Is your company’s revenue over $200 Million, assets over $500 Million, or workforce over 250 employees?? The countdown to ASRS compliance has begun!

If your company falls under Group 1, you’re likely already gearing up for your first report, with the compliance deadline fast approaching. Group 1 companies must act quickly to meet this immediate deadline, as compliance will require significant preparation, data collection, and process adjustments to ensure accurate and comprehensive reporting. Envizi can support Group 1 companies by streamlining data management and automating reporting processes to meet this critical requirement.

For Group 2 companies, the ASRS reporting deadline is set for July 2026—which might sound like plenty of time. However, deadlines have a way of sneaking up, and early preparation is key to a smooth transition. Starting now will allow Group 2 companies to put the right tools and processes in place, so they can avoid the last-minute rush and ensure they’re fully prepared. Envizi is here to make this process efficient with features like data consolidation and automated reporting, setting both Group 1 and Group 2 companies up for success in the new era of sustainability reporting.

Are you in Group 1 or Group 2? Here’s how to check

To determine whether your company falls under Group 1 or Group 2 for ASRS compliance, check the following criteria:

Group 1 Criteria

Companies in Group 1 are large entities with substantial resources and are required to comply with ASRS by January 2025. If your company meets at least two of the following thresholds, you fall into Group 1:

• Annual Revenue: Above $500 million
• Gross Assets: Over $1 billion
• Employee Count: 500+ employees

This group includes NGER (National Greenhouse and Energy Reporting) reporters exceeding the publication threshold, signalling the need for advanced reporting readiness for climate-related disclosures.

Group 2 Criteria for ASRS Compliance

Companies in Group 2 are medium-to-large entities expected to comply with ASRS from July 2026. If your company meets at least two of the following criteria, you fall into Group 2:

• Annual Revenue: Above $200 million
• Gross Assets: Over $500 million
• Employee Count: 250+ employees

This group also includes additional NGER reporters and asset owners with $5 billion or more in assets under management (AUM).

With these criteria, both Group 1 and Group 2 companies can identify where they stand and understand the urgency of preparing for their respective deadlines. ASRS standards bring new challenges, but they also provide a structured framework for managing climate and sustainability reporting.

And it doesn’t stop there, Group 3 will be required to report from 2027!

Why early preparation is essential for ASRS compliance

ASRS compliance isn’t just about meeting a deadline. It’s about building the right systems and processes for effective, ongoing sustainability reporting. Here’s why starting early is crucial:

• Complex Data Requirements: ASRS demands extensive data on climate risks, emissions, and sustainability metrics. Starting now allows companies to build or enhance data systems to ensure accuracy and organisation.
• Leadership and Staff Training: Compliance requires buy-in from leadership and knowledge across teams. Early preparation includes training key staff on ASRS requirements and fostering a culture committed to sustainability.
• Minimising Last-Minute Pressure: As the deadline approaches, companies that have delayed preparation will face increased stress. Early action reduces the need for a last-minute scramble, enabling a more organised approach to compliance.
• Aligning ESG Goals with ASRS: Early preparation helps integrate ESG and sustainability goals within the ASRS framework, allowing companies to meet regulatory standards while gaining a competitive edge in the market.

How Envizi simplifies ASRS compliance for companies

Preparing for ASRS requirements can be challenging, but powerful tools like Envizi make it easier. Envizi is designed to handle the complexities of sustainability reporting, streamlining the entire process. Here’s how it helps:

• Centralised Data Collection: Envizi consolidates all ESG data into a single system, collating data from various sources to create a comprehensive view and reducing the need for manual data collection.
• Automated Reporting and Tracking: Envizi automates tracking for emissions and climate metrics, minimising manual work and improving data accuracy. Pre-built templates aligned with ASRS requirements and other frameworks, make reporting straightforward and reliable.
• Real-Time Insights and Compliance Monitoring: With dynamic insights to your data, Envizi allows companies to monitor ASRS goals, identify gaps early, and make informed, data-driven decisions.
• Efficient Scope 1, 2, and 3 Emissions Management: Tracking Scope 1, 2, and 3 emissions can be complex, but Envizi simplifies this process to meet ASRS standards, helping companies reach emissions targets and maintain transparency.

Why ISW is the perfect partner to support your ASRS compliance with Envizi

When it comes to ASRS compliance, having the right partner is as crucial as having the right tool. ISW is uniquely positioned to guide your organisation through the ASRS compliance process with ease.

ISW combines technical expertise and regulatory insight to ensure that Envizi is deployed to its full potential and tailored to your organisation’s specific needs. We work closely with you to set up, integrate, and optimise Envizi within your systems, offering continuous support as compliance requirements evolve.

If you have questions about ASRS legislation or need guidance on preparing your company for the new requirements, contact us today. Visit ISW to learn more about how Envizi can help you achieve your ESG goals and ensure ASRS compliance.