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AASB S2 Climate Risk & Reporting Support

Practical support to meet AASB S2 climate disclosure requirements

AASB S2 introduces mandatory, decision-useful climate-related disclosures. Meeting the standard requires more than high-level policy statements. It requires structured risk assessment, scenario analysis, governance, and defensible documentation.

Automic supports organisations with hands-on AASB S2 delivery, aligned to assurance expectations and regulator scrutiny.

Our engagements are designed to align with the AASB S2 pillars: Governance, Strategy, Risk Management, and Metrics and Targets.

Governance

  • Cloud-native technology ensures top-level cybersecurity and resilience. 
  • 24/7 real-time access to Australian-stored data. 
  • Commitment to carbon neutrality for Scope 2 emissions. 
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Value

  • Process automation saves time by eliminating manual reconciliation. 
  • Transparent pricing and efficient systems reduce the total cost of ownership. 
  • Single platform for all your business needs, delivering seamless efficiency. 

Climate Risk Assessment

We identify and assess climate-related risks and opportunities across your business.

  • Identify climate risks and opportunities across assets, activities, and operations
  • Classify risks as physical or transition
  • Assess likelihood and financial impact over short-, medium-, and long-term horizons
  • Link climate risks and opportunities to strategy, mitigation, adaptation, and disclosure

Typical delivery timeframe: 3 to 4 weeks

Climate Scenario Analysis

We conduct climate scenario analysis aligned with AASB S2 and APRA guidance.

  • Define two climate-related scenarios in line with AASB S2 requirements
  • Align scenarios with APRA CPG 229 and Climate Vulnerability Assessment (CVA) guidance
  • Assess impacts across assets, activities, and value chains over defined timeframes
  • Quantify physical climate risks using data-driven analysis
  • Assess transition risks using structured narrative and financial analysis
  • Document results for inclusion in AASB S2 disclosures and audit trails

Typical delivery timeframe: 3 to 4 weeks

Governance, risk and reporting are connected

AASB S2 requires consistency between governance, risk management, strategy, and metrics. We ensure climate risk assessment and scenario analysis are:

  1. Integrated into enterprise risk management
  2. Clearly owned by management and overseen by the board
  3. Documented to support assurance and regulator review
  4. Directly usable in mandatory climate disclosures

A structured path to AASB S2 compliance

We support clients using a clear execution roadmap, translating AASB S2 requirements into sequenced actions across multiple reporting periods.

This includes:

  • Governance roles, responsibilities, and board oversight
  • Climate risk identification, assessment, and monitoring processes
  • Scenario analysis capability
  • GHG metrics, targets, and approval pathways
  • Documentation to support repeatable, year-on-year compliance

Why organisations work with Automic?

Hands-on delivery, not generic frameworks

Hands-on delivery, not generic frameworks

Practical interpretation of AASB S2 requirements

Practical interpretation of AASB S2 requirements

Alignment with assurance and audit expectations

Alignment with assurance and audit expectations

Clear documentation and defensible methodologies

Clear documentation and defensible methodologies

Experience working with boards, executives, and risk teams

Experience working with boards, executives, and risk teams

Unlock the benefits of outsourced financial support

Outsource your finance function to us and gain a dedicated team of experts to manage your financial needs efficiently. Enjoy cost savings, enhanced efficiency, and expert support with our comprehensive cloud-based accounting services, covering all key financial operations to keep your business running smoothly.
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Improved productivity

Free up your internal team to focus on core tasks, increasing both productivity and job satisfaction.  

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Cost savings

Outsourcing is a cost-effective alternative to maintaining an in-house finance department. 

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Access to expertise

Leverage specialised knowledge from finance and accounting professionals to ensure compliance and accurate reporting.  

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Scalability and flexibility

Easily adjust your finance operations without the complications of hiring or redundancy.  

Plan your AASB S2 compliance with confidence

Talk to Automic about climate risk, scenario analysis, and a clear path to compliant AASB S2 reporting. 

FAQs: AASB S2 Support

What is AASB S2?

AASB S2 is the Australian standard for climate-related financial disclosures. It requires organisations to disclose how climate risks and opportunities affect governance, strategy, risk management, and financial performance.

Who does AASB S2 apply to?

AASB S2 applies to entities required to prepare sustainability reports under Australian law, including large and listed organisations, with phased implementation over coming years.

What does AASB S2 require in practice?

In practice, AASB S2 requires:

  • Board and management oversight of climate risks
  • Identification and assessment of climate-related risks and opportunities
  • Climate scenario analysis
  • Disclosure of financial impacts, metrics, and targets
  • Integration with enterprise risk management
Do we need climate scenario analysis for AASB S2?

Yes. AASB S2 requires organisations to assess the resilience of their strategy under different climate-related scenarios and disclose the results.

How long does an AASB S2 climate risk engagement take?

Climate risk assessment and scenario analysis are typically delivered in 3 to 4 weeks each, depending on complexity and data availability.

Is this work assurance-ready?

Yes. Our approach is designed to support internal review, external assurance, and regulator scrutiny, with clear documentation and traceable assumptions.

Can you support us beyond climate risk?

Yes. We provide end-to-end AASB S2 support, including governance advisory, GHG assessments, metrics and targets, board education, and sustainability reporting.

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