FS Sustainability

Australia "on notice" as final TNFD draft framework released

ROSE MARY PETRASS   The Taskforce on Nature-related Financial Disclosures (TNFD) has released the final draft framework, Version 0.4, which will help companies navigate their nature-related risk.

Insured losses from natural catastrophes $150 billion in 2022

ROSE MARY PETRASS   Natural disasters resulted in global economic losses of $410 billion (US$275b) in 2022, a new report has found, with just $150 billion (US$125b) covered by insurance.

New Zealand regulator warns Vanguard for disclosure failure

RACHEL ALEMBAKIS   New Zealand's market watchdog has pulled up Vanguard Investments for failing to officially inform them that ASIC had issued infringement notices relating to instances of greenwashing.

The four-day work week - will it work?

ROSE MARY PETRASS   A number of companies have started to offer the four-day work week as a powerful tool to attract and retain top talent that value the motto "work hard, rest hard". But is it suitable for every role?

Asian companies setting net zero goals, lagging on capital alignment

RACHEL ALEMBAKIS   Four Australian companies are amongst the top 50 listed corporate carbon emitters for the entire Asian region, according to research from Barclays.

Bank Australia sets interim 2030 net zero target

RACHEL ALEMBAKIS   Bank Australia has announced that it will aim to reduce its carbon emissions by 64% by 2030 as an interim step to net zero by 2035.

CEFC doubles investment in Artesian bond fund

RACHEL ALEMBAKIS   The Clean Energy Finance Corporation (CEFC) is doubling its investment in the Artesian Green and Sustainable Bond fund.

Podcast: Recognising tomorrow's sustainability winners

RACHEL ALEMBAKIS   Graz van Egmond is the CEO of the Banksia Foundation, which runs the annual Banksia Foundation Sustainability Awards.

Embedding mental health wellbeing into company culture

RACHEL ALEMBAKIS   Companies should take a systems-level approach to making mental health and wellbeing fundamental to their workplaces, according to new recommendations by a mental health not for profit.

ASIC issues Indigenous Financial Services Framework

RACHEL ALEMBAKIS   ASIC has acknowledged that First Nations peoples have been "prohibited and excluded from participating in the Australian financial system," and has published an Indigenous Financial Services Framework to support positive financial outcomes for First Nations people.

Investors flag decarbonisation, real world impacts as priorities

RACHEL ALEMBAKIS   Australian and New Zealand institutional investors are concerned about real world investment impacts, active stewardship and how to decarbonize their portfolios, according to Northern Trust Asset Management's global head of sustainability and stewardship.

Australian sustainable finance taxonomy to feature traffic-light system

RACHEL ALEMBAKIS   Australia's future taxonomy defining sustainable financial activity should adopt a traffic-light colour coded framework to allow financial products to be distinguished based on their alignment to sustainable activities.

Aviva Investors creates global head of ESG role

RACHEL ALEMBAKIS   Aviva Investors has created the role of global head of ESG and appointed a longtime specialist into the role.

Aviva Investors creates head of climate policy role

RACHEL ALEMBAKIS   Aviva Investors has created a new role of head of climate policy, responsible for developing the global fund manager's macro stewardship programme.