
Publication
SBTi opens consultation on the Corporate Net-Zero Standard V2
On 18 March 2025, the Science-Based Targets initiative (SBTi) published an initial draft of its long-awaited “Corporate Net-Zero Standard V2” (Draft Standard).
Australia | Publication | June 14, 2019
APRA’s recently released Information Paper, regarding the recent self-assessments undertaken by financial institutions, indicates focus areas for APRA in the upcoming period of regulatory supervision.
APRA called for self-assessments on a range of ADIs, insurers and super funds and asked those entities to assess their present capabilities in non-financial risk management as well as in matters of culture and governance. APRA released the paper to further assist the sector in addressing the challenges of embedding effective risk governance practices within their organisations.
APRA observed some key emerging themes from the self-assessments:
Significant uplift is required across industries to bring governance and the management of non-financial risks to an appropriate standard. APRA – 22 May 2019
In a clear signal to the sector, APRA foreshadowed increased supervisory intensity for governance, accountability and culture for all regulated institutions. Given Hayne’s robust commentary on the performance of regulators, we can expect APRA to walk the talk on this.
The questions for institutions to now ask themselves include:
There is no doubt that regulatory focus on whether institutions are proactively improving the management of non-financial risk, and prioritising risk culture, governance and remuneration will continue to sharpen. There is also no question that, in this regard, all organisations – and particularly financial institutions – must be able to demonstrate, both to regulators and, increasingly, the public, an effective and continuing response to these challenges.
Publication
On 18 March 2025, the Science-Based Targets initiative (SBTi) published an initial draft of its long-awaited “Corporate Net-Zero Standard V2” (Draft Standard).
Publication
With the making of the first methodology and related instruments under the Nature Repair Act 2023 (Nature Repair Act), being the Nature Repair (Replanting Native Forest and Woodland Ecosystems) Methodology Determination 2025 (Replanting Method), project proponents now have the ability to register biodiversity projects under the Nature Repair Market.
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