Industry players are predicting that Australia’s developing green finance sector will be an essential component of corporate funding within five years.
“We see it as a megatrend, one of those global themes that are going to be integral to Australia’s economic development,” Katharine Tapley, ANZ, sustainable finance, told FinanceAsia.
“In Australia, business is well aware of climate change risk and sustainable development concerns and issues,” said Tapley.
“All the major finance regulators have made clear statements about how climate change risk equates to financial risk. And there’s very rarely a top ASX 100 listed company that doesn’t have clear objectives around...