AASB S2 Consulting Services — Climate Disclosure for Australian Businesses

Climate metrics sit at the heart of AASB S2 compliance. Scope 1 and 2 emissions are mandatory from year one and subject to limited assurance from your first reporting period. We support the development and disclosure of:

• Scope 1 and Scope 2 emissions (location-based, using the GHG Protocol Corporate Standard)
• Scope 3 emissions across material categories, ahead of the year-two mandatory requirement
• Carbon intensity metrics aligned to your industry and business model
• Climate transition plans and net zero pathways
• Science-based targets and progress reporting
• Climate-related capital allocation and investment disclosures

Our focus extends beyond compliance. We ensure your climate metrics are integrated into strategic decision-making and long-term value creation — not simply filed to satisfy a regulatory obligation.

Understanding the material climate risks and opportunities facing your business is the foundation of a credible AASB S2 disclosure. We help organisations identify and quantify:

• Physical risks — heat stress, flooding, extreme weather events, and chronic climate shifts affecting assets and operations
• Transition risks — policy changes, carbon pricing, technology disruption, and shifting market demand
• Supply chain exposure — upstream and downstream vulnerabilities across your value chain
• Decarbonisation opportunities — energy efficiency gains, low-carbon product development, and innovation pathways

Where required, we conduct scenario analysis to test your organisation's resilience across different climate futures, including pathways aligned with the 1.5°C and above-2°C temperature scenarios required under AASB S2. 

AASB S2 requires your organisation to clearly disclose how the board and management oversee climate-related matters. Vague or undocumented governance is one of the most common deficiencies in early AASB S2 disclosures. We assist with:

• Defining board-level climate responsibilities and terms of reference
• Embedding climate oversight into existing risk, audit, and sustainability committees
• Developing climate reporting workflows between finance, sustainability, and risk teams
• Aligning executive KPIs and remuneration structures with climate objectives
• Documenting governance structures in a form suitable for disclosure and assurance

Strong governance reduces compliance risk, supports assurance requirements, and strengthens investor confidence.

We combine deep regulatory expertise, technical climate risk analysis, and hands-on implementation support. Our process is designed to produce disclosures that are accurate, defensible, and aligned with your financial reporting cycle — and to build lasting internal capability, not dependency on external consultants.

1. Gap analysis — assessing your current position against all four AASB S2 disclosure pillars
2. Materiality assessment — identifying which climate risks and opportunities are material to your business
3. Data mapping and emissions calculation — establishing audit-ready Scope 1, 2 and 3 inventories
4. Climate risk and opportunity assessment — physical and transition risk analysis, with scenario modelling where required
5. Governance structuring — defining and documenting board and management oversight
6. Draft disclosure development — preparing complete, assurance-ready climate disclosures
7. Internal training and capability building — equipping your finance, risk, and sustainability teams for ongoing reporting

We work closely with finance, sustainability, risk, and executive teams throughout. Dr Ina Peukes, a senior environmental practitioner, leads every engagement, you will not be handed to junior staff once the project begins.