In today’s business environment, Sustainability (ESG) Reporting has become a vital component for companies committed to long-term success and responsible growth.
In Australia, it is compulsory for companies which need to lodge financial reports under Chapter 2M of the Corporations Act 2001 & and falls within one (or more) of the three categories (Group 1,2,3) as defined by ASRS / AASB to report on climate change.At Finoptis Consulting Services, we help Australian companies comply with Australian Sustainability Reporting Standards (ASRS), issued by the Australian Accounting Standards Board (AASB), specifically AASB S2 Climate-related Disclosures. ASRS refers to two sustainability standards issued by the AASB: • AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information ('AASB S1'). Entities can voluntarily apply AASB S1. • AASB S2 Climate-related Disclosures. ('AASB S2')- Stage 1: Discovery & Scoping Understand the client’s context, goals, and sustainability maturity.
- Stage 2 : Baseline Assessment.Establish the current state of sustainability performance.
- Stage 3: Stakeholder Engagement. Ensure legitimacy, inclusion, and co-ownership of outcomes.
- Stage 4: Governance, Strategy, Risks Mgt. & Metrics (4 Key Pillars)Co-design a realistic and evidence-based sustainability roadmap.
- Stage 5: Implementation SupportHelp the client operationalise their strategy effectively.
- Stage 6: Monitoring, Reporting & EvaluationTrack progress and drive continuous improvement.
- Stage 7: External Assurance & VerificationStrengthen credibility and trust through independent validation of sustainability data, disclosures, and outcomes.
- Stage 8: Continuous Improvement & Re-engagementFoster long-term partnership and adaptive sustainability leadership.