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Showing 21 - 30 of 135 results for "Treasury"

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
... grow by 3.8 percentage points of GDP from 24.8% per cent in 2022-23 to 28.6% in 2062-63, according to Secretary to the Treasury Steven Kennedy, thus changes to purchasing policy that requires suppliers to have emissions reductions strategies in place ...

Treasury proposes merger of accounting, audit bodies

RACHEL ALEMBAKIS  |  MONDAY, 27 NOV 2023  |  NEWS
... arrangements." AASB will continue to progress its work in relation to climate-related financial disclosure standards, Treasury noted. "The streamlining of the nation's financial reporting architecture is part of our broader efforts to reform, renew and ...

Finance eyes $500b green buildings opportunity

ROSE MARY PETRASS  |  THURSDAY, 16 NOV 2023  |  NEWS
... new sustainability standards were released by the International Sustainability Standards Board (ISSB). That same month Treasury proposed the implementation of mandatory climate-related disclosures. In 2022 the debt market raised more funds for climate-friendly ...

FS Sustainability launches ESG Power50 nominations

RACHEL ALEMBAKIS  |  MONDAY, 13 NOV 2023  |  NEWS
... July 2024, a review of the Modern Slavery Act recommended meaningful reforms to enhance protections of human rights and Treasury announced a long-anticipated sustainable finance strategy. This year has also brought challenges in the form of greenwashing ...

Treasury spruiks CEFC role in sustainable finance strategy

RACHEL ALEMBAKIS  |  MONDAY, 13 NOV 2023  |  NEWS
Treasury has proposed that the Clean Energy Finance Corporation (CEFC) take a key role in its recently announced sustainable finance strategy in delivering discounted financing to priority sectors as well as other aims. Earlier this month,Treasury released ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... O'Donnell invested approximately $1000 in Exchange-traded Australian Government Bonds. The case was settled on August 7, and Treasury was required to publish a statement acknowledging that climate change is a systemic risk, and that both the net ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... sense 20 years ago, maybe even 10," CEO Nic Seton said. "We don't have endless time to coddle big polluters." The Treasury consultation paper states that companies "will be afforded protection from false or misleading representation claims from private ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... forthcoming sustainable finance taxonomy to "ensure that it is effectively embedded in Australia's regulatory framework." Treasury has released the long-anticipated sustainable finance strategy consultation paper, outlining a broad range of measures ...

Treasury issues statement on systemic climate risk to government bonds

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Treasury has acknowledged that climate is a systemic risk for the Australian economy and creates uncertainty about the fiscal impacts of climate change on government bonds. The federal court has approved a settlement between the Commonwealth and Kathleen ...

Role for finance after No vote

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... occur, and capital should flow, said Halls Creek Gija man Ben Ainsworth, director of the First Nations Policy Unit of Treasury. In order to pursue activities that may impact on culturally sensitive sites, investors should engage with traditional owners ...