Back to home
Compliance Guide

Meeting AASB S1 & S2 Requirements with EcoLink

From 2026, large Australian entities are mandated to disclose climate-related financial information under the new AASB S1 and S2 standards. While SMEs are not directly mandated, your large corporate clients are — and they will require this data from their supply chain.

The Supply Chain Gap

EcoLink bridges this gap. Our automated reports extract the exact data points your corporate partners need for their AASB S2 disclosures — specifically targeting Scope 3 supply chain emissions. We structure your transaction data into a compliant, audit-ready format, ensuring you remain a preferred vendor for Australia's largest companies without needing to hire a sustainability consultant.

If you supply to Lendlease, BHP, Woolworths, or any large ASX-listed company, they will request your emissions data as part of their own AASB S2 submission. SMEs without a carbon report risk removal from approved supplier lists.

AASB S1 vs AASB S2

AASB S1

General Sustainability Disclosures

Requires large entities to disclose material sustainability-related risks and opportunities that could affect their financial position, performance, and cash flows.

Available on Professional & Enterprise plans.

AASB S2

Climate-Related Disclosures

Requires disclosure of greenhouse gas emissions across Scope 1 (direct), Scope 2 (electricity), and Scope 3 (supply chain). This is the standard most relevant to SME suppliers — and what EcoLink generates automatically.

Included on all plans.

Mandatory Reporting Timeline

Under the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024, entities must meet at least two of three size criteria (revenue, assets, employees) or be NGER registered to fall in each group.

From 1 Jan 2025 (FY 2024–25)Group 1Revenue ≥ $500M · Assets ≥ $1B · Employees ≥ 500 — or an NGER Group 1 / 2 reporter.
From 1 Jul 2026 (FY 2026–27)Group 2Revenue ≥ $200M · Assets ≥ $500M · Employees ≥ 250 — or an NGER reporter below Group 1.
From 1 Jul 2027 (FY 2027–28)Group 3Revenue ≥ $50M · Assets ≥ $25M · Employees ≥ 100.

SMEs below these thresholds are not directly mandated, but will be asked for Scope 3 data by any Group 1–3 customer they supply.

What EcoLink Delivers

  • Scope 1, 2 & 3 emissions breakdown from your Xero transactions
  • Calculated using official NGA 2023–24 factors (DCCEEW)
  • Report structured to AASB S2 disclosure requirements
  • PDF export ready to share with corporate procurement teams
  • Review queue for human sign-off on uncertain classifications
  • Sector benchmarking — see how your intensity compares to peers
Generate your first report free →