TPG24-33 Reporting framework for climate-related financial disclosures
This reporting framework sets out the minimum content requirements for the mandatory climate-related financial disclosures for an entity. It also provides suggestions on how entities should approach their disclosures.
Issued: 29 October 2024 by Treasury
Key information
- Status
- Active
- Type
- NSW Treasury Policy and Guidelines Paper
- Identifier
- TPG24-33
- Compliance
- Mandatory
Who needs to know and/or comply with this?
- Advisory Entities (including Boards and Committees)
- Councils under the Local Government Act
- Departments
- Executive agencies related to Departments
- Separate agencies
- State Owned Corporations
- Subsidiaries of the NSW Government established under the Corporations Act
About
This reporting framework sets out the minimum content requirements for the mandatory climate-related financial disclosures for an entity. It also provides suggestions on how entities should approach their disclosures.
The framework outlines the first step to achieve more comprehensive climate-related financial disclosures. This framework is primarily based on the Australian Accounting Standards Board (AASB)’s Australian Sustainability Reporting Standard (ASRS) – AASB S2 Climate-related Disclosures. For the purpose of this reporting framework, the title of ‘ASRS’ is adopted to refer to relevant Australian disclosure standards.
At this point, the NSW Government does not require entities to fully align with the ASRS. Implementation of this reporting framework will help test the application of the ASRS to the circumstances of NSW entities.
Minor updates were made to TPG24-33 in June 2025. The updated reporting framework now applies to both the first and second years of climate-related financial disclosures, including phase 1 entities' 2024-25 disclosures.