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Australian Senate backs mandatory climate reporting

The Australian Senate has formally passed legislation requiring mandatory climate reporting for large businesses and asset managers, to be introduced from 1 January 2025.

Australia urged to integrate biodiversity into taxonomy

The Australian government has been urged to integrate the Global Biodiversity Framework's (GBF) targets into its planned sustainable finance taxonomy.

People Moves, 23 November: Invesco, ImpactA Global, RIAA ... and more

Investors "shifting towards biodiversity opportunities" in Australasia

Investors in Australasia are shifting away from merely managing biodiversity risk towards looking for investment opportunities, the Responsible Investment Association Australasia (RIAA) told Environmental Finance.

Australia commits AUD10m for green bonds, taxonomy work

The Australian government has committed AUD10 million ($6.8 million) to ready its first sovereign green bonds and develop its own taxonomy of sustainable activities.

Australian emissions cap will 'unlock investment', say investor groups

The tightening of Australia's emissions cap will lead to genuine emissions reductions and "unlock investment" in emerging industries, financial institutions representatives told Environmental Finance.

Scope 3 reporting in Australia needed to 'even the playing field', RIAA says

An Australian investor group has called for the introduction of mandatory disclosures of Scope 3 emissions, to "even out" the competition the country is facing with other markets on sustainability.

Australian regulator 'going about greenwashing the right way'

The Australian regulator's principles-based approach is the "right way" to tackle greenwashing in a market which is still trying to build out its sustainability capabilities, the Responsible Investment Association Australasia (RIAA) has said.

Sustainability a 'competitive differentiator' for Australian super funds

Increasing consumer pressure to be 'green' has led Australian super funds to use sustainability as a "competitive differentiator" from their competitors, the Responsible Investment Association Australasia (RIAA) has said.

Australian responsible investing hits AUD1.5 trillion