A Cross-Tasman Analysis: Australia’s Mandatory Climate Reporting Regime

By 2030, 6,000 entities are expected to be captured under Australia’s new (2025) mandatory climate reporting Standard: AASB S2 – but reporting entities need not begin this journey in the dark.

Across the Tasman, New Zealand Climate-reporting Entities (CREs) have practical guidance to offer, following the introduction of the mandatory New Zealand Climate Standards (NZ CS) in January 2023.

Our latest article breaks down the key differences between the Australian and New Zealand mandatory climate reporting standards, and provides actionable insights derived from New Zealand’s first disclosures.

New Zealand entities must also be prepared for the demands of AASB S2; given that they or their Australian subsidiaries may be mandated to report under the Australian regime, even if not under the NZ CS. Further, New Zealand businesses which are material customers of or suppliers to Australian climate reporting entities may be required to provide information in support of compliance with AASB S2.

Sustainability