Australia steps closer to mandatory climate reporting August 29th, 2024 The Australian senate has passed a bill to introduce mandatory climate reporting for large and medium-sized companies as part of the government’s sustainable finance strategy. Senators voted 34-25 to support the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, which will require […]
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PRI, ACSI and ASFI call for focus on social factors in sustainability guidance August 16th, 2024 Investor groups have urged the Australian Competition and Consumer Commission (ACCC) to include social factors in its draft guide to sustainability collaborations. The draft guidance outlined that the ACCC is open to authorising competition law exemptions for financial institutions […]
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Australia proposes new law on climate reporting February 5th, 2024 The Australian government has proposed a new law to establish a climate risk disclosure framework, introducing new reporting requirements for companies. The draft legislation amends the Australian Securities and Investment Commission Act 2001 and the Corporations Act 2001 to introduce standardised climate-related reporting requirements. The […]
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Woodside Energy has withstood investor backlash against inadequate climate policies at this year’s AGM.
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More investors sell their shares in Adani Group as the firm continues to use green money to finance one of the world’s largest coal mines.
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Market Forces say the time has come for investors to publicly withdraw capital from Santos over its “climate failure”
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ASIC issues greenwashing guidelines June 16, 2022 ASIC introduces guidelines to prevent greenwashing The Australian Securities and Investments Commission (ASIC) has introduced a set of guidelines to prevent large funds from greenwashing. In order to prevent greenwashing, ASIC’s guidelines ask that issuers of products, including superannuation fund trustees and responsible entities of managed funds, use […]
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Environmental, social and governance (ESG) issues are increasingly at the forefront of debate in the Australian market and 2021’s AGM season proved no exception.
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The Australian government has introduced a new regulation to reform proxy voting advice services.
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The Australian Prudential Regulation Authority (APRA) has opted not to include mandatory climate risk disclosures in new guidance for the country’s financial services sector.
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