A total of 95 companies in the ASX200 have made some form of net-zero pledge, up from just 49 in March last year, according to the Australian Council of Superannuation Investors.
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.
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.