This report benchmarks the performance of Australia’s biggest banks in achieving their commitments to reach net zero emissions, finding that they continue to fall short despite progress. The report provides 19 recommendations to help banks progress and expand their climate goals and increase transparency while protecting against risk.

Australians continue to invest in the production of nuclear weapons through their superannuation. In 2023, major superannuation funds invested at least $3.4 billion in companies that produce the worst weapons of mass destruction.

This first report of an Environmental, Social and Governance (ESG) Reporting Standard for Australian community housing organisations has revealed significant progress in sustainability practices among early adopters. It provides evidence to investors and other stakeholders of the sector’s sustainability credentials.

Despite such climate-related risks to investment returns as extreme weather, new technologies, changes in climate policy and consumer preferences that can disrupt businesses and their supply chains, this survey report shows the investment sector is not yet using its capital and its influence to drive the transition to net zero.

The report highlights the progress and challenges faced by Australian investors in addressing climate change. It is based on survey responses collected in September 2023 from 63 firms managing AUD$5 trillion on behalf of Australian beneficiaries.