On 17 July 2026, Super Smart Energy brought together sustainability, finance, governance, and executive leaders for “What the AASB is Observing: Insights on Early AASB S2 Implementation.” The discussion featured Jack Bisset (Climate Implementation Lead, AASB), Tanya Kerkvliet (Director, ESG, Climate Change & Sustainability, KPMG), and Jim Allenby (Managing Director, PKF Parvate Sustainability), who shared practical insights into how organisations can prepare for Australia’s evolving climate reporting landscape.
Rather than revisiting the technical requirements of AASB S2, the discussion focused on what organisations should be doing today to build stronger governance, improve data quality, and establish the foundations for meaningful and decision-useful reporting.
Key Insights from the Discussion
Start Preparing Early
Organisations should begin preparing well before reporting deadlines. Establishing governance structures, defining responsibilities, improving data quality, and implementing reporting processes all take time. Starting early allows organisations to identify gaps, strengthen internal controls, and avoid the pressure of last-minute reporting.
Climate Reporting Starts with Better Information
AASB S2 is more than a reporting exercise – it’s an information challenge. Many organisations already have the data they need, but it often sits across finance, operations, sustainability, and risk teams. Bringing this information together into a trusted, connected, and consistent framework is essential for producing reliable disclosures and supporting future assurance requirements.
Focus on Quality Over Quantity
Effective climate reports are not necessarily the longest reports. Instead, organisations should prioritise clear, concise, and decision-useful disclosures that are supported by reliable information and sound professional judgement.
As discussed during the session:
- Strengthen governance, systems, and data foundations early.
- Allow sufficient time to prepare rather than rushing towards reporting deadlines.
- Apply proportionality with sound judgement and reliable evidence.
- Publish what your organisation can genuinely support today – not what you aspire to achieve tomorrow.
- Treat climate reporting as a strategic business discussion, not simply a compliance exercise.
The Bigger Opportunity
AASB S2 has the potential to improve far more than reporting. By connecting information across departments, organisations can strengthen governance, improve risk management, support strategic planning, and make better-informed business decisions. The same trusted information used for climate reporting can become a valuable foundation for long-term resilience and future business intelligence.
The real value isn’t the report itself – it’s the trusted information and organisational capability you build to produce it.
Continue Your AASB S2 Journey
Sources:
Australian Accounting Standards Board (AASB)
Australian Securities and Investments Commission (ASIC)
How Super Smart Energy Can Help
Preparing for AASB S2 involves more than understanding the reporting requirements – it requires trusted information, effective governance, and practical implementation. At Super Smart Energy, we help organisations build the foundations for confident climate reporting through sustainability strategy, greenhouse gas assessments, climate reporting readiness, decarbonisation planning, and ongoing advisory support.