Australia's pure-play fossil fuel companies will face shareholder climate resolutions demanding that they develop plans for the wind-up of their assets.
Top greenhouse gas emitters are failing to properly disclose and manage their supply chain forest and water resource risks, according to an analysis prepared for institutional investors.
US global investment firm KKR has taken a minority stake in Australia's largest carbon offsets company, and former Business Council president Grant King has joined its board.
Woodside shareholders have supported a resolution that would require it to set and disclose targets to reduce scope 1, 2 and 3 greenhouse gas emissions.
The big four banks are all looking at ways to reduce emissions from their investments and lending, with Westpac playing a leading role, a new analysis shows.
Shareholder resolutions filed today with three banks criticise their loans to companies such as Woodside and Whitehaven Coal, and say their TCFD disclosures are inadequate.
The climate stance of the Business Council of Australia will come under intense scrutiny, as a major global investor alliance makes corporate lobbying reform a top priority.