:

2026
​Who?

  • $200+ million consolidated revenue

  • $500+ million consolidated gross assets

  • 250+ employees

  • $5 billion+ under management (for asset owners)

  • All other NGER reporters

Group 3

When:

2027
​Who?

  • $50+ million consolidated revenue

  • $25+ million consolidated gross assets

  • 100+ employees

Where to Begin?

You will need to assess where your organisation currently stands both in terms of maturity and ambition. We can help you to build a comprehensive roadmap to ensure your organisation is equipped to manage compliance requirements and proactively mitigate climate risks.

Evaluating the maturity of your organisation's ESG practices.

You will need to assess where your organisation currently stands both in terms of maturity and ambition. We can help you to build a comprehensive roadmap to ensure your organisation is equipped to manage compliance requirements and proactively mitigate climate risks.

Understanding the different levels of maturity

Hover over the levels below to learn more about the different stages of maturity. Or take our readiness assessment, we have put together a few short questions to help you assess your company’s readiness for Climate Reporting.

Ambition to take action but is yet to identify relevant climate-related risks and opportunities

No dedicated resources or direct responsibilities for sustainability initiatives

Does not yet track carbon data

Taking The Plunge 

Identifying climate risks graphic

Management team predominantly oversee and implement sustainability initiatives e.g. Sustainability Manager

Climate Strategy focuses on environmental compliance or regulatory objectives

Risk Management does not include climate risks

Some carbon metrics and targets cover key emission sources (e.g. energy, fuel usage)

Moving Up The Ladder

Identifying climate risks graphic

Board and leadership endorse climate-related initiatives on ad-hoc basis

Climate Strategy may address carbon reduction but not physical climate risks

Risk Management informed by qualitative scenarios

Carbon Metrics and targets covers operational emissions only (Scope 1 and 2)

Soaring Forward

Identifying climate risks graphic

Board, leadership and staff mandates include climate responsibilities

Climate Strategy is set, and considers future financial and strategic impacts of climate change

Risk Management informed by two quantitative scenarios, including a 1.5°C scenario

Carbon Metrics and targets cover operational and value chain emissions (Scope 1, 2 and 3)

Reporting Ready

Climate reporting ready graphic illustration

The Stages of Maturity

Taking The Plunge

  • Ambition to take action but is yet to identify relevant climate-related risks and opportunities

  • No dedicated resources or direct responsibilities for sustainability initiatives

  • Does not yet track carbon data

Identifying climate risks graphic

Moving Up The Ladder

  • Management team predominantly oversee and implement sustainability initiatives e.g. Sustainability Manager

  • Climate Strategy focuses on environmental compliance or regulatory objectives

  • Risk Management does not include climate risks

  • Some carbon metrics and targets cover key emission sources (e.g. energy, fuel usage)

Climate strategy graphic

Soaring Forward

  • Board and leadership endorse climate-related initiatives on ad-hoc basis

  • Climate Strategy may address carbon reduction but not physical climate risks

  • Risk Management informed by qualitative scenarios

  • Carbon Metrics and targets covers operational emissions only (Scope 1 and 2)

Mandatory climate reporting graphic

Reporting Ready

  • Board, leadership and staff mandates include climate responsibilities

  • Climate Strategy is set, and considers future financial and strategic impacts of climate change

  • Risk Management informed by two quantitative scenarios, including a 1.5°C scenario

  • Carbon Metrics and targets cover operational and value chain emissions (Scope 1, 2 and 3)

Climate reporting ready graphic illustration

How Can We Support You?

Perspektiv can support you to develop an action-orientated plan including metrics and targets, to address climate risk in your operations and value chain.​

Beverly Egan Artwork
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