Governance

Regulatory roundup on key sustainability developments

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
A range of ESG-related regulatory actions have come up for discussion in the last week, including a commitment by the assistant treasurer to establish national standards for a green taxonomy, APRA flagging that their climate vulnerability assessment ...

ASIC greenwashing investigations continue

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
ASIC chair Joe Longo said the market regulator is currently investigating listed companies, super funds, and managed funds for potential greenwashing.

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
The climate vulnerability assessment (CVA) that APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen ...

ASFI Summit to focus on sustainable finance progress, implementation

RACHEL ALEMBAKIS  |  TUESDAY, 25 OCT 2022  |  NEWS
Translating broad and ambitious commitments on climate and sustainable finance into concrete action will be the main topic of discussion at this week's Australian Sustainable Finance Institute (ASFI) Summit in Sydney.

ISSB to require Scope 3 emissions disclosure

RACHEL ALEMBAKIS  |  MONDAY, 24 OCT 2022  |  NEWS
Companies will be required to report Scope 1, 2 and 3 greenhouse gas emissions as part of the International Sustainability Standards Board (ISSB) climate-related disclosure standards.

ASX sees first strike against remuneration report

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
Nearly 30% of ASX shareholders have voted against the company's remuneration report, triggering a first strike warning to its board.

Consumer watchdog warns on greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 22 SEP 2022  |  NEWS
The Australian Competition and Consumer Commission (ACCC) is "actively monitoring" green claims and won't hesitate to take enforcement action if consumers are misled or deceived by greenwashing.

Super funds more likely to recall shares for proxy votes: research

RACHEL ALEMBAKIS  |  THURSDAY, 22 SEP 2022  |  NEWS
Institutional investors such as super funds are more likely to recall loaned shares to exercise voting rights in line with proxy voting policies, research has found.

RBA governor urges implementation of ISSB standards

RACHEL ALEMBAKIS  |  MONDAY, 19 SEP 2022  |  NEWS
Australia "is going to need to find a way" to implement the standards being developed by the International Sustainability Standards Board (ISSB) or else risk falling behind on international investor expectations, Reserve Bank of Australia Governor Philip ...

Governance Institute calls for proactive thinking for virtual AGMs

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
Offering hybrid and fully virtual AGMs are an opportunity to engage with greater numbers, but the Governance Institute warns that listed companies have to think more proactively about how to ensure shareholder participation in those circumstances.