This reporting framework sets out the minimum content requirements for the first year of mandatory climate-related financial disclosures for an entity. It also provides suggestions on how entities should approach their disclosures.
The framework outlines the first step to achieve more comprehensive climate-related financial disclosures. This framework is primarily based on the Australian Accounting Standards Board (AASB)’s Australian Sustainability Reporting Standard (ASRS) – AASB S2 Climate-related Disclosures. For the purpose of this reporting framework, the title of ‘ASRS’ is adopted to refer to relevant Australian disclosure standards.
At this point, the NSW Government does not require entities to fully align with the ASRS. Implementation of this reporting framework will help test the application of the ASRS to the circumstances of NSW entities.
Read more about NSW Treasury's climate related financial disclosure here.
