The Australian Sustainable Finance Institute has released its recommendations for the development of an Australian Sustainable Finance Taxonomy to guide public company reporting of climate impact and sustainability initiatives.
If the world acts to keep warming below two degrees, average international carbon prices are likely to be between US$50 and US$80 a tonne by 2030, says a new analysis from BHP Billiton.
BP has acceded to shareholder demands for greater disclosure of its carbon risks, while an Australian super fund has backed efforts to secure a US investigation of reporting by Chevron and ExxonMobil.
Banks and investors no longer automatically accept proponent and government assurances on environmental risk, and are now increasingly doing their own risk analysis on finance for major projects, according to the Investor Group on Climate Change.
A new Australian Conservation Foundation report says the nation's big four banks can't finance Galilee Basin coal projects while meeting their obligations under the Equator Principles.