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Showing 31 - 40 of 104 results for "ocean"

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 ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... in the climate system which scientists warn may occur as early as 2025 "with 95% certainty". A collapse of this important ocean system would dramatically restrict Europe's agricultural output and lead to more extreme weather events. Among 16 other tipping ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... none have commitments to avoid other forms of damage to natural habitats such as wetland draining for agricultural use or ocean pollution. ShareAction head of financial sector standards Claudia Gray commented: "It is alarming to see too many asset managers ...

Suppliers on notice: Amazon to enforce emissions reporting

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
... Plastic film - the type of plastic used in its packaging - is the most common form of marine plastic litter and is deadly to ocean dwellers. In addition to reducing plastic packaging and transitioning the fleet to electric delivery options, the company ...

Nature Market Repair Bill: why some farmers oppose biodiversity offsets

ROSE MARY PETRASS  |  MONDAY, 3 JUL 2023  |  NEWS
... largest asset managers have commitments to avoid damage to natural habitats such as wetland draining for agricultural use or ocean pollution, and only a quarter have commitments on deforestation. A survey of 455 farmers in Australia that found that while ...

Just 5% of global emissions covered by corporate targets

ROSE MARY PETRASS  |  TUESDAY, 20 JUN 2023  |  NEWS
... needed. CDP will further develop the tracker to include nature-based solutions such as forests, water security, wetlands, and ocean degradation. "Accessible climate data supports a better understanding of decisions that align with a net-zero world," ...

The "Wild West" of "blue" investing

ROSE MARY PETRASS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... just some of the many projects that could form a portfolio approach to a new asset class: blue capital. Investing in the ocean, which is equally as critical as investing in land-based projects such as reforestation yet often overlooked, can result in ...

Time is running out: latest IPCC report says 1.5°C is "likely"

ROSE MARY PETRASS  |  TUESDAY, 28 MAR 2023  |  NEWS
... "inevitable". The Australia Pacific region was cited as being particularly vulnerable to impacts including sea level rise, ocean acidification, and more frequent extreme weather events, with many countries and communities already experiencing the effects. ...

2023 the year for business action on climate change: EY

RACHEL ALEMBAKIS  |  THURSDAY, 2 FEB 2023  |  NEWS
The Albanese government's action on climate change policy means that the pressure is on for Australian businesses to adapt and translate net zero commitments into "tangible, real and lasting action," according to EY. EY Oceania chief sustainability ...

Australian businesses exposed to EU carbon levy

RACHEL ALEMBAKIS  |  THURSDAY, 12 JAN 2023  |  NEWS
Australian businesses must prepare for the impacts of a forthcoming Carbon Border Adjustment Mechanism (CBAM) from the European Union, according to EY. In recent weeks, the EU has reached agreement on the structure of the CBAM, which would place a financial ...