Companies will be under more pressure to inform investors of their environmental risk management strategies, under proposed changes to ASX corporate governance guidelines.
Activist Bill McKibben had some useful messages for institutional investors at a Sydney meeting, according to the Investor Group on Climate Change, while Greens Leader Christine Milne says it's time for the Future Fund to exit fossil fuels.
Banks can be 'agents of change' and environmental regulators can help them better manage risk in their dealings with clients, according to WA EPA chair Paul Vogel.
Fewer ASX200 companies are concerned about carbon price risk and more are taking action on energy efficiency, says a new Carbon Disclosure Project analysis that praises companies including Qantas, Virgin Australia, Wesfarmers and Woolworths for improved information sharing practices.
Assisted by senior regulators, a new association of bankers and investors plans to develop finance industry guidelines to ensure lenders properly scrutinise the environmental credentials of projects seeking funding.
Australian and international investor groups have demanded that oil and gas companies demonstrate that they are effectively controlling fugitive methane emissions, and they want intensive gas users to exert pressure as well.
Three Australian banks are listed in a new global carbon performance leadership index prepared by the prestigious Carbon Disclosure Project, while a regional report due out in November will detail how the ASX200 and NZ50 are faring.
There is still a tendency to indulge in 'trophy cabinet' reporting on sustainability and climate change, despite dramatic improvements in the quality of reporting, says Colonial First State's Amanda McCluskey.
Meanwhile, the Carbon Disclosure Project sets out best practice measures to encourage supply chain reporting of emissions and carbon strategies.