AASB research report on trends in climate-related disclosures
28 Nov 2023
The Australian Accounting Standards Board (AASB) together with the Australian Auditing and Assurance Standards Board (AUASB) has published a research report on climate-related disclosures and associated assurance practices in the Annual Reports of ASX-listed entities.
The report identifies several trends in climate-related reporting and assurance that have continued in 2022, including:
- Entities are increasingly disclosing climate-related information in their Annual Report/Corporate Governance Statement;
- Climate-sensitive industries continue to be more likely to disclose climate-related information with extant reporting standards and/or guidelines;
- Most disclosures are outside of the financial statements and are therefore not subject to audit;
- There continues to be an increase in the number of disclosers referencing the TCFD recommendations, including reporting against the four pillars;
- The number of climate-related content in Key Audit Matters (KAMs) continues to increase; and
- Limited assurance is still the dominant level of assurance being provided over climate-related information.
Please click to access the research report on the AASB website.
