RG 280 Sustainability Reporting: Practical Guidance for Reporting Entities and Small-Medium Enterprises

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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