climate reporting

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 …

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The Australian Competition and Consumer Commission or ACCC, an independent authority of the Australian government.

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

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climate risk

Major companies falling short on nature assessments

August 14th, 2024


The majority of companies are failing to evaluate and measure their impact and dependence on nature.

The World Benchmarking Alliance (WBA) Nature Benchmark, which assesses more than 800 companies, …

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Greenwashing

Mercer faces $11.3m penalty over greenwashing

Augusr 7th, 2024


The Australian Securities and Investments Commission’s (ASIC) case against Mercer Superannuation (Australia) has led to the Australian Federal Court fining the firm $11.3 million.

In the landmark case, ASIC’s first …

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Detached concept and disconnected symbol as two different ropes tied and linked together as a breaking chain and losing trust or faith metaphor as separation and divorce or broken relationship.

ACCR cuts ties with Rio Tinto after anti-climate lobbying

August 1st, 2024


The Australasian Centre for Corporate Responsibility (ACCR) has disengaged with mining company Rio Tinto following negative advocacy.

ACCR announced it would no longer work with the company to …

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ESG

Pension schemes too focused on minimum ESG requirements

August 1st, 2024


The Pensions Regulator (TPR) found that many pension trustees are only delivering on the minimum requirements for the ESG duties.

The UK regulator’s Market Oversight: ESG report found that …

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climate risk

Action on climate needed for global equity values

July 24th, 2024


Climate risk has a significant impact on global equity valuations and aggressive policies are needed to reduce losses, according to research from EDHEC-risk climate impact institution.

The study, “…

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FRC Logo

FRC releases major update to UK Stewardship Code

July 22nd, 2024


The Financial Reporting Council (FRC) has published significant revisions to the UK Stewardship Code application process.

The regulator has also announced that it has identified five priority areas of …

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CalPERS

CalPERS reinforces commitment to shareholder engagement

July 19th, 2024


The California Public Employees’ Retirement System (CalPERS) has reasserted the importance of shareholder rights following ExxonMobil’s AGM.

Speaking at the Investment Diversity Exchange conference, CalPERS’ CEO Marcie Frost said its rift …

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TNFD nature-related disclosures

SBTN publishes updated guidance for nature targets

July 18th, 2024


The Science Based Targets Network (SBTN) has released amended guidance and a new corporate manual with updated advice for companies.

The updated technical guidance and enabling materials emphasised the importance …

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