Provide an analysis of how Commbank will comply with Australian Sustainability Reporting Standards ASRS1 and ASRS2 for the 2024 financial year. (This may be considered as a first-time adoption of an accounting standard AASB 1.

More information on ASRS 2, [Draft] Australian Sustainability Reporting Standard ASRS 2 Climate-related Financial Disclosures.

The AASB has issued an exposure draft in October 203 for ASRS 1 and ASRS 2. The expectation is for top-tier companies the AASB standards ASRS1 ASRS 2 will be required for the financial year 2024/2025.

referencing

AASB Sustainability Reporting Exposure Draft ED SR1 October 2023 Australian Sustainability Reporting Standards - Disclosure of Climate-related Financial Information