The federal body that prepares Australian accounting standards intends developing sustainability-related standards, and will use draft international versions as a starting point.
Oz Minerals' new decarbonisation roadmap reveals how it will reach its new targets of halving scope 1 emissions by 2027, and achieving net-zero operational emissions by 2030.
Impending new ESG disclosure standards, and the possibility that some might become Australian accounting standards, make it important for all companies to review their ESG reporting practices, according to EY partner Terence Jeyaretnam.
Only one Australian company has received an A rating from CDP for its climate change transparency and performance, and two of last year's poor performers have dropped out altogether.
Companies need to ensure their statements about climate change and ESG aren't misleading, ASIC warned today, while a new survey shows many directors remain unconcerned about climate risk.
Investors are preparing to launch a nature equivalent of the powerful global Climate Action 100+ alliance, and have warned Australian companies that their biodiversity disclosures are inadequate.
GrainCorp is investigating building solar farms on some of its land, and sees potential in plant-based proteins and seaweed animal feeds, according to its latest sustainability report.