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Showing 1 - 10 of 345 results for "Scope"

ISSB digital standards not perfect

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
... Sustainability. "The standards are an excellent start but further work is needed to ensure companies are reporting on the full scope of physical risks that climate change may have on their business. "In short, the physical risk component of the standards ...

Subsidiaries must comply with Aussie regime

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
... update on requirements for climate-related financial disclosures in Australia clarifies that such groups do fall within the scope of the Australian regime. This is because "the standards and frameworks and timelines for reporting that apply at the parent/international ...

Companies warned to disclose nature risks

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
... that veil of opacity and trace back to the source those goods and services that business are procuring... it is similar to Scope 3 reporting." "We don't pretend these issues are a easy, but they shouldn't be a barrier for people to start making ...

J.P. Morgan vows $2.5 tn for sustainable development

ROSE MARY PETRASS  |  WEDNESDAY, 24 APR 2024  |  NEWS
... as internal diversity and inclusion metrics for staff and management. Its achievements so far include a 15% reduction in Scope 1 and Scope 2 greenhouse gas emissions compared to 2019 levels, towards the goal of carbon neutrality by 2030. In 2023 the ...

Borrowers pressured for plans as Scope 3 left in dust

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
... Climate Change and Net Zero. In nearly half of cases, Citi cited an "absence of a substantive transition plan," and a lack of Scope 3 disclosure. Just 8% of Citi's energy clients had a "comprehensive and ambitious transition plan targeting Scopes 1-3 ...

Flawed carbon credits add to business risk

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
... penalties of $250 per tonne of CO2-e. AGL, EnergyAustralia, and Origin Energy - Australia's top three emitters - reported Scope 1 emissions of a respective 42.2 million, 17.9 million, and 16 million tonnes in the 2019-2020 financial year. "The root ...

Directors welcome new climate reporting regime

ROSE MARY PETRASS  |  THURSDAY, 28 MAR 2024  |  NEWS
... they couldn't get their houses in order in time. Canberra proposed a three-year moratorium on private litigation related to Scope 3 reporting. In February the Business Council of Australia campaigned for a 12-month delay on the bill, citing a need for ...

Historic data stymies climate risk pricing

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
... to forecasting the impacts of the latent, systemic risks associated with climate change. "As a result, we see significant scope for mispricing and a strong possibility of unintended outcomes when investment decisions are based on imperfect evaluation ...

CBA launches green business loan

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... efficiency upgrades, and then finance these upgrades through the new Business Green Loan. "This allows businesses to identify, scope and prioritise upgrades that can have a positive impact on both energy efficiency and costs, and to obtain finance that ...

More calls for adaptation

ROSE MARY PETRASS  |  THURSDAY, 14 MAR 2024  |  NEWS
... smaller businesses to follow in 2027-2028. The proposal includes a three-year moratorium on private litigation related to Scope 3 reporting.
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