News

A new report published by BloombergNEF highlights the importance of a supportive policy environment and the need for public and private sector alignment to determining the ambition of Australia’s decarbonisation trajectory. The range of potential outcomes is vast, stretching from Australia barely keeping up with international progress to the country taking a position as a global clean energy powerhouse.

Majority domestic distribution highlighted the book of the first green bond issued by CPPIB Capital – the financing arm of the Canadian Pension Plan Investment Board – off its Kangaroo programme. This level of domestic support is a relative rarity in the high-grade Kangaroo sector, and the issuer credits its extensive investor relations work and demand for green labelled product for the outcome.

A growing number of Australian companies are committed to net zero strategies. But turning climate commitments into delivery is a different story. For Australia to be successful in its sustainability transition in the short amount of time there is to do so, business and climate leaders say a further shift in the business status quo is necessary.

There will be nowhere to hide and no excuses for poor practice as climate risk reporting regulation ramps up in Australia, according to David Parker, chair and chief executive of the Clean Energy Regulator. Neither will simply avoiding making sustainability claims be an option.