Section 22 - Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures - An entity shall identify the financial statements to which the climate-related financial disclosures relate.

22An entity shall identify the financial statements to which the climate-related financial disclosures relate.

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Turn the raw legal text into a practical explanation grounded in Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures.

22 An entity shall identify the financial statements to which the climate-related financial disclosures relate.
23 Data and assumptions used in preparing the climate-related financial disclosures shall be consistent—to the extent possible considering the requirements of Australian Accounting Standards—with the corresponding data and assumptions used in preparing the related financial statements (see paragraph B42).
24 When currency is specified as the unit of measure in the climate-related financial disclosures, the entity shall use the presentation currency of its related financial statements.

Core content

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27 [Not included]

Strategy

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30 [Not included]

31 Short-, medium- and long-term time horizons can vary between entities and depend on many factors, including industry-specific characteristics, such as cash flow, investment and business cycles, the planning horizons typically used in an entity’s industry for strategic decision-making and capital allocation plans, and the time horizons over which users of general purpose financial reports conduct their assessments of entities in that industry.

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44 [Not included]

Metrics and targets

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48 [Not included]

49 If an entity discloses a metric taken from a source other than Australian Sustainability Reporting Standards, the entity shall identify the source and the metric taken.