The Australian Securities and Investments Commission (ASIC) has released its final guidance for mandatory climate-related financial disclosures, and the clock is ticking. For many Australian companies, the first reporting period began on January 1, 2025.
If your organisation’s financial year aligns with the calendar year, you’re already in the first year of required reporting.
The new rules under Regulatory Guide 280 (RG 280) require large businesses to report annually on:
Climate-related financial risks and opportunities
Governance and strategy for managing climate impacts
Physical and transition risk exposure
Scenario analysis and relevant Scope 1, 2, and 3 emissions
Metrics and targets used to track climate risk
The framework aligns with IFRS S2, the international standard developed by the ISSB, ensuring consistency and transparency for investors.
ASIC has said it will focus on education and support during the early phase. However, it has also indicated that enforcement is on the table for companies that fall short of expectations.
Photo by Alexander Tsang on Unsplash
The rollout is being phased in over three years:
Group 1 (Jan 1, 2025): Large, listed entities and financial institutions
Group 2 (July 1, 2026): Medium-sized entities
Group 3 (July 1, 2027): Remaining in-scope companies
Even if your company isn’t in Group 1, it’s not too early to prepare. Supply chain pressure and investor expectations mean all businesses should be proactive.
EWN's Climatics platform can equip organisations with the physical climate risk data and tools required to meet disclosure obligations with confidence and clarity.
1. Asset-Level Climate Risk Intelligence
Easily assess physical risks (like flood, fire, hail, cyclone) at the individual asset level. Perfect for site-specific disclosures and strategy planning.
2. Historical Data + Scenario Projections
Use decades of verified hazard data to model future risk scenarios under climate change pathways—essential for IFRS S2-aligned reporting.
3. Visual, Board-Ready Outputs
Climatics provides interactive dashboards and downloadable reports that simplify climate intelligence for boards, executives, and investors.
4. Fast, Defensible Reporting
Generate reporting inputs backed by rigorous data to meet compliance standards and satisfy assurance requirements.
5. Supply Chain & Portfolio Visibility
Climatics helps you assess climate exposure across portfolios or value chains—critical for businesses preparing for Scope 3 and downstream risk disclosure.
(Image by EWN's Ken Kato)
What sets Climatics apart from other climate risk tools is our foundation: it’s built by Australia’s leading severe weather intelligence company, Early Warning Network. Unlike purely academic or financial models, Climatics is grounded in real-world meteorological expertise, validated warning systems, and decades of operational experience with Australia’s most extreme weather events.
That means:
Your climate risk data is informed by actual hazard behaviour, not just theory.
Your reports are backed by one of the country’s most trusted sources of live alerts, historical event data, and severe weather forecasting.
You're supported by a team that helps industries respond to events before, during, and after they happen, not just report on them after the fact.
Climatics is the only platform that bridges the gap between climate reporting and operational readiness.
Climatics was purpose-built to help businesses understand their physical climate risk, clearly, confidently, and in line with new reporting expectations.
Whether you're just beginning your climate disclosure journey or looking to enhance existing reporting with asset-level intelligence, Climatics simplifies the process. Everything is designed to help you get it right the first time, from historical hazard analysis to future scenario projections, without overwhelming complexity.
And because it's backed by Australia's leading weather intelligence network, you’re not just checking a box, you’re building real insight into your organisation’s exposure and resilience.
The start of mandatory climate reporting marks a shift toward climate resilience as a competitive advantage. Those who act early will be better placed to manage risk, attract investment, and meet stakeholder expectations.
Want to see how your assets stack up under the new rules?
Contact EWN today to book a Climatics demo and take control of your climate risk reporting.