The big four banks are under new pressure from activists to cease financing coal projects that could harm the Great Barrier Reef, while 'Lock the Gate' today sought a NSW Ombudsman's investigation into approval processes for mines.
AMP Capital says its new restrictions on investing in coal and coal-to-liquids companies will have limited practical effect, but show that investors are alert to massive adjustments taking place in the energy sector.
Major Australian companies are making progress in managing supply-chain water risk but still have a long way to go, according to a survey report released today.
Corporate sustainability managers should be aware that institutional investors are taking a close interest in sustainability risks, even if broking analysts often don't ask about them, says the Australian Council of Superannuation Investors.
Former climate change minister Greg Combet today urged institutional investors to take a stand against companies that try to avoid action on climate change.
Global investors with more than $3 trillion under management have asked 45 companies - including BHP Billiton, Rio Tinto, BP and Xstrata - to explain how they are planning for an 80% reduction in fossil fuel emissions by 2050.