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Just 5% of global emissions covered by corporate targets

ROSE MARY PETRASS  |  TUESDAY, 20 JUN 2023  |  NEWS
CDP has issued a stark warning that current corporate targets disclosed will not reduce emissions enough to limit warming to 1.5 degrees. CDP's new Corporate Environmental Action tracker has found the number of 1.5°C -aligned science-based targets ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023  |  NEWS
IFM Investors and Industry Super Australia (ISA) chair Greg Combet has relinquished his role to head the government's new Net Zero Economy Agency. Recognised for his expertise in government, investment, climate policy, and industrial relations ...

ASX C-Suite notch up double-digit salary increases: Governance Institute

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUN 2023  |  NEWS
... report surveyed 1167 boards from across the public, private and not-for-profit sectors, including 226 listed companies. The high double-digit average base salary increases are an indication of a tight labour market and risking cost of living, said Governance ...

Cost a barrier for SME ambition on net zero: BSI

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUN 2023  |  NEWS
Small and medium-sized enterprises (SMEs) increasingly identify sustainability and net zero targets as important to their business practice, but cost is the main barrier towards taking action, according to BSI Group. BSI Group - the global standards ...

Family offices see ESG as part of fiduciary duty: Ocorian

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUN 2023  |  NEWS
Family offices increasingly see focusing on ESG as "part of fiduciary duty", according to global high net worth and family office service provider Ocorian. Ocorian recently conducted global research that found that more than 90% agree that a focus on ...

IGO announces new CEO

RACHEL ALEMBAKIS  |  TUESDAY, 13 JUN 2023  |  NEWS
IGO Limited has hired a new chief executive officer and managing director, following the unexpected death of its previous CEO and managing director last year. IGO is an ASX-listed xploriation and mining company that focuses on minerals critical to renewable ...

IIGCC, TPI Centre launch Bank Net Zero Standard

ROSE MARY PETRASS  |  TUESDAY, 13 JUN 2023  |  NEWS
The Institutional Investors Group on Climate Change (IIGCC) and other stakeholders has launched a Net Zero Standard for Banks alongside a Banking Assessment Framework setting out investor expectations on the transition to net zero. Over 25 investors ...

Stakeholders weigh in on Nature Repair Market bill

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... association said. "AFMA wants to see the Nature Repair Market (NRM) thrive, with fungible products, strong liquidity and high integrity." "However, it is AFMA's view that the design could be improved with a better product design and more focus on ...

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... meet the requirements in time, leading to fines and penalties. This poses challenges for companies reliant on suppliers with high emissions, as the increased costs incurred by these suppliers are likely to be passed on to the companies they serve. Scope ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 JUN 2023  |  NEWS
Ed note: article updated to reflect updated information. Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on ...