Office Selection & Green Operations Checklist

AASB S2 offers more than compliance, it is a strategic tool. Adopting it improves access to capital, strengthens lender relationships, builds competitive advantage through scope 1, 2 and 3 emissions reporting, identifies operational efficiencies, attracts talent, and supports better asset management and insurance negotiations across Australian businesses.

Measuring Scope 1, 2 and 3 emissions for AASB S2 uses the GHG Protocol formula, activity data multiplied by an emission factor. Scope 1 covers owned sources, Scope 2 requires location and market based methods, and Scope 3 uses spend based, average data or supplier specific methods, prioritising material hotspots first.

A defensible AASB S2 governance framework assigns clear board oversight, often through an existing body like the Audit and Risk Committee, backed by competent directors, timely information flows, and designated executive accountability. It embeds climate risk into existing enterprise risk management and internal controls rather than creating a separate system, supporting reliable disclosures, assurance readiness, and stakeholder trust.