New research from global business software company SAP has revealed that 86% of Australian organisations see a positive connection between sustainable business actions and profitability, but a lack of reliable data to measure ROI is holding back investment decisions.
NAB has assessed the decarbonisation transition of 86% of its largest greenhouse gas emitting customers, with the transport and supporting infrastructure sector still proving to be the worst performing sector.
In a move designed to lure international investment into Australian sustainability initiatives, the Commonwealth Bank is now offering ESG-labelled term deposits denominated in foreign currencies.
Investors are preparing to launch a nature equivalent of the powerful global Climate Action 100+ alliance, and have warned Australian companies that their biodiversity disclosures are inadequate.
After last year becoming the first buyer of Reef Credits, HSBC bank has teamed with the Nature Conservancy Australia to plan the world's first issuance of a nature-focused "blue bond".