AASB S1 General Sustainability disclosures (likely)
AASB likely to mandate S1 (general sustainability) following S2 climate phasing.
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Who must comply
Likely Group 1 entities first; phased to Group 2 + Group 3.
What triggers it
AASB final standard issued (expected 2025-2026).
When due
TBC (likely from FY26 or FY27).
Evidence required
Sustainability disclosures in annual report.
Max penalty
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Summary
AASB indicated S1 (general sustainability) likely to follow S2. Will require disclosure of all sustainability-related risks + opportunities. Industry consultation pending.
Enforced by
Source legislation
Topics
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Source: https://aasb.gov.au. Rules Mate is not a law firm. Always verify against the live regulator source before acting.