Impending new ESG disclosure standards, and the possibility that some might become Australian accounting standards, make it important for all companies to review their ESG reporting practices, according to EY partner Terence Jeyaretnam.
Only one Australian company has received an A rating from CDP for its climate change transparency and performance, and two of last year's poor performers have dropped out altogether.
Companies need to ensure their statements about climate change and ESG aren't misleading, ASIC warned today, while a new survey shows many directors remain unconcerned about climate risk.
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.
GrainCorp is investigating building solar farms on some of its land, and sees potential in plant-based proteins and seaweed animal feeds, according to its latest sustainability report.
In a shift that will have ramifications for many of its customers, Westpac has signalled the management of nature-related risks is an issue of rising concern.
Sales of Brickworks' carbon neutral-certified bricks grew significantly in FY21, and its fossil gas efficiency has improved markedly, according to its latest sustainability report.