New tools available to help investors meet Paris Agreement

ROSE MARY PETRASS  |  FRIDAY, 17 NOV 2023  |  NEWS
A range of new tools have been released from organisations including Moody's Investors Service, ISS STOXX, Global Impact Investing Network, UN-convened Principles for Responsible Investment, Bloomberg and Riskthinking.AI.

Sustainable bonds underperform on climate targets

ROSE MARY PETRASS  |  THURSDAY, 16 NOV 2023  |  NEWS
Sustainability Linked Bonds are more likely to achieve emissions reductions targets than use of proceeds bonds, but many labelled bond users are not tracking to meet 2050 net zero targets.

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published new climate scenarios including predictions that a net zero transition could be "too-little-too-late," disorderly and delayed.

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
Climate change is one of the emerging risks to financial stability "for which there is no historical precedent to guide us," the RBA said.

Nearly a quarter of Australian bank debt has nature-related risk

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Approximately $260 billion of all outstanding Australian bank loans, or 22% of bank lending, are highly exposed to nature-related risk.

Investors prepare for urgent action on nature

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
Growing awareness in finance regarding nature conservation and the opportunities related to natural capital is increasingly top of mind for investors.

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
Clean energy costs are predicted to decline over coming decades as renewable power dominates the energy mix with increasing investments and decarbonisation driven by electric vehicles.

GRESB leader now 100% green loan financed

ROSE MARY PETRASS  |  THURSDAY, 19 OCT 2023  |  NEWS
Frasers Property Group and Scentre Group have ranked among the top real estate firms in the world in the biggest year to date for the Global Real Estate Sustainability Benchmark (GRESB) assessment.

Arup becomes approved verifier for Climate Bonds Initiative

RACHEL ALEMBAKIS  |  TUESDAY, 17 OCT 2023  |  NEWS
Arup has become the first APAC engineering consultancy to be awarded the Approved Verifier status for green bonds by the Climate Bonds Standard Board.

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
The Federal Court has dismissed a challenge to two coal mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them.