From corrs.com.au: Australia’s outlook for 2025 encompasses key developments in housing affordability and reforms across various states, alongside significant changes in environmental law, energy mix, and climate policy.… read more
From smallcaps.com.au: The Western Australia Chamber of Minerals and Energy supports the state government’s initiative to streamline the mining approval process, allowing low-impact mining Program of Work applications to be assessed within a single business day.… read more
From bdo.com.au: This guide emphasizes the rising importance of sustainability in corporate strategy due to mandatory climate reporting and stakeholder demands.
It provides practical steps for boards and leaders to integrate sustainability into their strategy, including developing a roadmap with SMART metrics and implementing robust tracking systems.… read more
From kpmg.com: Australia has implemented new sustainability reporting standards effective 1 January 2025 for Group 1 entities, based on the IFRS Sustainability Disclosure Standards.
The Australian Accounting Standards Board has issued two key standards: AASB S1, a voluntary standard, and AASB S2, a mandatory standard for climate-related disclosures.… read more
From sladen.com.au: ASIC initiated legal proceedings against Active Super, alleging it made false and misleading statements regarding its adherence to Environmental, Social, and Governance criteria in investment decisions.… read more
From www.icaew.com: ICAEW President Malcolm Bacchus emphasized the critical role of accountants in integrating Environmental, Social, and Governance metrics into financial reporting at the World Forum of Accountants.… read more
From cpaaustralia.com.au: The fashion industry currently accounts for up to 10% of global greenhouse gas emissions and is on track to contribute 26% by 2050, prompting a need for sustainable practices to mitigate environmental impacts.… read more
Renewable energy developers are seeking to grow their project pipelines and operational portfolios.
To fund these expansion plans, many are turning to private capital sources, with more capital being raised through new platforms set up between developers and investors.… read more
From www.icaew.com: (UK context) The FRC’s Thematic Review of Climate-related Financial Disclosures highlighted inconsistent quality and information gaps in the reports from AIM and large private companies following their first cycle of mandatory reporting.… read more
From allens.com.au: Australia’s sustainable finance taxonomy aims to guide private capital towards decarbonization and sustainability, establishing criteria for green activities, and promoting transparency in the process.… read more
From bdo.com.au: This report discusses the transformation of the global mining industry towards sustainability, emphasising the importance of technological advancements, stakeholder engagement, and proactive governance.… read more
From www.aumanufacturing.com.au: Aluminium smelting in Australia accounts for 10% of the country’s electricity consumption and approximately 4.6% of its total emissions, prompting the federal government to propose a new policy that offers financial incentives for producing aluminium using renewable energy.… read more
From sladen.com.au: Vanguard Investments Australia Ltd was ordered by the Federal Court of Australia to pay a penalty of $12.9 million for making misleading claims about its Ethically Conscious Global Aggregate Bond Index Fund, specifically regarding its Environmental, Social and Governance (ESG) screening practices.… read more
From www.klgates.com: Australia committed AU$75 million to Singapore’s FAST-P initiative to support the clean energy transition in Southeast Asia.
The updated Cyber Security Governance Principles by the Australian Institute of Company Directors emphasize the need for organizations to address evolving cyber threats.… read more
From www.klgates.com: Directors of reporting entities in Australia must ensure that sustainability reports present a true and fair view of the organization while complying with existing laws against misleading conduct.… read more