AASB S2 Climate Reporting

The problem

Group 2's first mandatory reporting period started 1 July. Scope 1 and 2 emissions data has to be audit ready from day one of that period, not backfilled later, since limited assurance applies from Year 1. Most teams are still calculating emissions from a downloaded NGA Factors spreadsheet, which answers the arithmetic question but not the provenance one, which version, which date, applied consistently across every facility and reporting period.

How it works

The Climate Disclosure API returns NGA Factors by fuel type, electricity source, and state, with the factor version and publication year on every response, so a calculation can be traced back to exactly which published workbook it used.

Which plan you need

Further reading

• AASB S2 Group 2 is mandatory now. What a downloaded NGA Factors spreadsheet doesn't give your auditor.
• AASB S2: How to find out who has to report and when
• NGA Factors and AASB S2: Why the emission factor question is harder than it looks

Frequently asked questions