The Australian Federal Minister for the Environment and Water has tabled proposed laws before the Australian Parliament to establish new national environmental agencies, enhance their enforcement powers and establish the...more
Following two rounds of consultation, the Australian Government has released an exposure draft of the Treasury Laws Amendment Bill 2024: Climate related financial disclosure (Draft Bill) which would introduce mandatory,...more
On 30 March 2023, the Australian Federal Parliament passed the Safeguard Mechanism (Crediting) Amendment Act 2023 (Cth) (Safeguard Act). The Safeguard Act, together with the Federal government's proposed reforms to the design...more
The Paris Agreement approved by the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change ("UNFCCC") aims to (i) hold the increase in the global average temperature to well below 2 °C...more
The Equator Principles have been one of the principal frameworks for managing sustainability and ESG risk in projects by financial institutions since 2003. The latest update – known as EP4 – renews the focus on human rights...more
9/26/2020
/ Acquisitions ,
Climate Change ,
Environmental Social & Governance (ESG) ,
EPFIs ,
Equator Principles ,
Financial Institutions ,
Human Rights ,
OECD ,
Popular ,
Refinancing ,
Sustainable Finance
The Australian Securities and Investments Commission ("ASIC") has recently released updates to its existing regulatory guidance on effective disclosure, to clarify its position on the disclosure of climate change-related...more
9/7/2019
/ Annual Reports ,
ASIC ,
Australia ,
Australian Securities and Investments Commission ,
Board of Directors ,
Climate Change ,
Corporate Governance ,
Deceptively Misdescriptive ,
Disclosure Requirements ,
Due Diligence ,
Fiduciary Duty ,
Financial Reporting ,
Misleading Statements ,
Risk Assessment ,
Risk Mitigation
The Equator Principles Association (EPA) has released the much-awaited draft text of Equator Principles 4 (EP4). Further consultation of the draft text will be coordinated by the EPA in July and August, and it is anticipated...more
6/27/2019
/ Climate Change ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
EPFIs ,
Equator Principles ,
Financial Institutions ,
Human Rights ,
International Finance ,
Land Developers ,
Lenders ,
OECD ,
Paris Agreement ,
Proposed Amendments ,
Public Consultations ,
Public Projects ,
Risk Assessment
What happened?
The Chief Judge of the NSW Land and Environment Court in Australia has upheld the decision of the NSW Minister for Planning's delegate to refuse planning approval for the proposed Rocky Hill Coal Project...more
2/20/2019
/ Australia ,
Carbon Emissions ,
Climate Action Plan ,
Climate Change ,
Coal Industry ,
Cost-Benefit Analysis ,
Energy Projects ,
Environmental Assessments ,
Environmental Policies ,
Greenhouse Gas Emissions ,
Oil & Gas ,
Paris Agreement