AASB S2

Climate-Related Financial Disclosure Support
Powered by 25 years of corporate carbon & sustainability expertise

At Northstream Analytic, we offer a full-spectrum, end-to-end service for organisations preparing for compliance with the Australian Accounting Standards Board (AASB) S2 – Climate-Related Disclosures, based on the ISSB IFRS S2 global baseline. With over 25 years of experience in corporate carbon accounting, sustainability reporting, and regulatory compliance, we are trusted partners to business and government in meeting the climate disclosure challenge with confidence and clarity.

🔍 End-to-End AASB S2 Services

✅ 1. Governance and Strategy Integration

  • Map and document climate-related governance structures, roles, and board responsibilities
  • Assist in integrating climate risk and opportunity into corporate strategy and financial planning
  • Conduct board and executive briefings on AASB S2 requirements and expectations

✅ 2. Risk and Opportunity Identification

  • Conduct structured climate-related risk assessments:
    • Physical risks (acute and chronic hazards)
    • Transition risks (policy, market, legal, reputational)
  • Identify and evaluate climate-related opportunities across the value chain
  • Align risk analysis with TCFD and ISSB disclosure frameworks

✅ 3. Scenario Analysis

  • Design and run climate scenario analyses (e.g. 1.5°C, 2°C, business-as-usual)
  • Model economic, energy, emissions, and financial impacts under each scenario
  • Use sector- and region-specific assumptions, including custom scenarios if required

✅ 4. Metrics and Targets

  • Define and track climate-related metrics relevant to the business (emissions, energy, water, climate-adjusted EBITDA, etc.)
  • Help set and document emissions reduction targets (e.g. Net Zero, Science-Based Targets)
  • Support internal carbon pricing, capital allocation alignment, and decarbonisation pathways

✅ 5. GHG Emissions Accounting

  • Complete robust, auditable Scope 1, 2, and 3 inventories
  • Use lifecycle and activity-based emissions factors aligned with GHG Protocol
  • Automate data capture from ERP systems, utility bills, metering, procurement, and suppliers
  • Generate supporting documentation for assurance and verification

✅ 6. Disclosure and Reporting

  • Produce fully compliant AASB S2 reports, with clear linkages to AASB S1 (general sustainability disclosures)
  • Ensure disclosures are assurance-ready, evidence-based, and tailored to regulators, investors, and customers
  • Translate disclosures into XBRL/ISSB-compliant digital formats for submission and communication

🏛️ Who We Serve

  • ASX-listed companies subject to phased-in mandatory reporting
  • Large private and state-owned enterprises preparing for disclosure obligations
  • Government agencies and local councils aligning with climate risk frameworks
  • Superannuation, finance, and insurance entities integrating climate into risk management

💡 Why Northstream Analytic?

CapabilityWhat Sets Us Apart
✅ Deep Experience25+ years in carbon accounting, sustainability reporting, and environmental-economic modelling
🔄 End-to-End ServiceFrom data systems to board sign-off – we deliver the full disclosure package
🧠 Modelling ExpertiseIntegrated economic, emissions, and scenario models tailored to each client
💬 Plain Language ReportingTransform complex risk and carbon data into clear, actionable insights for stakeholders
🔐 Independent & Evidence-BasedRigorous, auditable methods ready for assurance and regulatory review

📩 Contact Northstream Analytic to ensure your business is AASB S2-ready with confidence, clarity, and strategic value.