From www.klgates.com: The Australian Securities Exchange Corporate Governance Council’s decision to halt proposed diversity reforms highlights resistance to enhanced ESG commitments within the investment community.

Legislation has been passed to support investments in clean energy, while Australian superannuation and cleaning product companies faced penalties for greenwashing practices.

Twelve financial bodies have reaffirmed their commitment to the Paris Agreement goals, emphasizing the economic benefits of a net-zero economy amid global uncertainties in ESG initiatives.