Most of ANZ's top-emitting customers have emissions targets or long-term climate plans in place, but many haven't yet adopted good climate-risk disclosure practices, according to a new bank update.
A big industry super fund will make its fund carbon neutral by 2050, as part of a settlement with a member who argued it hadn't properly informed him about its management of climate risk.
ANZ has almost completed a two-year outreach to 100 of its top-emitting customers, and will apply lessons learnt from the process to its dealings with smaller emitters.
Sixteen institutional investors, two of them owned by state governments, have founded a new Climate League that aims to put Australia on track to cut 2030 emissions to 45% below 2005 levels.
Global fund manager IFM, which has A$159 billion under management, today committed to achieving net zero emissions across all its asset classes by 2050.
Australia will miss out on $43 billion of private investment in nature-based abatement and clean technology over five years, unless the nation's emissions goals are strengthened, concludes a new economic analysis.
The TCFD climate risk disclosure regime has had a ripple effect on finance sector carbon targets, and there are three actions that would further add to its impact, says a new report.
A new UN-backed alliance has formed to develop a TCFD-style approach to disclosing impacts and dependencies on nature, and an Australian investor group says companies should start reviewing existing disclosures now.