Aussie banks investing in net zero faster than global peers

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

Microsoft says Australian banks are putting their money where their ambitions are as the race to net zero hastens.

Australia’s banks are making more investments to achieve net zero commitments than their global peers, spending on the measurement of their existing emissions and technology to help specific industries they finance, according to a new study commissioned by Microsoft.

The investments are being used to ensure banks can measure their own emissions and those of the industries they finance. Mr Shoemaker said the systems used “can’t be overly complex” and processing cannot be too manual to reach a point where managing environmental risk is as core to the banks as managing financial risks.

“Such a heavy aspect of it is scope three or financed emissions [for banks], and so that piece around helping their client portfolio or helping their suppliers transition is a critical one to get to, to be able to get to net zero,” Mr Shoemaker said.


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why does Microsoft care where our Electricity is coming from. I worry more where MSFT sources its raw materials from and are they ethically sourced

Have they checked the net zero disaster unfolding in Europe?

Microsoft, the PC software company, is now guiding Australian banks investment? 🙄

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forrest ‘locked and loaded’ for net-zero but does Fortescue have the calibre?Andrew Forrest does not hold back: if you doubt his miner Fortescue will be a world leader in reducing emissions then you are one of “the f---wits that loves fossil fuels”. PeteMilne4 Do his private jets run on solar panels?
Source: theage - 🏆 8. / 77 Read more »

Global turmoil to test both Reserve Bank and Albanese governmentFrom claims of “moronic” policy in Britain to soaring borrowing costs at home, the RBA and the Albanese government face a testing few weeks. swrighteconomy So the L plate treasurer thinks adding 240 billion to national debt for high income tax cuts that includes every politician is a good idea.🤦 Trillion dollar debt, endless budget deficits, cost of living crisis, rampant inflation, rising interest rates, global uncertainty auspol
Source: theage - 🏆 8. / 77 Read more »

Global turmoil to test both Reserve Bank and Albanese governmentFrom claims of “moronic” policy in Britain to soaring borrowing costs at home, the RBA and the Albanese government face a testing few weeks.
Source: smh - 🏆 6. / 80 Read more »

Regional bank closures continue to devastate communities as banks push online bankingThe Regional Banking Taskforce is calling on banks to improve communication with regional customers and ensure local councils receive forewarnings of branch closures. WBC closing a branch in Ayr. Rich cane farming district. Lots of elderly. Customers taken for granted. No, they’re setting up the cashless society. More control over the people. I don’t want the world to know every time I buy a drink
Source: abcnews - 🏆 5. / 83 Read more »

Liz Truss’s poll ratings plummet lower than Boris Johnson’s before he was forced outPrime minister’s net approval falls to -37, while just 12% say mini-budget was ‘good’ Maybe Liz should shake Rupert's hand and if lightening strikes twice line up Putin , Trump etc. Dear lord what did the torys expect. They are the most hopeless bunch of losers. Why on earth did they pick this over Penny Mordaunt.
Source: GuardianAus - 🏆 1. / 98 Read more »

Asian migrants attend uni at more than double the rate of AustraliansThe children of skilled migrants are going to university at far greater rates than their Australian-born, English-speaking peers. are they skilled Asian migrants? they r duds They came here then they ended up running cafes bakeries Cha time estate agents Some did a commerce degree but ended up as estate agents We dont need shopkeepers We need engineers n nurses The bigger issue is the low rate of Pacific Island born going to Uni. Makes a training pathway to permanent residence for PALM Scheme workers rather than a lottery even more important. just because they born here and speak English it shouldn't mean they can afford to study and work more than a skilled migrant who can earn much more
Source: FinancialReview - 🏆 2. / 90 Read more »