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Australian corporate issuers have "taken their foot off the pedal" on their sustainable bond plans amid market volatility and increasing scrutiny by regulators looking for cases of 'greenwashing', NAB's David Jenkins tells Ahren Lester.

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.

National Australia Bank (NAB) has faced criticism after it helped lead a sustainability-linked loan and green loan to the Port of Newcastle (PON) in Australia - which facilitates the largest coal export throughput in the world - with one campaigner arguing that it also raises questions about the validity of NAB's green bonds.

S&P Dow Jones Indices (DJI) and RobecoSAM have reviewed the companies in the Dow Jones Sustainability Index (DJSI) World and removed Citigroup, Shell and 3M from it. Citigroup remains in the DJSI North America, however.

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’.

The launch of a set of six principles seeking to commit banks to align with both the Paris Agreement and the UN’s Sustainable Development Goals (SDGs) has been hailed as a ‘global benchmark for sustainable banking’.