Market: Australia

Financial Stability at Risk: Australian Government’s Climate Risk Assessment

12 March 2024

The volatility of climate change will spread to Australia’s financial sector, according to the first national risk assessment released by the Australian Government.
AustraliaPhysical Impacts & ResiliencePolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Disclosing climate opportunities and risks to secure long-term investment in Australia

13 February 2024

New draft legislation for reporting on climate-related financial risk and opportunity is a critical step for attracting investment capital in Australia.
AustraliaGovernance & DisclosureInvestor PracticePolicy & AdvocacyPolicy & Advocacy Working Group

Submission on Mandatory Climate Disclosures – Draft Legislation

Submission | Amy Quinton | 13 February 2024

Our submission supports the direction of the legislation and provides insights on where the legislation needs to be clearer, particularly reporting threshold criteria for investment institutions.

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AustraliaGovernance & DisclosurePolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Investors welcome Sustainable Finance Strategy to unlock capital and manage systemic risk

12 December 2023

Institutional investors welcome an Australian sustainable finance strategy to support unlocking capital into the economy and to address systemic risk. 
AustraliaGovernance & DisclosurePolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Climate Active reforms increase rigour of voluntary climate action

11 December 2023

IGCC welcomes the objectives of proposed reforms to the Climate Active program, which aim to set a credible benchmark for voluntary climate action.
AustraliaClimate Action 100+Corporate EngagementCorporate Engagement Working GroupGovernance & DisclosurePolicy & AdvocacyPolicy & Advocacy Working Group

Joint Statement: Australia’s Superpower Opportunity

27 November 2023

The Federal Government is currently considering major decisions on a renewable superpower strategy. Our organisations agree that the global transition to net zero emissions can provide substantial and broadly shared economic and jobs opportunities for Australia, while preventing the worst impacts of climate change.
AustraliaDecarbonising the EconomyEnergyPolicy & Advocacy

Energy Markets and An Expansion of the Capacity Investment Scheme

22 November 2023

The Australian Government recently announced an expansion of the Capacity Investment Scheme, which is intended to underwrite new renewable energy generation and storage. The expansion brings the total size to an offer of 32GW capacity.
AustraliaEnergyPolicy & AdvocacyPolicy & Advocacy Working Group