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Commonwealth Bank

Commonwealth Bank

Commonwealth Bank is tagged in 3 stories.
UK Government Calls on Top Pension Funds to Disclose Climate Risks
UK Government Calls on Top Pension Funds to Disclose Climate Risks

6 years ago - The UK’s Environmental Audit Committee (EAC) is calling on top pension funds in the UK to disclose information on the risks that climate change poses to pension savings. The move was prompted by an admission from the Department for Work and Pensions that there is widespread misunderstanding amongst trustees on the scope of their fiduciary duty in relation to environmental risks.

3 Environmental Lawsuits That Have Helped Society
3 Environmental Lawsuits That Have Helped Society

6 years ago - For Big Oil and lobbyists of legislative bodies, money talks. Unfortunately, keeping investors and corporate bigwigs happy often takes precedence over any environmental concerns. Trying to effect real change for the good of the environment can seem impossible at times given the vast amount of power in play.

First-Ever Lawsuit Over ‘Inadequate’ Climate Risk Disclosure Could Set New Precedent for Businesses
First-Ever Lawsuit Over ‘Inadequate’ Climate Risk Disclosure Could Set New Precedent for Businesses

6 years ago - It is becoming increasingly important for companies to disclose information about long-term climate risks as more and more investors are using this information to inform financial decisions. While a general shift towards transparency is taking shape, many businesses still lag behind in sharing information about their environmental performance and impacts — as well as the consequences of a changing climate on their operations. However, the launch of the world’s first-ever climate disclosure lawsuit could help accelerate the uptake of the practice.