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Showing 1 - 10 of 341 results for "Scope"

Borrowers pressured for plans as Scope 3 left in dust

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
... Climate Change and Net Zero. In nearly half of cases, Citi cited an "absence of a substantive transition plan," and a lack of Scope 3 disclosure. Just 8% of Citi's energy clients had a "comprehensive and ambitious transition plan targeting Scopes 1-3 ...

Flawed carbon credits add to business risk

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
... penalties of $250 per tonne of CO2-e. AGL, EnergyAustralia, and Origin Energy - Australia's top three emitters - reported Scope 1 emissions of a respective 42.2 million, 17.9 million, and 16 million tonnes in the 2019-2020 financial year. "The root ...

Directors welcome new climate reporting regime

ROSE MARY PETRASS  |  THURSDAY, 28 MAR 2024  |  NEWS
... they couldn't get their houses in order in time. Canberra proposed a three-year moratorium on private litigation related to Scope 3 reporting. In February the Business Council of Australia campaigned for a 12-month delay on the bill, citing a need for ...

Historic data stymies climate risk pricing

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
... to forecasting the impacts of the latent, systemic risks associated with climate change. "As a result, we see significant scope for mispricing and a strong possibility of unintended outcomes when investment decisions are based on imperfect evaluation ...

CBA launches green business loan

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... efficiency upgrades, and then finance these upgrades through the new Business Green Loan. "This allows businesses to identify, scope and prioritise upgrades that can have a positive impact on both energy efficiency and costs, and to obtain finance that ...

More calls for adaptation

ROSE MARY PETRASS  |  THURSDAY, 14 MAR 2024  |  NEWS
... smaller businesses to follow in 2027-2028. The proposal includes a three-year moratorium on private litigation related to Scope 3 reporting.

Climate group exodus unlikely to hinder climate action: IGCC

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
... comes as the US Securities and Exchange Commission (SEC) on Wednesday voted 3-2 in favour of climate disclosure, excluding Scope 3 emissions, in an outcome labelled as "bare minimum". JP Morgan, Citi, Bank of America, and Wells Fargo have exited the ...

Upward trends continue despite ESG backlash

ROSE MARY PETRASS  |  MONDAY, 4 MAR 2024  |  NEWS
... in many cases even significantly scaling back their ESG research efforts," he said. In the US, the SEC has expanded the scope of the 2001 Names Rule to include funds with a focus on a topic such as growth, value or ESG investment. Outside of the US ...

Business calls for 12-month climate reporting delay

ROSE MARY PETRASS  |  THURSDAY, 29 FEB 2024  |  NEWS
... smaller businesses to follow in 2027-2028. The proposal includes a three-year moratorium on private litigation related to Scope 3 reporting. https://www.fssustainability.com.au/treasury-seeks-feedback-on-climate-related-financial-disclosures?q=mandatory%20climate%20reporting ...

GreenCollar makes strategic acquisition

RACHEL ALEMBAKIS  |  MONDAY, 26 FEB 2024  |  NEWS
... markets and products." Link noted that farmers are increasingly wanting to understand how to identify and calculate the Scope 1, 2 and 3 greenhouse emissions associated with their operations. "Many farmers are understandably worried about what this means ...
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