Australian firms gain new tool for climate reporting compliance
Workiva and Climate & Decisions have introduced a new solution intended to assist Australian organisations in meeting the requirements of upcoming climate disclosure regulations.
The offering, called Data to Disclose in a Box, aims to address the increasing compliance responsibilities set by the Australian Sustainability Reporting Standards (ASRS), including AASB S2 Climate-related Disclosures and ASIC's Regulatory Guide 280. The product launch comes ahead of the phased rollout of mandatory climate reporting in Australia.
Compliance requirements
Australia is introducing mandatory climate reporting, with entities required to disclose climate-related risks and opportunities. The new regime, administered under ASRS, introduces detailed requirements covering areas such as emissions reporting and governance processes related to sustainability. Companies will need to provide data on Scope 1, 2 and 3 greenhouse gas emissions and demonstrate clear frameworks for risk assessment, scenario analysis and oversight mechanisms.
Solution features
The Data to Disclose in a Box solution integrates climate data management, carbon accounting, disclosure workflows, governance risk and compliance functions, and AI-powered reporting capabilities. Built on the Workiva cloud platform, it is designed to support both ESG and finance teams in compiling and managing information that meets assurance and audit readiness standards.
Features include a comprehensive ESG and carbon accounting data model, materiality assessment tools, gap analysis workflows, ASRS-aligned disclosure outputs, and traceable reporting suitable for audit. The platform also leverages Workiva's generative AI tools to streamline narrative drafting and ease the manual workload associated with complex disclosure requirements.
Targeted entities
The solution is aimed at entities within Groups 1, 2, and 3 as classified under ASRS guidelines. This includes a breadth of listed companies set to fall under the phased implementation timeline between 2025 and 2027. The package is positioned as a means for these businesses to meet new legal obligations efficiently while maintaining quality and traceability.
Market context
The joint offering was developed in response to evolving regulatory demands and the operational pressures facing companies adapting to mandatory climate disclosure standards. The partnership combines technology with regulatory expertise to guide Australian organisations as they adjust internal systems to address the legal significance of climate-related disclosures.
"Data to Disclose in a Box is more than just a software integration, it's a fully structured compliance accelerator. It empowers ESG, finance, and risk teams to collaborate in real-time, manage carbon and climate risk data, and generate investor-grade disclosures aligned with AASB S2," said Thierry Lotrian, CEO and Founder, Climate & Decisions.
Jon Hartland, Director Strategic Partnerships at Workiva ANZ, added, "Workiva's platform is uniquely positioned to help organisations connect climate data to disclosures and financial reporting in a traceable, secure and collaborative way. Data to Disclose in a Box helps organisations move from compliance chaos to confidence, and with generative AI built into the platform, it dramatically reduces manual workload and improves quality."
