Former Liberal leader John Hewson and ex-ACTU president Sharan Burrows are among those behind a new global campaign that says super funds are largely 'dodgers, stallers, tricksters and pleasers' on climate change, with Hewson accusing funds of hypocrisy for backing corporate transparency through the Carbon Disclosure Project but evading scrutiny of their own actions.
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.
NAB is co-founding a global initiative to ensure banks and businesses properly value ecosystem services in their decision-making, accounting and reporting.
ASX100 companies match their European counterparts on board level engagement on climate change, but lag well behind in setting emissions reduction targets, according to a Carbon Disclosure Project report released today.
Growing investor nervousness about carbon exposure is driving Standard & Poor's efforts to incorporate carbon risk analysis into all its credit ratings, with the roll-out beginning next year, says the agency's head of global carbon markets, Michael Wilkins.
CE Daily trawls through Carbon Disclosure Project responses, released in New York overnight, and looks at how Australian companies are gearing up for the new climate policy regime. Plus, which companies responded – including Boral, AMP and News Corporation – and which didn't – including Nufarm, St George Bank and Fairfax.
Many bilateral investment agreements and free trade agreements give foreign investors broad powers to seek compensation for legislative changes – and these could prove a major global stumbling block to efforts to introduce climate change legislation, according to lawyer and academic Kate Miles.
