Westpac is well advanced on developing its own criteria for assessing what constitutes sustainable finance ahead of the imminent release of the Australian Sustainable Finance Institute’s draft guidelines.
In a move designed to lure international investment into Australian sustainability initiatives, the Commonwealth Bank is now offering ESG-labelled term deposits denominated in foreign currencies.
Energy and Emissions Reduction Minister Angus Taylor has highlighted spending on regional energy infrastructure hubs, in a Budget that delivers little new climate or environmental funding.
One of Australia's largest carbon offsets companies has won a federal grant to investigate the drought resilience benefits of landscape-based activities that store carbon.