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Showing 1 - 10 of 271 results for %22Climate Action%22

New framework for investors to navigate AI released

ELIZA BAVIN  |  MONDAY, 29 APR 2024
... portfolio. It was designed to help bridge the gap between emerging RAI considerations and traditional ESG principles, such as climate, modern slavery, and governance. Step one of the framework determines materiality risk incorporating 27 AI use cases ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
Almost 90% of surveyed auditors do not support the government's requirements to implement mandatory climate reporting and assurance on private companies, not-for-profits and companies limited by guarantee, according to a new survey. The survey was conducted ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... also said the continued regulatory focus on greenwashing and bluewashing, as well as proposed introduction of mandatory climate and modern slavery reporting requirements will likely increase class action risk. "In line with our last Class Action Risk ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
The now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
Super funds with more than $5 billion in assets under management will have to report on the financial impacts of climate change from 1 July 2026, according to mandatory climate risk reporting legislation proposed by government. Treasury released the ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... for the year ahead, with 61% of participants citing it as their biggest challenge, well ahead of the uncertain economic climate which ranked second at 47%. Additionally, survey participants disclosed that the most significant barriers encountered in ...

Nominations open in FS Sustainability Power50

RACHEL ALEMBAKIS  |  TUESDAY, 14 NOV 2023
... 2023 has proven a fast-moving and action-packed year in sustainability as the federal government announced plans to make climate reporting mandatory from 1 July 2024, a review of the Modern Slavery Act recommended meaningful reforms to enhance protections ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... Treasury's proposed three-year moratorium on private litigation related to Scope 3 reporting as part of its proposed mandatory climate-related financial disclosure package has raised fears that it would give companies the green light to greenwash. ...

Ireland to create new sovereign wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2023
... billion higher at the end of the decade than it was at the beginning. He added that the "twin transitions of digital and climate, while more difficult to quantify, will also involve significant costs." "It is intended to preserve the fund over a longer ...

ART outlines road to net zero 2050

RACHEL ALEMBAKIS  |  FRIDAY, 29 SEP 2023
... Trust's Net Zero 2050 Roadmap takes a long-term view that aims to be pragmatic, measured and actionable, to help manage climate risk while safe-guarding and growing the retirement savings of our members to help them retire well, with confidence," ...
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