Australian Sustainable Finance Initiative
ASFI plots Australia’s path to zero emissions
The Australian Sustainable Finance Initiative roadmap, published on 24 November, puts forward a plan to align the Australian economy and financial system with outcomes that encourage sustainability, resilience and future prosperity. It sets ambitious targets, including some that stretch beyond federal government goals, and lays out a timeline for achieving them.
Green RMBS on hold but pieces coming together
Decarbonisation of Australia’s housing sector has been slow to gather momentum and funding the process has made little impression on capital markets. But evolving standards, data availability and definitions may give mortgage lenders the tools they need to build a bigger green securitisation market.
Time for Australian sustainable finance to step up to the plate
Clearer policy direction, the development and implementation of a local taxonomy and mandatory climate reporting, and the impending inevitability of energy transition seem set to turbo charge the Australian sustainable finance market. Speakers at the KangaNews Sustainable Debt Summit in Sydney on 19 March discussed the economic and market impact of this inflection point.
Mandatory climate reporting puts business in the hot seat
Long-anticipated mandatory climate reporting for corporate Australia took a step closer to reality in January as the Australian government published its draft legislation for the forthcoming regime. Industry experts speak to KangaNews about what it means for businesses – and who will be ready for the task.
Taming the energy transition beast
In late 2023, MUFG – facilitated by KangaNews – hosted its inaugural conference in Sydney focused on transition and access to global capital, as part of the MUFG N0W series of regional events. The scale and scope of the energy transition task means it will shape and even define capital markets in the coming years, in all areas and types of finance.
Resilience to the fore in corporate Australia – in funding as in business
The KangaNews-Westpac Institutional Bank Corporate Debt Summit 2023 took place in Sydney in mid-October. A record number of delegates gathered to discuss the present and future of the Australian corporate environment, from the economic outlook and business conditions to the forthcoming impact of generative AI. In the mix was a steady but unspectacular corporate bond issuance environment that belies fundamental growth in domestic credit.
