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COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
The much-anticipated fourth draft of the Global Stocktake (GST) text, updated on Monday, does not give a clear pathway or strong ambition on fossil fuel phaseout and energy sector decarbonisation. The GST is the first five-yearly checkpoint on the efforts ...

ASX100 improving on modern slavery disclosure

RACHEL ALEMBAKIS  |  MONDAY, 11 DEC 2023  |  NEWS
... comprehensive strategies in addressing and disclosing modern slavery practices are essential." "In light of the recent review of the act and the recommendations outlined in the review report, it is crucial reporting entities remain vigilant to modern ...

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 ...

Finance realignment urged as nature-positive trails 30:1

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
Global public and private funding directly damages nature reached US$7 trillion per year, while funding with a positive impact reached $200 billion last year - a 30-fold gap. New research from the United Nations Environment Programme (UNEP) compared ...

Boards not ready for new workplace laws

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... week. From 12 December, the Australian Human Rights Commission will enforce the Positive Duty under the Sex Discrimination Act, requiring companies to prevent sexual harassment in the workplace. Research from the Australian Institute of Company Directors ...

COP28: Australia commits $150m to Pacific resilience

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
The Australian government has announced it will rejoin the global Green Climate Fund with an initial contribution of $50 million, and allocate $100 million to the Pacific Resilience Facility, to help developing countries transition their economies to ...

Here's what happened at COP28 so far

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
COP28: Australia signs Glasgow statement to end public finance for fossil fuels Australia has joined 40 other countries to end international public investment in fossil fuels, as the first week of COP28 saw new agreements regarding financing net zero ...

Progress on Australia's sustainable finance taxonomy

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
The Australian Sustainable Finance Institute (ASFI) has published two methodology papers towards the development of Australia's sustainable finance taxonomy. To achieve Australia's goals for renewables deployment, there is a growing pipeline of public ...

Research flags need for comprehensive ESG reporting

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
... support the issuing of an Australian equivalent of IFRS S2 for climate reporting and its mandate through the Corporations Act, which is currently undergoing a public consultation process. We also recommend extending this mandatory approach to broader ...

Nature Market Repair Bill passes Senate

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
The Nature Market Repair Bill has passed the Senate, setting the stage for a voluntary national market to deliver improved biodiversity outcomes in Australia. The bill was passed after the Albanese government struck an agreement with Greens that saw ...