When does Mandatory Climate Reporting come into effect?

The new Australian Sustainability Reporting Standards (ASRS) came into effect 1 January 2025.

ESG reporting will be rolled out in a staged approach with reporting obligations phased in across three groups based on company size, revenue and emissions profile. See table below for timeline;

Group 1First annual reporting period beginning on or after 1 January 2025
Group 2First annual reporting period beginning on or after 1 July 2026
Group 3First annual reporting period beginning on or after 1 July 2027