1. Introduction

The Australian Accounting Standards Board (AASB) has published Exposure Draft ED SR 1 Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information to propose climate-related financial disclosure requirements for Australian entities.

ED SR1 has been developed using the International Sustainability Standards Board’s (ISSB) two inaugural standards—IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (IFRS S1) and IFRS S2 Climate-related Disclosures (IFRS S2)—as a baseline for Australian climate-related financial disclosure requirements. It includes three draft Australian Sustainability Reporting Standards (ASRS Standards):

(a)   [draft] ASRS 1 General Requirements for Disclosure of Climate-related Financial Information, developed using IFRS S1 as the baseline but with a scope limitation to climate-related financial disclosure;

(b)   [draft] ASRS 2 Climate-related Financial Disclosures, developed using IFRS S2 as the baseline; and

(c)   [draft] ASRS 101 References in Australian Sustainability Reporting Standards, developed as a service standard that would be updated periodically to list the relevant versions of any non-legislative documents published in Australia and foreign documents that are referenced in ASRS Standards.

This survey aims to provide stakeholders with a streamlined approach to providing feedback on ED SR1. Stakeholders that do not intend to make a formal submission to the AASB on ED SR1 are encouraged to provide feedback by completing this survey. It is strongly recommended that stakeholders read ED SR1 prior to commencing this survey. 

Survey responses will not be attributed to individuals or organisations and will be presented to the AASB in an aggregated form.

Stakeholders are invited to complete this survey by 11:59 pm, Friday 1 March 2024 AEDT.

It will take approximately 30 minutes to complete all questions. However, not all questions are required to be answered. Responses to the survey can be amended on the same device until 11:59pm, Friday 1 March 2024 AEDT.

Stakeholder feedback plays an important role in any decisions made by the AASB. The AASB regards supportive and non-supportive comments as essential to a balanced review of issues and will consider all submissions made by the abovementioned deadline.
 
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