An innovative new NAB offering, finalised with $90 million from the Clean Energy Finance Corporation, has made it easier for super funds to back loans for clean energy projects.
Local Government Super has backed a resolution that would require Rio Tinto to examine its links to mining industry associations and another calling on insurer QBE to follow global guidelines on climate risk disclosure.
ANZ has issued a 750-million-euro bond that will direct proceeds to projects that have environmental, social and economic benefits aligning with UN Sustainability Goals.
Investors now use extremely sophisticated tools to assess sustainability performance and risk exposure, according to responsible investment expert Pablo Berrutti.
Westpac's has signalled a multi-billion dollar boost in green bond issuances and 'climate solution' spending, and will impose new constraints on lending for coal power stations and mines.
More than $4 billion has now been raised by Australian companies through climate bonds, following a new $650 million issuance by the Commonwealth Bank.
The Queensland Treasury Corporation has issued Australia's largest green bond, and National Australia Bank says it shows the growing importance of environmental investors.
ANZ has refused requests to finance several coal-fired power plants and a major infrastructure project in the past year because they didn't meet its environmental criteria, says its sustainability report released today.