Topic: Governance & Disclosure
Masterclass: Effective Engagement in a Time of Heightened Scrutiny
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26 July 2023
Australia is broadly on the right track when it comes to mandatory climate disclosures; the sooner investors can get a reliable and comprehensive picture of climate risks and opportunities for the companies they hold, the sooner they can efficiently put capital to work decarbonising the economy. However, Australia also has a chance to make a really valuable contribution to best practice for reporting the likely impact of climate change’s damage and disruption, which markets currently under-price.
Climate Financial Disclosures Submission – Second Treasury’s Consultation Paper
Submission | Amy Quinton | July 2023
Australia is broadly on the right track when it comes to mandatory climate disclosures; the sooner investors can get a reliable and comprehensive picture of climate risks and opportunities for the companies they hold, the sooner they can efficiently put capital to work decarbonising the economy.
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11 July 2023
The seven founding partners of the Investor Agenda have released an updated ICAPs Expectations Ladder, designed for all investors, regardless of where they are on their climate transition.
The ICAPs Expectation Ladder has been updated to remain aligned to the latest approaches, existing frameworks, and ICAPs Guidance.
It also explicitly incorporates deforestation actions for the first time.
Member Briefing: The 2023 Update to the Investor Climate Action Plan Expectations Ladder
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Submission: Climate Change Authority – Setting, tracking and achieving Australia’s emissions reduction targets – Issues Paper
Submission | Erwin Jackson | June 2023
IGCC’s submission covers four main topics:
- National and sector pathways and goals should be 1.5°C aligned.
- Currently, the physical impacts of climate change are significantly under-priced in financial markets.
- Australia can be a world leader in resilience
- Australia needs quality climate modelling and scenarios covering both transition and physical risks.
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27 June 2023
The Australian government has released their proposal for new mandatory climate reporting. The proposed rules will help Australian companies remain attractive in global capital markets while providing investors, regulators, and stakeholders with a comprehensive understanding of the economy's climate risks and opportunities.
30 March 2023
In consultation with investor signatories, the initiative releases today an updated Benchmark (Benchmark 2.0) to ensure that it continues to effectively support investor engagements with focus companies during this critical decade.
The enhancements made intend to embed a stronger focus on emissions reductions, alignment with 1.5°C pathways and the robustness of transition plans.
The Benchmark will remain one of the key pillars of the initiative as it embarks upon Phase 2.
7 March 2023
A new survey of institutional investors managing $2.1 trillion in Australia shows encouraging progress towards net zero by 2050.
However, acceleration is needed to hit 2030 decarbonisation milestones, and to protect beneficiary returns from physical climate damage and disruption.
The State of Net Zero Investment in Australia 2022
Report | Investor Group on Climate Change | 3 March 2023
A survey of institutional investors managing $2.1 trillion in Australia. It shows encouraging progress towards net zero by 2050, but with acceleration needed to hit 2030 decarbonisation milestones, and to protect beneficiary returns from physical climate risks.
The sample is investors managing approximately 60% of total local AUM. There were
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