Reporting standards under development by the International Sustainability Standards Board will entirely transform ESG governance, even in the most mature of ESG reporters, according to EY partner Terence Jeyaretnam.
The Council representing Australia's four top financial regulators has given "in-principle support" for the local adoption of global sustainability and climate disclosure reporting standards.
The Australian Institute of Company Directors says board members will need additional legal protections to comply with new global climate and sustainability reporting standards.
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.
Lion is partnering with Visy and Coles to tackle scope 3 emissions, and produced a terrible "torched earth" beer, as well as a popular "green" pale ale, to highlight the need for climate action, says its new sustainability report.
Businesses including Woodside, Lion, Boral, and Fortescue have for the first time disclosed their progress towards meeting climate change goals, in new reports released by the Clean Energy Regulator.