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.
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.
A new 10-year strategy developed by Australia's finance sector recommends making both climate risk and sustainability reporting mandatory for listed companies.
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.
ANZ discussed low-carbon transition planning with 29 of its big-emitter customers and found they have plenty of room to improve, the bank's latest climate disclosure report shows.
NAB says climate change will result in credit rating adjustments, and by 2020 the bank will complete credit risk policy reviews for carbon-intensive and climate-sensitive sectors.
One of Australia's largest super funds says it's comfortable investing in Aurizon and APA Group, even though their revenue largely comes from fossil fuels.
Local Government Super has backed a resolution that would require Rio Tinto to examine its links to mining industry associations and another calling on insurer QBE to follow global guidelines on climate risk disclosure.