Who must prepare a sustainability report?
Entities are required to prepare a sustainability report if they are required to prepare an annual financial report under Chapter 2M of the Corporations Act and meet one of the sustainability reporting thresholds in section 292A of the Corporations Act:
- the corporate size threshold 鈥� the entity (and the entity it controls if any) meets two of the three thresholds for consolidated revenue, value of consolidated gross assets or the number of employees: see s292A(3) of the Corporations Act
- the emissions threshold 鈥� the entity is a registered corporation that has emissions reporting obligations under the National Greenhouse and Energy Reporting Act 2007: see s292A(5) of the Corporations Act, and
- the value of assets threshold 鈥� the entity is a registered scheme, registrable superannuation entity or retail CCIV and it (and the entities it controls if any) meets the criteria for the value of assets under s292A(6).
Sustainability reporting requirements are being phased in over three years across three groups of reporting entities, with the first reporting cohort required to prepare sustainability reports for financial years commencing on or after 1 January 2025.
The second and third reporting cohorts are required to prepare sustainability reports for the financial years commencing on or after 1 July 2026 and 1 July 2027 respectively.
Entities that are not required to prepare annual financial reports under Chapter 2M of the Corporations Act are not required to prepare a sustainability report. This includes:
- foreign companies registered under Div 2 of Pt 5B.2 of the Corporations Act and entities incorporated in a foreign jurisdiction
- small proprietary companies with no Ch 2M reporting obligations
- registered charities that are not required to prepare an annual financial report under Ch 2M, and
- entities that rely on relief granted by ob体育 from the requirement to prepare an annual financial report under Chapter 2M of the Corporations Act for the relevant financial year.
For further information about determining whether the sustainability reporting thresholds may apply, the phasing in of these reporting obligations, and non-reporting entities, see Section B of ob体育 Regulatory Guide 280 Sustainability reporting (RG 280).
More information
For more information see Regulatory Guide 280 Sustainability reporting (RG 280).