A new report from the Australian Industry Energy Transition Initiative (ETI) says Australia's biggest emitting sectors will be able to reduce their emissions by 92% by 2050 if the nation doubles its electricity generation and invests in renewable hydrogen.
A key plank of BlueScope Steel’s plans to decarbonise its steel making business is on hold until the Federal Government finalises its Safeguard Mechanism, the company said today.
This year's Global 100 rankings of the most sustainable corporations has revealed an ongoing correlation between environmental business and high returns, with Australian logistics operator, Brambles continuing its climb up the table despite increasing competition.
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.
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.