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Mandatory Climate Reporting: Checklist of steps to ensure your board is ready for Australia’s new regime

27 November 2025

This checklist is designed to assist legal counsels and governance professionals in guiding their board of directors on how to prepare for Australia’s new mandatory climate reporting regime which commenced on 1 January 2025.

In-scope entities are required to disclose their climate-related plans, financial risks and opportunities as set out in the Australian Sustainability Reporting Standards (ASRS) issued by the Australian Accounting Standards Board (AASB).

This checklist will help you to identify

  • Whether your company is required to report under the new climate reporting regime and if so, when
  • Key steps your board needs to action before the end of March 2026. 

Enforcement under the new climate reporting regime includes a modified liability regime. Directors are responsible for taking reasonable steps to comply with or secure compliance with these reporting provisions and may be liable for non-compliance.

Enter your details to view the checklist extracted from Practical Guidance Corporations.