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Showing 1131 - 1140 of 3242 results for "PRI"

Government commits public service to net zero by 2030

RACHEL ALEMBAKIS  |  THURSDAY, 31 AUG 2023  |  NEWS
The Australian government has committed the Australian Public Service to a net zero 2030 target its Scope 1 and Scope 2 emissions. The Department of Finance has quietly rolled out the target, which will "achieve net zero by actively reducing emissions ...

Australia the guinea pig for PRI sovereign engagement pilot

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
... the initiative. The program announced in September last year is facilitated by the Principles for Responsible Investment (PRI). 25 entities with US$8 trillion I (AUD $12.2 trillion) in assets under management (AUM) will collaborate on the program to ...

Commonwealth to disclose climate risks in sovereign bonds

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
The Commonwealth of Australia will for the first time disclose climate risk in sovereign bonds following the settlement of a world-first class action lawsuit. The case was filed in 2020 by Kathleen O'Donnell, represented pro bono by Equity Generation ...

Regional renewable investments ramp up

ROSE MARY PETRASS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
This week saw new deals for renewables projects across the country amid concerns around a critical skills shortage in the sector. $3b Rewiring the Nation deal to power WA industry The federal government will spend $3 billion on Western Australia's ...

RBA sets 2030 net zero target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
The Reserve Bank of Australia has committed to a 2030 net zero target for all Scope 1 and Scope 2 emissions. Speaking at the Sir Leslie Melville Lecture in Canberra, incoming governor Michele Bullock announced the target and said the central bank is ...

Bridging the ESG gap: strategies for institutional investors

ROSE MARY PETRASS  |  MONDAY, 28 AUG 2023  |  NEWS
... representing US$120 trillion in assets under management have now signed on to the UN-backed Principles for Responsible Investment (UN PRI). Institutional investors are well placed to implement ESG factors across asset classes. They encompass a diverse ...

Investors consider greenwashing when setting net zero targets

RACHEL ALEMBAKIS  |  THURSDAY, 24 AUG 2023  |  NEWS
Businesses and investors are balancing how to set and communicate ambitious net zero targets decarbonisation without greenwashing or greenhushing, and getting that correct is a challenge. Regulators around the world have been cracking down on greenhushing ...

Climate action both risk and opportunity to Australia: Intergenerational Report

RACHEL ALEMBAKIS  |  THURSDAY, 24 AUG 2023  |  NEWS
Tackling climate change and transforming Australia's economy to its net zero 2050 target are central priorities in the 2023 Intergenerational Report issued today. In the Intergenerational Report, which provides a forecast of Australia's budget and economy ...

Finance "misunderstanding" risk of nature loss

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
Financiers do not assess and disclose deforestation and biodiversity loss in Australia and may not even be aware of the risk when funding Australia's primary industries. New research from EY commissioned by The Wilderness Society found that deforestation ...

New code of practice to mitigate slavery risks in renewables

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
The NSW Anti-Slavery Commission and the Clean Energy Council (CEC) are developing a code of practice to help identify modern slavery risks in renewable energy supply chains. Reliance on materials and components associated with forced labour and other ...