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Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
The price of Australian Carbon Credit Units (ACCUs) is likely to double by 2035, meaning that companies should act now to reduce or abate emissions, according to EY. EY has published Changing Gears: Australia's Carbon Market Outlook 2023, which ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
Insurance leaders have reframed the challenge of climate risk as an opportunity, stating that physical risk from climate change is not the biggest challenge to insurance. Finity Consulting principal Rade Musulin and Swiss Reinsurance head of property ...

Legal changes put sexual harassment on par with workplace safety

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
New laws require companies to manage psychosocial risk in the same way they manage physical risk - meaning that companies would be held liable for sexual harassment and gender-based discrimination in the workplace. Further, the government's Respect@Work ...

Public-private partnership to tackle VIC housing crisis

ROSE MARY PETRASS  |  THURSDAY, 21 SEP 2023  |  NEWS
Victoria has proposed a public-private partnership approach to encourage investment and accelerate the construction of high-quality affordable homes in the hope that supply will bring down skyrocketing housing prices. A target of 800,000 homes over ...

Australian businesses failing to achieve on sustainability goals

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
Although Australian business leaders rank sustainability as being high in their organisational corporate structure, only 35% of businesses have achieved set sustainability targets over the past two years, according to Cognizant. The IT services and ...

How to achieve low carbon intensity in your equity portfolio

ROSE MARY PETRASS  |  THURSDAY, 14 SEP 2023  |  NEWS
Investors and asset managers are now focused on achieving low carbon intensity - yet analysis finds that low carbon intensity does not necessarily produce alignment with climate goals and can hide efforts needed to decarbonise companies in the real ...

NZ case for green hydrogen-powered flight

ROSE MARY PETRASS  |  MONDAY, 11 SEP 2023  |  NEWS
Six international businesses including Fortescue Metals have joined forces to call for green hydrogen-fueled aircraft in New Zealand, which they say could remove up to 900,000 tonnes of carbon emissions every year by 2050. The group New Zealand Hydrogen ...

Forestry companies create global engagement body

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
A coalition of forestry companies including New Forests have launched a collaborative engagement body that will advocate on issues including climate change, biodiversity loss and halting and reversing deforestation. The International Sustainable Forestry ...

Australia considers carbon tariff to level playing field

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
The Australian government is considering introducing a carbon tariff on carbon-intensive imports such as steel and cement to level the playing field for Australian business that are incurring costs to decarbonise their products. If Australia introduces ...

Three-fold bang for the buck when investing in research

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023  |  NEWS
A major independent study has found that every dollar invested in Australian research generates $3.32 in return. An independent report by ACIL Allen shows that research funded by the Australian Research Council (ARC) is varied and has a range of economic ...