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.
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.
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.
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.