"Given how new and complex ASRS S2 reporting is, having a team with this level of command over the requirements made a real difference. Highly recommended [New England FRS] for any business navigating their sustainability reporting obligations"
Susan Giles, Environment & Sustainability Manager for Yara
AASB S2 Sustainability Reporting
As Group 2 entities are now falling into the scope of mandatory sustainability reporting under AASB s2 for their financial year beginning on or after 1 July 2026, and Group 3 is coming into scope next year, now is the time to prepare.
We get it, there are many other things on your plate, and you don't have the resources nor the headspace to turn your attention to this new compliance requirement.
Let us help you through this process and allow you to focus on other priorities with our end-to-end support.
Early preparation is key
We're not just saying this - some of the requirements of AASB s2 are very specific and cannot be retrospectively created or applied.
Failing to properly prepare will also almost certainly result in overrun fees from your auditors and risk missing filing deadlines - don't leave yourself exposed.
End-to-end support
We can take care of everything from assessing your current position against the standard's requirements, through to writing your report, managing your external assurance process on the report and preparing required audit documentation where it doesn't already exist.
We offer a variety of packages depending on the extent of your needs which are detailed further below,
Future reporting
The requirements of AASB S2 varies between years 1, 2 and 4 in terms of both disclosure and assurance levels.
We can support you at every stage from year 1 report writing through to preparation for expanded assurance, or simply annual updates of the report going forwards.
Our packages
After a brief scoping discussion, we can provide you with a tailored proposal for your sustainability reporting, which is likely to follow one of the packages below, depending on the extent of your needs. Contact us today to get the ball rolling.
Gap analysis
A clear, prioritised plan for readiness
- Assessing your business' current processes and data availability against the four pillars of AASB s2
- Review of available internal documentation for assurance suitability and compatibility with AASB S2
- Deliverable of a clear and prioritised action plan to prepare your business for compliant sustainability reporting, including Year 2's escalated audit requirements
- Board paper briefly outlining the requirements of AASB S2 and next steps
Gap analysis, sustainability report preparation and assurance management
A ready-to-sign AASB s2 compliant sustainability report, audit management handled
- Full gap analysis as detailed in 'Gap analysis' standalone offering
- Preparation of your sustainability report following information and documentation gathering with relevant teams and individuals in your organisation
- Liaison with your auditors and management of audit deliverables to ensure they are provided with the relevant required information in a timely manner
Internal processes and documentation
Audit documentation prepared, built around your processes
Examples might include:
- Climate risk management policy documentation
- Material and boundary assessment documentation
- Scenario analysis facilitation and documentation
- Governance process shaping and documentation
- Handover guides for internal teams going forwards