ASRS Executive Workshops | Key Insights
What Group 1 ASRS reports reveal about AASB S2 climate-related financial disclosures in practice
The first wave of mandatory climate disclosure under AASB S2 is now complete. Group 1 reporters have published their initial filings, and early analysis reveals important lessons for those following. While some disclosures demonstrate genuine maturity, many lack the financial rigour and strategic coherence that regulators and investors expect. ASIC’s guidance has made clear that expectations will only tighten from here.
For Group 2 organisations, understanding what’s working and what isn’t is critical to building credible, decision-useful disclosures from the outset.
“Group 1 showed what a first year looks like.
Group 2 has the opportunity to show what good looks like.”
This report draws on executive workshops conducted with Group 1 preparers, comprehensive analysis of published first-year disclosures, ASIC’s regulatory observations, and investor expectations to reveal what the market is delivering, where the material gaps are, and what Group 2 and 3 organisations should prioritise.
Download the insights
- What first-year reporting reveals in practice and how to interpret ASIC guidance, and where early reporters have fallen short
- Where regulatory and investor expectations are tightening, and what this signals for Group 2
- Five practical priorities for building disclosure capability and delivering decision-useful climate-related financial information
You can also access the original report via this download.
For a broader overview of ASRS and AASB S2 see ‘A Guide to Mandatory Climate Reporting in Australia’.
We will also be running future workshops, please get in touch if you would like to be involved.
© 2026 Anthesis. Originally published 2025, updated July 2026. By downloading this material, I acknowledge that this is the proprietary material of Anthesis. I agree not to use it for any competitive, commercial, or derivative purposes, and understand that competitors are strictly prohibited from copying, distributing, or using this material for any competitive or commercial advantage. I am aware that any breach hereof may result in legal action by Anthesis to protect and enforce its rights under law.