Archive

Feedback sought on first draft of Australian taxonomy

The Australian Sustainable Finance Institute (ASFI) has opened a public consultation on the first draft of its proposed taxonomy, including its headline ambitions and first three priority areas.

Australian government wins investor group praise for climate funding

Investor groups have welcomed a AUD22.7 billion ($15.1 billion) funding package the Australian government has pledged to support the transition to net zero, development of sustainability fund labels and tackling 'greenwashing'.

AUD80trn investors back 'essential' Australian climate reporting bill

'More rigorous' standards see biennial review register big drop in sustainable assets

A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".

Australia plans sovereign green bond and taxonomy financing

The Australian government has announced it plans to issue a debut sovereign green bond and will co-fund the development of a sustainable finance taxonomy...

Australian regulator launches anti-greenwashing fund guidance

The Australian Securities and Investments Commission (ASIC) has launched guidance for sustainability-related products to combat what it called the "growing risk of greenwashing".

Australian 'responsible investment' grows while rest of market shrinks

Investments labelled as 'responsible' grew by AUD298 billion ($291 billion) between 2019 and 2020 while the rest of the market shrunk...

EU investments classed 'sustainable' fall $1.8trn in wake of action plan

Australian impact investments set to grow five-fold by 2025 - RIAA

Exponential growth in Australian investments targeting positive social and environmental impact as well as financial returns could propel the overall size of the market to more than AUD100 billion ($67.3 billion) by 2025, according to the Responsible Investment Association Australasia (RIAA).

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’.