A new survey shows a dramatic increase in the importance that institutional investors put on environmental disclosures, and the result should prompt companies to rethink how they report, says consultancy EY.
Prompted by a review of the coal seam gas industry, the NSW Government will develop an online portal providing easy public access to a vast array of environmental data held by state agencies.
BP has acceded to shareholder demands for greater disclosure of its carbon risks, while an Australian super fund has backed efforts to secure a US investigation of reporting by Chevron and ExxonMobil.
Sydney Airport's inaugural sustainability report says it will conduct a climate variability assessment this year, while Newcrest's latest report says it has 'far exceeded' regulatory requirements at its Telfer mine.