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Australia's Commonwealth Bank says it will only finance fossil fuels backed by transition plan

Commonwealth Bank of Australia (CBA) has won praise for saying it will not provide new financing to major fossil fuel companies that do not have a credible climate transition plan.

Australia debut green bond expected from mid-May

Australia will issue its debut 10-year sovereign green bond between mid-May and the end of June, it emerged, as the sovereign announced it will launch investor roadshows from April.

People moves, 25 August: CommBank, ISS ESG, JTC, Summa Equity ... and more

CommBank oil and gas funding exit sends 'stark warning' to industry

The Commonwealth Bank of Australia (CommBank) has ruled out direct finance for any new or expanded oil and gas projects in its updated climate policy, described by one campaigner as putting the lender "well above its peers" on climate.

Australian regulator reveals prospect of bank losses from climate change

Australia's largest banks should be prepared to face 'financial challenges' resulting from losses caused by the effects of climate change, a vulnerability assessment by the regulator has found.

CBA launches 'critical' product to scale Australian carbon credits

The Commonwealth Bank of Australia (CBA) has told Environmental Finance its innovative Australian carbon credit pre-payment transaction could be "critical" to de-risk and scale the market in the absence of futures.

News round-up: Verra farming credits, 'social' in spotlight, EU fossil fuel subsidies ... and more

Westpac abandons thermal coal funding in tighter climate policy

Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.

Australia launches HLEG-style sustainable finance initiative

A group of leaders and senior executives at Australia’s major banks, superannuation funds and insurance companies has been assembled to devise a sustainable finance ‘roadmap’.

Green bonds round-up, 3 October 2018

Getlink said its inaugural green bond had been "comfortably oversubscribed", helping it raise €550 million ($635 million) rather than the €500 million originally envisaged.