Three climate resolutions that activist group Market Forces sought to put to Origin's AGM were defeated yesterday, but the group says the level of support was encouraging.
Origin Energy wants activist-sponsored climate resolutions rejected at Wednesday's AGM, but one of the world's largest institutional investors is backing them, and some local funds might follow suit.
Climate change and pollution in leading economies has provided a wake-up call that financial institutions aren't paying enough attention to sustainability risks, according to Brian Cahill of ratings agency Moody's.
One of New Zealand's largest companies today unveiled a green borrowing program that is the largest and most diverse offering ever certified by the Climate Bonds Initiative.
The size of sustainability-themed investments grew to $27.2 billion in 2016, an 18% increase on the previous year, according to a report released today.
NAB, ANZ and Citi are among 11 banks that have agreed to pioneer ways to implement new global recommendations on climate-related financial disclosures.
Investors now use extremely sophisticated tools to assess sustainability performance and risk exposure, according to responsible investment expert Pablo Berrutti.
CDP plans to collect and disclose more environmental data on individual company assets and will encourage businesses to set internal carbon prices that deliver deep emission cuts.