53An entity shall label and define metrics and targets using meaningful, clear and precise names and descriptions.

53 An entity shall label and define metrics and targets using meaningful, clear and precise names and descriptions.

General requirements

54–

59 [Not included]

Location of disclosures

60 An entity is required to provide disclosures required by Australian Sustainability Reporting Standards as part of its general purpose financial reports.

61 [Not included]

62 An entity may disclose information required by an Australian Sustainability Reporting Standard in the same location as information disclosed to meet other requirements, such as information required by regulators. The entity shall ensure that the climate-related financial disclosures are clearly identifiable and not obscured by that additional information (see paragraph B27).
63 Information required by an Australian Sustainability Reporting Standard may be included in climate-related financial disclosures by cross-reference to another report published by the entity. If an entity includes information by cross-reference, the entity shall apply the requirements in paragraphs B45–B47.

Timing of reporting

64 An entity shall report its climate-related financial disclosures at the same time as its related financial statements. The entity’s climate-related financial disclosures shall cover the same reporting period as the related financial statements.
65 Normally, an entity prepares climate-related financial disclosures for a 12-month period. However, for practical reasons, some entities prefer to report, for example, for a 52-week period. This Standard does not preclude that practice.
66 When an entity changes the end of its reporting period and provides climate-related financial disclosures for a period longer or shorter than 12 months, it shall disclose:
(a) the period covered by the climate-related financial disclosures;
(b) the reason for using a longer or shorter period; and
(c) the fact that the amounts disclosed in the climate-related financial disclosures are not entirely comparable.
67 If, after the end of the reporting period but before the date on which the climate-related financial disclosures are authorised for issue, an entity receives information about conditions that existed at the end of the reporting period, it shall update disclosures that relate to those conditions in the light of the new information.
68 An entity shall disclose information about transactions, other events and conditions that occur after the end of the reporting period, but before the date on which the climate-related financial disclosures are authorised for issue, if non-disclosure of that information could reasonably be expected to influence decisions that primary users of general purpose financial reports make on the basis of those reports.
69 This Standard does not mandate which entities would be required to provide interim climate-related financial disclosures, how frequently, or how soon after the end of an interim period. However, governments, securities regulators, stock exchanges and accountancy bodies may require entities whose debt or equity securities are publicly traded to publish interim general purpose financial reports. If an entity is required or elects to publish interim climate-related financial disclosures in accordance with Australian Sustainability Reporting Standards, the entity shall apply paragraph B48.