AASB S2 Climate-related Disclosures in Active Implementation Phase

Australia’s mandatory AASB S2 Climate-related Disclosures remained in active implementation during the June-September 2025 period, having taken effect for annual reporting periods beginning on or after January 1, 2025. The standard requires entities to disclose climate-related risks and opportunities affecting cash flows, finance access, or capital costs, focusing on governance, strategy, risk management, and metrics/targets including scenario analysis and Scope 1-3 emissions. The phasing approach means first sustainability reports were issued for periods starting January 1, 2025, with first mandatory reporting for June 30 year-ends occurring June 30, 2026. The standard incorporates all IFRS S2 requirements as a mandatory framework. ( AASB )

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Simon Mak
Simon Mak didn’t set out to build just another finance firm—he set out to change how business measures success. After graduating from McGill University and earning credentials as a CFA and CMA, Simon founded Ascent Partners in Hong Kong, blending financial rigor with a vision for sustainability. Along the way, he realized that true value isn’t just in numbers—it’s in impact. That belief inspired the Ascent Partners Foundation, which Simon leads as Chairman. The foundation supports causes from poverty relief to environmental protection, partnering with NGOs and sustainability networks to drive real change. His influence extends beyond the boardroom through roles with Friends of the Earth, the UN ESCAP Sustainable Business Network, and industry alliances—always guided by one principle: business should be a force for good.
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| September 14th, 2025 | Posted in News |

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