Australia’s biggest lender, Commonwealth Bank, have released their latest climate report, which estimates the cost for the country to transition to net zero will be trillions of dollars. But loopholes in the bank’s policies keep the door open for fossil fuel investment, which has led to increasing shareholder pressures.
Deloitte has developed new solutions to help companies to manage the disruption caused by the rapid pace of change needed to keep up with net zero transformations.
ESG is becoming a competitive differentiator and is of increasing relevance to investors, regulators and consumers. It’s a means of showing how accountable a business is for its performance on a range of stakeholder issues. But it’s one thing to decide that action should be taken and another to identify who should take on that responsibility and how.
