---
title: "Scenario-analysis record for the climate statements (Corporations Act s 296D)"
url: "https://ailawframework.com/precedents/climate-esg-and-sustainability-reporting/scenario-analysis-record"
type: "precedent"
site: "AI Law Framework"
id: "a48-scenario-analysis-record"
area_id: "A48"
kind: "checklist"
ai_level: "yellow"
version: 1
task_ids: ["A48-X20260927-3"]
law_stated_as_at: "2026-10-22"
---

# 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.

Canonical page: https://ailawframework.com/precedents/climate-esg-and-sustainability-reporting/scenario-analysis-record  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [Climate, ESG & Sustainability Reporting](https://ailawframework.com/precedents/climate-esg-and-sustainability-reporting.md)
- Jurisdictions: Australia, Commonwealth
- AI level: Yellow. You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the 2 authorities it cites, for Australia and Commonwealth.

## 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

- [Build the scenario-analysis record for the climate statements](https://ailawframework.com/practice/climate-esg-and-sustainability-reporting/build-the-scenario-analysis-record-for-the-climate-statements.md)

## 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

## Authorities

- [Corporations Act 2001 (Cth) s 296D(2A) and (2B) (a required scenario analysis is taken not to satisfy s 296D(1) unless it uses both of the temperature scenarios tied to Climate Change Act 2022 s 3(a)(i) and (ii))](https://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s296d.html)
- [ASIC, What should your sustainability report contain? (AASB S2; the two scenarios ASIC states are currently 1.5°C and well exceeding 2°C above pre-industrial levels)](https://www.asic.gov.au/regulatory-resources/sustainability-reporting/for-preparers-of-sustainability-reports/what-should-your-sustainability-report-contain)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/climate-esg-and-sustainability-reporting/scenario-analysis-record and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*