The Australian Securities & Investments Commission (ASIC) has published the first set of educational materials aimed at helping smaller companies and report preparers understand and apply Australia’s new sustainability reporting requirements, including climate-related financial disclosures. PDF versions of the first three of eight learning modules are now available. Developed with the Australian Accounting Standards Board, the modules are designed for smaller reporting entities and small and medium-sized suppliers to reporting entities, but are intended to be broadly useful for stakeholders new to the regime. Module 1 introduces the sustainability reporting requirements in the Corporations Act 2001, Module 2 covers climate change basics, and Module 3 addresses climate-related physical risks. ASIC noted that entities required to prepare an annual financial report under Chapter 2M and meeting sustainability reporting thresholds under section 292A must prepare a sustainability report consistent with the Corporations Act requirements and AASB S2 Climate-related Disclosures, with phased commencement for groups of entities for financial years starting on or after 1 January 2025, 1 July 2026 and 1 July 2027. Modules 4 and 5 are due by the end of December 2025, with Modules 6 to 8 to follow in the first quarter of 2026, including content on climate-related opportunities and an introduction to emissions accounting. ASIC also plans to release an interactive version of all eight modules in the first quarter of 2026 and to run supporting workshops, with workshop details to be provided in early 2026.

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