A new 10-year strategy developed by Australia's finance sector recommends making both climate risk and sustainability reporting mandatory for listed companies.
Most of ANZ's top-emitting customers have emissions targets or long-term climate plans in place, but many haven't yet adopted good climate-risk disclosure practices, according to a new bank update.
ANZ discussed low-carbon transition planning with 29 of its big-emitter customers and found they have plenty of room to improve, the bank's latest climate disclosure report shows.
NAB says climate change will result in credit rating adjustments, and by 2020 the bank will complete credit risk policy reviews for carbon-intensive and climate-sensitive sectors.
One of Australia's largest super funds says it's comfortable investing in Aurizon and APA Group, even though their revenue largely comes from fossil fuels.