Climate scenario analysis (AASB S2)
S2 mandates climate scenario analysis at least 1.5°C-aligned + an additional scenario.
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Who must comply
Group 1/2/3 entities phasing per AASB S2.
What triggers it
Annual AASB S2 reporting cycle.
When due
Annually within climate disclosure cycle.
Evidence required
Scenario analysis methodology + outputs + governance review.
Max penalty
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Summary
AASB S2 requires entities to conduct climate-related scenario analysis at least once per year (or when material change). Methodology consistent with TCFD framework.
Enforced by
Source legislation
Topics
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Source: https://www.aasb.gov.au. Rules Mate is not a law firm. Always verify against the live regulator source before acting.