ASRS Mandatory Climate Risk Assessment | Essential Compliance
Trusted by Mandatory Reporters
“Trace’s AI capabilities have significantly streamlined our data collection and validation processes, reducing manual effort and giving us greater confidence .”
CFO, Allied credit
“Trace’s AI capabilities have significantly streamlined our data collection and validation processes, reducing manual effort and giving us greater confidence .”
CFO, Allied credit
“We’ve worked with Trace for over 4 years and they’ve always given us confidence that our carbon data is accurate, audit-ready and aligned with evolving reporting standards.”
CEO, EnVATO
" Starting early [with the Trace platform] meant we avoided the scramble - saving time, money, and a lot of stress"
HEAD OF ESG, PADDY PALLIN
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1 Spot for ASRS Preparation Including Climate Risk Assessment
Thousands of businesses will need to create a Climate Risk Assessment as part of mandatory climate reporting. But, you don’t need to do it all now - Trace helps you understand your position and get ready for compliance.
A one-page visual of the four AASB S2 pillars, what each requires, key deadlines, and the step-by-step compliance path. Start here if your team is scoping what ASRS S2 actually involves.
Benchmark your readiness against 20+ ASRS compliant Australian companies. Includes buying criteria, support gaps, and how first-round filers are approaching year one.
Templates, checklists and frameworks to start your AASB S2 implementation. Built for finance and sustainability leads who are ready to move.
A 5-minute self-assessment. Get a compliance gap map and personalised next steps, scored against the four AASB S2 pillars.
Mandatory climate disclosures are here
Australia’s ASRS (Australian Sustainability Reporting Standards) require thousands of businesses to disclose climate-related financial risks under AASB S2. If your company has over 100 FTE or $50M+ in revenue or assets, you’ll need to start preparing now.
Trace helps you:
✅ Build audit-ready, finance-aligned climate disclosures
✅ Avoid last-minute reporting bottlenecks
✅ Meet investor, board, and customer expectations confidently
"I did a lot of due diligence - demos, discovery calls - and we chose Trace because they provided great software, were transparent, and understood the Australian reporting environment.."
Head of Sustainability at Top 500 company
Get a clear
picture of your AASB reporting readiness
Trace’s Readiness Toolkit helps you lay the groundwork for ASRS compliance. You’ll get accurate carbon emissions data, a gap analysis aligned to AASB S2, and a practical decarbonisation plan to move forward with confidence.
✅ Emissions reporting: Scope 1, 2, and 3 emissions, calculated using audited methodologies and local factors
✅ Gap analysis: Identify how your current disclosures stack up against AASB S2 requirements
✅ Decarbonisation plan: Build a realistic decarbonisation roadmap to show progress, not just compliance
Build out your full ASRS-aligned disclosure
Once your baseline is in place, Trace helps you prepare the rest of your ASRS response - including climate risk analysis, scenario planning, and your formal disclosure documentation.
✅ Climate Risk Assessment: Identify, assess and document risks that could affect enterprise value
✅ Scenario Planning: Model financial impacts under different climate futures
✅ Disclosure Templates: Align with AASB S2’s structure and language, ready to publish alongside your financials
Be ready for audit & assurance
Trace makes your climate disclosures defensible, verifiable, and audit-ready. From version control to embedded methodologies, we provide what auditors, boards and regulators expect.
✅ Carbon accounting audit report: Fully reconciled data, clearly documented methods and assumptions
✅ ASRS/AASB S2 assurance support: Help your auditors validate your climate disclosures with ease
Trace is trusted by
Australian mandatory reporters.
“Group 1 reporter in construction and engineering. With no in-house carbon expertise, SEE Civil used Trace to complete a full FY24 carbon inventory, run a gap assessment, and prepare a compliance roadmap, all within weeks.” – CFO, SEE Civil
Trace is ranked #1 for Usability (8.86 vs Workiva 8.35) and #1 for Results (8.58 vs Denxpert 8.53) in the G2 ESG Reporting Index, and is a Momentum Leader in ESG Reporting and Sustainability Management.
Paddy Pallin used Trace to build internal buy-in, lock in scope early, and avoid the last-minute scramble that tripped up many first-round filers.
“By recommending an 18-24 month lead-time, we secured executive approval and budget to do this properly. Starting early meant we avoided the scramble - saving time, money, and a lot of stress.”
Simplify Climate Reporting with Trace Today
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There's no such thing as a silly question. We'd be happy to answer any questions you have about Trace, our platform and the process of starting your Net Zero journey.
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