Sustainable Finance Strategy
Many of the Council’s members are investing in businesses and technologies that will play a pivotal role in reducing carbon emissions and addressing the impact of climate change. The role of private capital in achieving net zero will continue to increase as technologies develop, nascent industries mature, and the opportunities of a net zero economy expand. Therefore, having the right policies in place is critical.
To achieve this aim:
- government policies and the Sustainable Finance Strategy will need to be congruent with the global Science Based Targets initiative framework for 1.5°C aligned targets; and
- consideration will need to be given to how various public sector decarbonisation plans will interact with the Strategy to ensure continued flow of capital into Australia.
Our responses to this consultation are based on the perspectives and experience of private capital investors within our membership.
Key issues for our members include:
- accurate data and clear expectations for how companies should address data gaps - particularly in relation to Scope 3 emissions;
- standardised climate modelling;
- reporting guidelines that provide clarity and consistency including industry-specific guidelines where relevant;
- standards that align with other jurisdictions; and
- a taxonomy that is as simple as possible.
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