Checklist · Climate, ESG & Sustainability Reporting
Scenario-analysis record for the climate statements (Corporations Act s 296D)
Working record that climate-related scenario analysis used the two temperature scenarios section 296D requires, with the sources and the sign-off kept off the face of the climate statements.
- Kind
- Checklist. Steps or checks to work through and tick off.
- Where it applies
- Australia, Commonwealth
- AI use
- Yellow You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at
- 22 October 2026
- Status
- Maintained. Checked on 22 October 2026 against the 2 authorities it cites, for Australia and Commonwealth.
- Version
- 1
- Source
- Written for this library
When to use it
Use while the sustainability report is being prepared, where the sustainability standards require a scenario analysis or information drawn from one. It is the working record. It is not the climate statements.
Used for these tasks
Each task page says how far AI may help with the task and what the lawyer must review.
How AI may be used
AI may file the model outputs and source names into the record. It must not write the resilience narrative that will appear in the climate statements.
AI may
- List model runs, dates, data sources and who ran them, from the working papers
- Check that two scenarios are named and flag a record that names only one
- Cross-refer the record to the paragraph of the draft climate statements that the lawyer identifies
AI must not
- Must not draft sentences for the climate statements or the directors' declaration
- Must not state that the analysis meets AASB S2 or s 296D
- Must not choose the scenarios or change a temperature figure
The lawyer checks
- Section 296D(2B) is read in full, and both scenarios required by that subsection are the ones used
- The temperature figures match Climate Change Act 2022 s 3(a) as it stands. ASIC's page, opened on 22 October 2026, states the current figures as 1.5°C and well exceeding 2°C
- AASB S2, which ASIC says was made under s 336A(1), is applied to the content of the analysis. This record does not replace that standard
- No sentence from a tool is copied into the sustainability report
Method: how the Green, Yellow and Red levels are decided. This is guidance for planning, not legal advice.
Read the full text
The full text is available after you log in. It is free. When you log in you can:
- read the whole precedent, with its drafting notes beside it;
- copy it, or download it as a Word file or Markdown;
- add it to your firm’s knowledge base, so colleagues can find it;
- let the AI tools you connect read it from that knowledge base.
The summary, the law it rests on and the AI-use guidance above stay public. Privacy.
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