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Task Force on Climate-Related Financial Disclosures disbanded

ROSE MARY PETRASS  |  WEDNESDAY, 27 DEC 2023  |  NEWS
The Task Force on Climate-related Financial Disclosures (TCFD) has now officially fulfilled its remit and disbanded. As of November 2023, the TCFD website will no longer be updated or monitored but will remain available with resources for materials ...

The rise and rise of ESG salaries

RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
Heads of sustainable/responsible investment can expect to see their pay packet surpass $500,000, according to recruitment agency Talent Nation. ESG professionals continue to be highly sought-after, outstripping supply "for the foreseeable future," Talent ...

QIC secures US$300m SLL

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023  |  NEWS
The Queensland Government-owned fund manager has converted a finance facility into a US$300 million sustainability-linked loan (SLL). Lenders are Commonwealth Bank of Australia, ANZ, ING Group, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking ...

L'Oréal Groupe invests in First Nations-led biodiversity

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023  |  NEWS
The world's largest cosmetics company will commit $600,000 to a WA-based native title corporation to support self-determination through biodiversity restoration in degraded croplands. The Esperance Tjaltjraak Native Title Aboriginal Corporation' (ETNTAC) ...

Agriculture funding takes the stage at COP28

RACHEL ALEMBAKIS  |  MONDAY, 11 DEC 2023  |  NEWS
The Agriculture Innovation Mission for Climate (AIM for Climate), backed by Australia and more than 600 government and non-government partners, has announced $17 billion in new funding for climate-smart agriculture and food systems innovations. The ...

Government sets stage for sovereign green bond

RACHEL ALEMBAKIS  |  THURSDAY, 7 DEC 2023  |  NEWS
Canberra has released the framework for how it will identify, manage, issue and report on sovereign green bonds. The government's green bond program will select assets based on one or more of the government's three green goals - climate change ...

Research flags need for comprehensive ESG reporting

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
While most companies report on sustainability frameworks, few conduct independent external assurance, according to new research that also calls for mandatory reporting that goes beyond climate. Researchers at the Deakin Integrated Reporting Centre (DIRC) ...

How to spot a credible transition plan: Energetics

RACHEL ALEMBAKIS  |  MONDAY, 4 DEC 2023  |  NEWS
Editorial note: This is the fifth in a six-part series of articles brought to you by Energetics Moving past ambitious net zero targets, investors are now focusing on how companies will get from here to 2050 and how robust their transition plans are. ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
During the first week of the COP28 climate summit in Dubai, Australia and other countries outlined new commitments to reduce emissions including methane, non-CO2 gasses and coal. Several countries and major corporations expressed interest in using carbon ...

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
The Australian public service will run on 100% renewable energy by 2030, whilst government office space that is purchased from 2026 onwards must have a 6-star NABERS energy rating as the Department of Finance releases its strategy to achieving net zero ...