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AUD80trn investors back 'essential' Australian climate reporting bill

Collaborative sovereign climate engagement is 'opportunity to be grasped'

After initial success with its Australian pilot, the PRI's Tom Arup tells Ahren Lester its collaborative sovereign engagement initiative is ready to scale up

Credit-focused harmonised ESG reporting tool launch imminent

The launch of a harmonised environmental, social and governance (ESG) reporting tool for the credit market being developed by the UN Principles for Responsible Investment (PRI) and two trade associations is expected in the next few weeks.

'Vital' ESG credit harmonisation project launched

Two credit industry associations are joining with the UN Principles for Responsible Investment (PRI) to develop a "vital" environmental, social and governance (ESG) reporting template for the credit market, expected to be published in the spring.

PRI criticise ISSB disclosure materiality proposals

The UN Principle for Responsible Investment (PRI) has urged the International Sustainability Standards Board (ISSB) to tighten its approach to materiality assessments in its sustainability-related financial disclosure standard, including requiring issuers to explain why data is omitted and include their supply chains in assessments.

PRI calls for human rights-linked sovereign bonds

The UN Principles for Responsible Investment (PRI) has urged its signatories to encourage countries to issue sustainability-linked bonds tied to human rights factors as part of a drive to incorporate human rights into investment decisions.

Simplifying the CA100+ net-zero benchmark is 'laughable'

Criticism of the Net-Zero Company Benchmark developed by Climate Action 100+ (CA100+) being "too complicated" has been described as "laughable,"...

BHP criticised as confirms oil and gas exit with Woodside deal

Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports

Investors urged to join sovereign climate performance assessment project

Investors have been urged to get involved in a project to develop an assessment framework for the carbon performance of sovereigns, currently backed by groups including the UN Principles for Responsible Investment (PRI), Institutional Investors Group on Climate Change (IIGCC) and Transition Pathway Initiative (TPI).

BlackRock, Vanguard among 43 new Net Zero Asset Managers Initiative members