A new project backed by global investors is rating companies on how well they are structuring their business to achieve the Paris Agreement goal of keeping warming well below two degrees.
ANZ has refused requests to finance several coal-fired power plants and a major infrastructure project in the past year because they didn't meet its environmental criteria, says its sustainability report released today.
Companies with high scores for governance are likely to deliver shareholders better returns, but a good environmental score doesn't have a discernible link to share price, says a new Macquarie analysis.
A KPMG analysis indicates that many companies have misinterpreted or ignored ASX advice on sustainability disclosure, and investors are starting to put pressure on companies that fail to clearly report their risks.
NAB, by far Australia's biggest agribusiness lender, is adjusting its credit risk assessment procedures to take into account how farmers manage natural capital, according to the bank's chairman, Ken Henry.