Editor's Choice

Companies call for certainty around climate disclosures

RIDDHIMA TALWANI
Industry participants are calling for more certainty when it comes to climate disclosures, with one expert noting it would be better to wait for Scope three emissions reporting before "dumbing down" assurance requirements.

Deloitte pays US$21.5m to settle claims it pursued unlawful DEI practices

RIDDHIMA TALWANI
Deloitte has agreed to pay the US government US$21.5 million to resolve allegations it failed to comply with anti-discrimination requirements in its federal contracts and discriminating against employees and applicants on the basis of their race or sex.

All states must power data centres with renewables: Bowen

RIDDHIMA TALWANI
Minister for climate change and energy Chris Bowen has said all states and territories, without exceptions, will need to power data centres through renewable energy.

ARENA commits over $100m on low-cost solar

MATTHEW WAI
The Australian Renewable Energy Agency (ARENA) is funding up to $105.6 million for 20 research and development projects to support ultra low-cost solar development, reducing the cost of designing, building, operating and maintaining large-scale solar farms.

Environmental

Government invests $26m on low-emissions iron production

RIDDHIMA TALWANI  |    2:04PM   The government is funding up to $26 million on technology that could turn Australian iron ore into lower-emissions iron using renewable energy.

Podcast: Financial inclusion at a crossroad

THE GREENER WAY  |    12:21PM   As artificial intelligence transforms financial services, how can the industry use technology to improve financial inclusion, and why should sustainability professionals view access to finance as a core sustainability issue?

Governance

Companies call for certainty around climate disclosures

RIDDHIMA TALWANI   Industry participants are calling for more certainty when it comes to climate disclosures, with one expert noting it would be better to wait for Scope three emissions reporting before "dumbing down" assurance requirements.

Treasury consults on reducing climate disclosure costs

RIDDHIMA TALWANI   Treasury has opened a consultation to enhance efficiency of climate disclosures by reducing the cost of compliance for companies.

Corporate Strategy

Underpaid migrants a systemic modern slavery indicator: MJI

RIDDHIMA TALWANI   A report by Migrant Justice Institute (MJI) said underpaid migrant workers point to a more systematic issue, which can lead to practices that are indicators of modern slavery.

Tokenisation can accelerate sustainability objectives: Northern Trust

MATTHEW WAI   Project Acacia identified significant economic growth opportunities with tokenised financial infrastructure in Australia, but the initiative extends further for those that are currently looking for more efficient ways to offset their carbon footprints.

Positive Impact

Government grants $10m to First Nations clean energy projects

RIDDHIMA TALWANI   The government has opened a grant of up to $10 million to help First Nations organisations advance their clean energy projects.

Minderoo backs early childhood development in WA

RIDDHIMA TALWANI   The Minderoo Foundation, backed by Andrew and Nicola Forrest's private investment group Tattarang, has partnered with the City of Kwinana in Western Australia to transform early childhood development outcomes.

Social

Scaling women businesses can add $100bn to economy: Study

RIDDHIMA TALWANI  |    2:24PM   A new national study found that while women are starting businesses in record numbers, they soon reach a "scaling cliff" as very few grow into larger entities.

Housing Australia requires uplift in accountability delivery outcomes: Review

KARREN VERGARA   An independent review into the effectiveness of Housing Australia has made numerous recommendations to improve accountability for delivery of outcomes and help it fulfill its broader mandate.

Investment

Amazon signs tolling agreement for Victorian battery storage site

MATTHEW WAI  |    2:25PM   Amazon Australia has signed a battery storage tolling agreement for the Bairnsdale battery energy storage system (BESS) in East Gippsland, Victoria, with Anza Power, marking the first arrangement of its kind in Australia for a non-energy business.

All states must power data centres with renewables: Bowen

RIDDHIMA TALWANI   Minister for climate change and energy Chris Bowen has said all states and territories, without exceptions, will need to power data centres through renewable energy.

Executive Appointments

APS appoints new chief executive

VINNY VUCAGO  |    12:24PM   Australian Philanthropic Services (APS) has appointed a new chief executive, with current chief Judith Fiander set to retire in February 2027 after leading the organisation through a period of growth in structured philanthropy.

CEFC appoints chief of strategy and capital management

RIDDHIMA TALWANI   Clean Energy Finance Corporation (CEFC) has appointed Heechung Sung as chief of strategy and capital management, a new role to strengthen capital management, helping unlock new pathways to fast-track Australia's clean energy transition.