ASX-listed clean energy metals company IGO Pty Ltd now uses a $60 internal carbon price, and has examined the business impact of no longer receiving fuel tax credits, says its latest sustainability report.
Company boards and senior executives are rapidly lifting their focus on ESG performance, which has become a key factor in gaining access to capital, according to Raj Aseervatham of risk and governance consultancy Corporate Integrity.
Dexus and Stockland have reported significant progress in cutting operational emissions, and are now targeting scope 3 emissions, according to their latest annual reports.
BHP now tests all major capital allocation decisions using a 1.5 degree scenario, and has discovered that less than a third of its suppliers have emissions targets aligned with its own.
Reporting standards under development by the International Sustainability Standards Board will entirely transform ESG governance, even in the most mature of ESG reporters, according to EY partner Terence Jeyaretnam.
The Council representing Australia's four top financial regulators has given "in-principle support" for the local adoption of global sustainability and climate disclosure reporting standards.