FS Sustainability

ACCU demand to rise with Climate Active certification: CBA

RACHEL ALEMBAKIS  |    7:02PM   Australian businesses pursuing voluntary government certification for climate targets are expected to further drive the use of Australian Carbon Credit Units (ACCUs), according to Commonwealth Bank.

Government launches review of Safeguard Mechanism

RACHEL ALEMBAKIS  |    6:25PM   The federal government has launched a review of the Safeguard Mechanism as part of its overall policy to reduce Australia's carbon emissions by 43% by 2030.

APRA releases climate risk assessment results

RACHEL ALEMBAKIS   Almost 40% of banks, insurers and superannuation funds say climate-related events could have a "material or moderate impact on their direct operations," according to the Australian Prudential Regulation Authority (APRA).

ESG product definitions a matter for legislation: ASIC

RACHEL ALEMBAKIS   The Australian Securities and Investment Commission believes that standard definitions of ESG products and investments should be set by legislation.

Companies lag on digital transformation: Governance Institute

RACHEL ALEMBAKIS  |    6:13PM   More than a fifth of organisations across a range of industries are not undertaking a digital transformation, despite the rapid acceleration in the use of technology spurred by the COVID-19 pandemic, the Governance Institute has found.

Pact Group commits to reducing emissions 50% by 2030

RACHEL ALEMBAKIS   Pact Group has set a target of reducing its greenhouse gas emissions in Australia and New Zealand by 50% by 2030.

SGCH publishes first impact report

RACHEL ALEMBAKIS   SGCH, NSW's largest community housing provider, has published its first impact report for investors and other stakeholders and prioritised three Sustainable Development Goals that align to its work.

Banksia Foundation National Awards highlight sustainable innovation

RACHEL ALEMBAKIS   An organisation that uses wool waste as a sustainable packaging alternative to polystyrene plastic has taken out the Gold Banksia Award at the 33rd annual Banksia National Sustainability Awards.

Podcast: Uncovering corporate modern slavery risk with Clare Bartram

RACHEL ALEMBAKIS  |    6:20PM   In this episode of The Greener Way, we speak with Clare Bartram an ESG specialist on modern slavery at ISS ESG on where companies have risk to modern slavery, why it matters for investors and the outlook for enhanced regulation and investor engagement.

Varying levels of progress on modern slavery: IAST APAC

RACHEL ALEMBAKIS   APAC-based companies are at various stages of tackling modern slavery, from those coming to grips with the issue to those who are making progress in finding, fixing and preventing modern slavery in their operations and supply chains.

ASX300 upping the ante on ESG reporting: Melior

RACHEL ALEMBAKIS  |    6:16PM   ASX300 companies are taking action on carbon intensity and net zero targets while showing only incremental improvements on social indicators like gender diversity on boards and executive leadership teams, according to Melior Investment Management.

BlackRock in $1bn capital commitment to battery storage

RACHEL ALEMBAKIS  |    5:52PM   BlackRock Real Assets will acquire on of Australia's leading battery energy storage systems and renewable energy developers as part of a more than $1 billion capital commitment.

LGT Crestone hires head of sustainability

RACHEL ALEMBAKIS   LGT Crestone Wealth Management has hired Amanda MacDonald as the head of sustainability.

UniSuper sustainability exec departs for Vanguard

RACHEL ALEMBAKIS   UniSuper governance and sustainability manager Sybil Dixon is departing the fund after 14 years to join Vanguard.