Efforts by the US to mandate scope 3 reporting might not succeed, but the number of Australian companies setting scope 3 targets will increase, says a new Commonwealth Bank analysis.
NAB has assessed the decarbonisation efforts of 58% of its 100 largest greenhouse gas emitting customers, with transport proving to be the worst performing sector.
Businesses are taking advantage of a broad array of sustainability-themed financial products and investors are keen to be involved, according to Commonwealth Bank experts.
A powerful investor climate change alliance has identified cement company Adbri as a particularly poor performer, and says both Adbri and Woolworths have gone backwards in their approach to policy engagement.
Company climate transition plans should include comprehensive details on abatement projects and any use of offsets, according to a new report from the Investor Group on Climate Change.
The final version of APRA's advice on managing climate risk says banks, investors and insurers should consider setting targets to limit their climate-related exposures.