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Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures
3This Standard applies to:
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3 This Standard applies to:
(a) climate-related risks to which the entity is exposed, which are:
(i) climate-related physical risks; and
(ii) climate-related transition risks; and
(b) climate-related opportunities available to the entity.
4 Climate-related risks and opportunities that could not reasonably be expected to affect an entity’s prospects are outside the scope of this Standard.
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Governance
5 The objective of climate-related financial disclosures on governance is to enable users of general purpose financial reports to understand the governance processes, controls and procedures an entity uses to monitor, manage and oversee climate-related risks and opportunities.