The problem
Mandatory climate-related disclosures are now part of financial reporting in Australia. Stakeholders expect organisations to show how climate change could affect their operations, supply chains and financial performance.
Introducing your solution: climatekit
What do you need to disclose?
Under Chapter 2M of the Corporations Act 2001 entities that meet certain thresholds must prepare a climate-related financial disclosures in line with AASB S2. Entities are divided into three groups with different start dates:
Group 1: very large companies and NGER reporters ($500m+ revenue, $1b assets, or 500+ employees) from 1 January 2025.
Group 2: large companies ($200m+ revenue, $500m+ assets, or 250+ employees) from 1 July 2026.
Group 3: smaller large companies ($50m+ revenue, $25m+ assets, or 100+ employees) from 1 July 2027.
If your company fits one of these groups, or you like to prepare, climatekit is made for you.
Climatekit makes climate-related disclosure straightforward and cost-effective. The system gives you a clear, practical path to meet AASB S2 requirements without needing a team of sustainability experts. You also avoid the high costs and lengthy timelines associated with consultancy and legal services.
With climatekit you get:
Simplified complexity
Step-by-step support
Ready-to-use templates
Compliance plus strategy
AASB S2 broken into plain English modules you can understand without specialist knowledge.
Practical guidance for each disclosure area and a proven approach to AASB compliance.
Structured disclosures that save time and reduce reliance on consultants and lawyers.
More than box-ticking: disclosure that builds competitiveness, reputation and resilience.
The climatekit system includes six modules that guide you from governance to metrics and targets, providing a complete framework for disclosure. Along the way, you will build cross-functional understanding and create a clear audit trail of decisions and actions.
How climatekit works
Climatekit ensures you cover exactly what's needed, allowing you to work efficiently and maintain momentum.
Governance:
Strategy:
Risk Management:
Metrics and targets:
how climate-related risks and opportunities are overseen and managed by your board and executive teams.
how climate risks and opportunities could affect your business model, value chain and financial plans.
the processes your organisation uses to identify, assess and respond to climate-related and financial plans.
the data, indicators and targets you use to track climate performance and progress.
What you need to disclose
Your climatekit-based disclosure will be structure around the four pillars of AASB S2:
The system
The modules at a glance
01
Climate governance
Define governance roles, responsibilities and internal controls. Set up your due diligence system and project team.
Identify material climate-related risks and opportunities (CRROs). Set boundaries and assess current readiness.
Tests your strategy against different plausible climate futures (e.g. 1.5°C, >2.5°C scenarios).
02
Current risks and opportunities
03
Future risks and opportunities
04
Strategic response
Document how your organisation will manage CRROs over time. Outline actions, responsibilities and financial implications.
Measure scope 1 and 2 emissions and material scope 3 emissions. Align with the GHG Protocol and AASB S2 requirements.
Disclose relevant metrics. If targets are set, provide information on scope and how you will measure progress.
05
Carbon emissions
06
Metrics and targets
Turning your obligation to your advantage
Strong disclosure does more than meet regulatory requirements. It builds business resilience and trust by:
Strengthen access to finance
Build investor confidence
Meet director duties
Protect brand reputation
Clear disclosure builds lender trust and unlocks funding opportunities.
Transparent reporting reassures investors and shareholders.
Robust disclosure helps directors fulfil their responsibilities.
Credible climate reporting enhances trust and credibility.
Built on shared expertise
Get your climatekit
Use the buttons below to download our information flyer, or book a chat with our team to discuss how climatekit can support your business.
Climatekit is delivered by Hikari Solutions and thinkstep-anz. Together we combine:
Legal and governance know-how (Hikari Solutions)
Sustainability and data expertise (thinkstep-anz)
This partnership gives you practical, compliant solutions that are robust, actionable and built to deliver lasting impact.
Since 2014, our mission has been clear: find the light, make the change, fast.
Businesses today face unprecedented challenges, including those relating to people, safety, finance, supply chains, illegal logging, climate and governance.
What sets us apart is our unique model - as Australasia's only consultancy and legal practice combined, we don't just design strategies; we ensure they are commercially and legally robust. This integrated capability allows us to partner with organisations to manage complexity, drive transformation and delivery real impact.
At Hikari Solutions, we empower leaders to unlock potential, embrace change, and create lasting value where it matters most. At our core, we believe better is always possible.
hikarisolutions.com.au
We are an independent sustainability firm with offices in Australia and New Zealand, where we have been supporting climate-related disclosures since they became mandatory in 2023.
Our team works with you to put sustainability at the heart of your business, to set you up to succeed and inspire you to keep achieving more.
We focus on what matters and use data to understand organisations and their impact. We provide practical resources and ideas that move you ahead.
We create value for organisations like yours, bringing our technical expertise and business know-how to help you tell your story. It's what we've been doing since 2006.
thinkstep-anz.com