South32 will this year do a gap analysis to assess its readiness for the TNFD nature risk disclosure framework, and acknowledges two of its major facilities face significant challenges in reducing emissions.
ASX-listed clean energy metals company IGO Pty Ltd now uses a $60 internal carbon price, and has examined the business impact of no longer receiving fuel tax credits, says its latest sustainability report.
Dexus and Stockland have reported significant progress in cutting operational emissions, and are now targeting scope 3 emissions, according to their latest annual reports.
BHP now tests all major capital allocation decisions using a 1.5 degree scenario, and has discovered that less than a third of its suppliers have emissions targets aligned with its own.
Reporting standards under development by the International Sustainability Standards Board will entirely transform ESG governance, even in the most mature of ESG reporters, according to EY partner Terence Jeyaretnam.
The Australian Institute of Company Directors says board members will need additional legal protections to comply with new global climate and sustainability reporting standards.
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.