AASB S2 Metrics & Targets: What to Report in Year One

Zach Greening, Director of NettZero Carbon Advisory, walks through every requirement in the AASB S2 metrics and targets section — scope 1 and 2 calculations, organizational boundaries, transition relief provisions, absolute vs intensity targets, and what audit-ready disclosure actually looks like. Real examples from Pepper Money, Viva Energy, and AMP show what strong and weak disclosures look like in practice. Download the free metrics and targets template linked below — it maps directly to paragraphs 27–30 of the standard. 🔗 Try NetNada: https://www.netnada.com/ Download the template: https://www.netnada.com/resources Questions:   / netnada   TIMESTAMPS: 0:00 – Intro overview 3:05 – What AASB S2 actually says (para 27–35) 3:48 – S2 is a risk disclosure standard, not a sustainability report 5:22 – Methodology is a co-equal requirement 6:09 – Targets create an annual accountability obligation 7:20 – What you must report in year one 8:33 – Scope 3 deferral — why you still need to plan now 9:30 – Transition relief: what you can and can't defer 10:39 – Organisational boundary: operational control vs equity share 13:05 – Scope 1 explained 14:11 – Scope 2: location-based vs market-based 16:53 – Q&A: common scope 3 misclassification mistakes 18:47 – Do you need a target? 20:32 – Absolute vs intensity targets — the 7 disclosure elements 22:16 – Progress disclosure: report even if you're going backwards 23:20 – Science-based & Paris-aligned targets 24:17 – Q&A: scope 1, 2 & 3 targets 27:11 – Intensity targets graph walkthrough 28:52 – Internal carbon price & remuneration linkages 30:45 – What good disclosure looks like 32:29 – Q&A: combining targets & using offsets 34:33 – Case study: Pepper Money 39:28 – Q&A: do investors expect a target? 41:56 – Case study: Viva Energy 46:08 – Case study: AMP 51:15 – Key takeaways 51:56 – Action items 54:09 – Template walkthrough 54:54 – Q&A wrap-up & closing