Lessons from a Group 1 Company: Preparing for Mandatory Climate Reporting (ASRS S2)
Featuring Lorelei Nieves, CFO at SEE Group (Group 1 ASRS Reporting Entity)
Many organisations preparing for AASB S2 are asking the same question:
What will “good enough” actually look like when Group 1 entities report?
Australia’s new climate reporting standards represent one of the most significant changes to corporate reporting in decades. With Treasury estimating implementation costs between $750,000 and $1.6 million, many finance leaders are navigating how to meet the requirements without over-engineering the process.
At this invite-only executive breakfast, you’ll hear directly from Lorelei Nieves, CFO of SEE Group, a large and complex Group 1 organisation already preparing its first AASB S2 disclosure.
Lorelei oversees financial reporting, governance and audit oversight, and has been leading the organisation’s climate disclosure work. She will share how her team approached the process in practice, including:
• Getting started early without over-engineering the work
• Tackling Scope 3 emissions across a complex supplier base
• Preparing disclosures that will stand up to audit and assurance
Lorelei will be joined by Rachael Brock (ex-KPMG), Trace’s climate reporting lead, who will share practical ways organisations are simplifying compliance, reducing manual work and keeping year-one reporting proportionate.
For organisations seeking the most efficient, credible path forward, Minimum Viable Compliance (MVC) provides a practical answer. Developed by Trace, MVC focuses on what’s truly required for Year One compliance, removing unnecessary effort and complexity while building capability for more strategic reporting over time.
At the heart of MVC is AI. Climate reporting requires hundreds of hours of work, but much of it can be automated. Whether it’s mapping emissions factors across your operations or generating an initial draft of your climate risk assessment, AI can remove manual, repetitive tasks and free teams to focus on analysis, decision-making, and driving real business impact. But can this approach withstand auditor scrutiny and meet assurance requirements?
Our previous executive breakfasts in Sydney and Melbourne were oversubscribed, with leaders from organisations including Eucalyptus, JCDecaux, Sky News, The Iconic and Wotton Kearney joining the discussion.
This session is designed for senior leaders in finance, legal, risk and ESG who want a practical understanding of what AASB S2 implementation looks like in practice.
Places are limited to maintain a small, peer discussion.
Enjoy excellent coffee, a proper breakfast, and insights from leaders already working through their first climate disclosure.
Please register by 16 March to secure your seat.