The landscape of corporate reporting in Australia is in one of its most significant shifts in decades. With AASB S2 Climate-Related Disclosures and ASSA 5000 assurance standards coming into effect, ASX-listed entities and increasingly, businesses across sectors must prepare to disclose climate-related risks and opportunities in their annual reports.
A new research report from the Australian Accounting Standards Board and Chartered Accountants of Australia & NZ released in July 2025, reveals both progress and challenges in this transition, with climate-related disclosure in annual reports jumped from 48.4% in 2023 to 67.4% in 2024, but still only 11.7% of companies conducting scenario analysis.
While momentum is building, many organisations still remain underprepared for the depth, comparability, and credibility required under mandatory reporting, and don’t have site-specific, credible climate data to meet the requirements.
Climatics is EWN’s historical weather and hazard intelligence platform, and it holds every recorded severe weather and natural hazard event in Australia and New Zealand.
For any location, from a single asset to a nationwide portfolio, Climatics can instantly surface decades of event data, including floods, hail, cyclones, bushfires and more. This means businesses can:
Understand exposure instantly: See the full event history for any site to identify patterns and recurring risks.
Feed real-world data into scenario analysis: Use actual hazard frequencies and severities as the foundation for climate modelling.
Assess value chain risk: Map vulnerabilities not just for owned assets, but for suppliers, customers, and partners.
Link to financial reporting: Incorporate climate event histories into asset valuations, impairment assessments, and Notes to the Financial Statements.
Mandatory climate reporting is a chance to demonstrate resilience and leadership, not just meet regulatory requirements.
Climatics empowers businesses to:
Provide verifiable evidence for disclosures under AASB S2.
Strengthen assurance processes with high-quality, auditable datasets.
Shift from reactive disaster response to proactive risk management.
As the AASB–AUASB report highlights, most companies still have work to do before climate reporting becomes business-as-usual. With Climatics, that work becomes faster, more accurate, and more defensible.
Is your organisation ready for AASB S2?
Climatics delivers the data you need, for every location, every event, every time.
Contact our team to find out more.