The government has today announced its plan to introduce a standardised, internationally-aligned climate risk reporting framework for business to ensure investors have the transparency needed to manage climate risks.
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.
There are now 23 of the 187 companies in the ASX 200 that have committed to long-term net zero targets for scope 1, 2 and 3 emissions aligned with the 1.5°C goal of the Paris Agreement, according to the latest analysis from Climateworks.
Big engineering group Civmec saw large rises in its scope 1 and 2 emissions in FY22, following a sharp increase in fabrication workload compared with the Covid-affected previous year.
New research from global business software company SAP has revealed that 86% of Australian organisations see a positive connection between sustainable business actions and profitability, but a lack of reliable data to measure ROI is holding back investment decisions.
Tasmania and the ACT are leading the way in reducing transport sector emissions while WA and the Northern Territory had substantial increases over the past 10 years, according to a new report from the Climate Council.
Increased production from Orica’s Yarwun ammonium nitrate plant pushed the facility over its Safeguard baseline, and required the company to surrender 60,000 ACCUs during the year to meet compliance, the company said in its Climate Action Report.
Syngenta Australia’s Somersby vegetable seed warehouse has become the first cold store facility to receive a 6-star NABERS energy rating after introducing a range of sustainability initiatives.