Australia’s Sustainability Reporting Standards (ASRS): What Businesses Need to Prepare For

Australia’s move to introduce Australian Sustainability Reporting Standards (ASRS) marks a turning point in corporate transparency and accountability. 

From 2026, many companies will be required to disclose environmental, social, and governance (ESG) information with the same rigour as financial data. 

What are the ASRS? 

Developed by the Australian Accounting Standards Board (AASB), the ASRS are based on the International Sustainability Standards Board (ISSB) framework. They will require entities to disclose sustainability-related risks, opportunities, and metrics relevant to enterprise value. 

Who will be affected? 

Reporting obligations will initially apply to large listed entities and major private companies, with a phased rollout for smaller entities in subsequent years. 

How to prepare: 

1. Assess your readiness. Conduct a gap analysis between current ESG disclosures and ASRS requirements. 

   
   

2. Strengthen data systems. Reliable ESG data collection and governance will be essential. 

   
   

3. Engage stakeholders early. Finance, risk, sustainability, and audit teams must align on approach. 

   
   

4. Develop internal capability. Training and process integration will ensure smooth transition. 

   
   

Preparing now means more than compliance — it positions your organisation to build trust and attract investment in a sustainability-focused economy. 

Nexus ESG Advisory assists clients in aligning internal processes with emerging reporting standards. Contact us for a readiness assessment.