Australia’s current position of ‘preferably by 2050’ is likely to come under increasing pressure during 2021 due to international government regulatory changes as well as rapid changes in the private sector.
With the 2020s often termed ‘the decade of action’ there has been a shift in companies (67 percent of ASX100) linking the UN Sustainable Development Goals (UN SDG) into their business activities.
Business is a critical player in achieving the Paris climate goals and is certainly not immune from the physical effects of climate change or the impacts of transitioning to a net zero economy.
Our survey shows that ESG funds outperform non–ESG funds adding to the now well accepted statement that investment returns do not have to be sacrificed for environmental and social benefit
Today is World Environment Day. Over recent months, many of us have spent more time in our home surroundings. With more time to reflect, I hope we better appreciate the importance of our environment and reflect on sustainability and our interaction with our ecosystem.
Whilst we are still in the early days, initial indications from the capital markets show ESG investments are performing at least as well as mainstream funds and new capital is continuing to flow into ESG investments.
Increasingly investors, regulators, and other major stakeholders are demanding organisations to report their exposure to climate-related financial risks.
The budget attempts to have something for everyone, but those waiting for a strong signal about Australia’s response to climate change will again be disappointed.
