On 31 March 2025, the Australian Securities and Investments Commission (ASIC) released Regulatory Guide 280 (RG 280), providing direction on how it will administer new sustainability reporting obligations under the Corporations Act.

From 1 January 2025, companies that meet certain thresholds will be required to prepare and lodge sustainability reports under the requirements of the Corporations Act. The Sustainability Reports will need to contain mandatory Climate-related financial disclosures in accordance with the AASB S2 standard, which is largely based on international frameworks set by the ISSB.

RG 280 provides guidance on the new climate-related financial reporting requirements, including governance and practical application of sustainability disclosures. Failure to comply may result in enforcement action, civil or criminal penalties, or director liability.
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Why download this report:

Fair Supply has prepared this report as a practical implementation guide, based on ASIC’s RG 280, for reporting entities, risk and compliance teams, and procurement professionals to assist with operationalising the new sustainability reporting requirements and begin building a structured compliance framework.

The paper covers:

• Relevant thresholds, group classifications and key reporting dates;
• Sector-specific issues for financial services, energy and the superannuation industries
• Treatment of Scope 3 GHG emissions and assessment approaches
• Governance guide for board engagement and audit readiness
• Checklists and director oversight templates to support successful implementation.
  
  

Who this report is for:

This guide is essential reading for reporting entities, ESG and risk professionals managing climate-related disclosures, and SMEs who may be required to support clients' reporting obligations. It is also relevant to directors, governance officers, legal and compliance teams seeking to understand their responsibilities under the new climate-related financial reporting legislation.

Even entities below the reporting threshold will be affected by increased ESG scrutiny, data requests and the growing expectation of consistent climate-related reporting practices.

Ensure your organisation is prepared – download the report today and take the next step toward structured, audit-ready sustainability reporting.