The Australian Sustainability Reporting Standards (ASRS) bring global alignment and greater transparency, ensuring investors and regulators can assess corporate climate impact. With reporting deadlines fast approaching, now is the time to understand the requirements and take action.

When does your business need to start reporting?  (Meet two of the three reporting thresholds)

• FY26, Group 1: Over $500M turnover, more than 500 employees, or $1B in assets 
• FY27, Group 2: Over $200M turnover, more than 250 employees, or $500M in assets 
• FY28, Group 3: Over $50M turnover, more than 100 employees, or $25M in assets 

Start preparing to meet these deadlines.

What does this mean for your business?

Why is ASRS happening?
Australia’s Federal Government is committed to achieving 82% renewable energy, in the electricity grid, by 2030 and transitioning the country toward net-zero emissions by 2050.

Mandatory climate reporting under the ASRS plays a crucial role in this transition by:

• Promoting corporate accountability: More businesses are now expected to measure and disclose their environmental impact.
• Driving investor confidence: Clear and consistent reporting helps investors assess risks and opportunities tied to climate change.
• Encouraging sustainable business practices: By requiring transparency, the ASRS incentivises companies to adopt more sustainable and energy-efficient operations. It also urges them to put similar pressure on their suppliers and customers.

The business impact for businesses, the ASRS introduces several challenges and opportunities:

• Increased reporting obligations: Commencing FY26, many companies will be required to collect, analyse, and report detailed data on their emissions and climate risks. This requires robust internal systems and resources.
• Reputational risk and opportunity: Non-compliance or poor environmental performance will be exposed, damaging poor performers’ reputation. Conversely, demonstrating leadership in sustainability can enhance your brand image and attract new clients and investors.
• Operational adjustments: Companies will need to adapt their operations to reduce emissions and align with national sustainability targets. This may include investing in energy-efficient technologies or renewable energy.
• Regulatory scrutiny: Non-compliance with ASRS standards could result in penalties, increased regulatory oversight, and loss of stakeholder trust.

How to Stay Ahead

The ASRS isn’t just a regulatory requirement; it’s a chance to future-proof your business. By embedding sustainability into your strategy, you can improve efficiency, reduce costs, and create a competitive advantage.

At Northmore Gordon, we simplify the complexity of ASRS compliance. From carbon footprint assessments to net-zero strategy development, we’ll help you navigate these changes confidently and turn challenges into opportunities. Since 2009, we have been supporting our partners in reducing their energy demands, in doing so cutting costs by cutting carbon. We have market leading knowledge on how government can support you in your climate journey through grants, subsidies and certificate schemes.

Choose Northmore Gordon to turn plans into action and do more with less carbon.

Contact Jack Warren at j.warren@northmoregordon.com

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