COP28: Australia signs Glasgow statement to end public finance for fossil fuels

ROSE MARY PETRASS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
Australia joins 40 other countries to end public investment in fossil fuels, as COP28 sees new agreements on net zero finance and a focus on Indigenous Peoples.

New advisory body for nature investment

ROSE MARY PETRASS  |  TUESDAY, 5 DEC 2023  |  NEWS
Canberra has established a new advisory body to align private finance and investment with nature positive outcomes.

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
The first day of COP28 culminated in a landmark deal to help the most vulnerable emerging economies pay for the impacts of climate change.

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
The Department of Finance has released its strategy to achieving net zero by 2030 across the Australian Public Service.

Carbon credit review falls short on CO2 capture and slavery

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
An independent review to be released next month will inform how Canberra moves forward amid criticisms of its Australian Carbon Credit Unit (ACCU) scheme. Ahead of release, FS Sustainability has learnt the recommendations won't address modern slavery ...

Treasury proposes merger of accounting, audit bodies

RACHEL ALEMBAKIS  |  MONDAY, 27 NOV 2023  |  NEWS
Canberra has proposed merging the three financial reporting bodies to make them "more efficient, effective and fit for purpose".

Workplace conduct a financial risk: Fidelity International

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
Workplace misconduct is a material financial risk to business and investors, according to new research from Fidelity International.

Greenwashing a serious threat to financial markets: ASIC

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
ASIC has identified sustainable finance governance and greenwashing as one of three key focus areas for action in 2024.

Corporate net zero plans at odds with anti-climate lobbying

ROSE MARY PETRASS  |  MONDAY, 20 NOV 2023  |  NEWS
Despite widespread corporate commitments to net zero, a significant proportion of global companies engage in lobbying that contradicts their stated environmental goals.

Nature-related risk a potential risk to directors

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
Corporate directors have an obligation to consider nature-related risk in much the same way as other financial risks, according to a new legal opinion.