News Releases


August 2017


SBA releases new insights on business readiness for decarbonisation

Sustainable Business Australia (SBA) today released a report for C-Suite executives to assist with business in becoming more transparent with their investors about climate-related financial risks and opportunities, transitioning to a zero-carbon economy.

The report “Climate Action in 2017 – Insights into the readiness of Australian business to disclose climate-related financial risks and opportunities” is based on research by SBA using the CDP climate disclosures from the ASX200 and analysis and insights by leading environmental and energy management advisory firm, Energetics.

The report calls on business to disclose carbon liabilities; for transparency about emission reduction strategies and, for climate response strategies to be integrated into core businesses. The report provides insights into how Australian business is evaluating and disclosing their material climate risks and opportunities that are most relevant to their business activities and asks how well prepared they are to meet the increasing level of disclosure being demanded by investors and shareholders.

We have two key messages today:

Firstly, around half of Australia’s major businesses will be using an internal carbon price to help manage their business and reduce risk within two years, as momentum builds within the corporate sector to have net zero carbon emissions by mid-century.

The findings come from research conducted over the past 12 months involving 41 per cent of ASX200 listed entities. The research was conducted by Sustainable Business Australia, the country’s peak business body for sustainable development, and found approximately a third of businesses surveyed have already implemented an internal carbon price and this is forecast to grow to 50 percent in the next two years.

Further, there has been significant improvement in recent years in the number of companies setting targets for emissions reductions. Of those providing data, 85 per cent of companies globally and 60 per cent of Australian companies have already set targets to reduce their greenhouse gas emissions.

Secondly, Australian business is being urged to accelerate efforts to act on climate risk and meet growing demands from investors, community, government and international business, for greater transparency, accountability and commitment from the nation’s chief executives.

The report calls on business to disclose carbon liabilities; for transparency about emission reduction strategies and, for climate response strategies to be integrated into core businesses. The report provides insights into how Australian business is evaluating and disclosing their material climate risks and opportunities that are most relevant to their business activities and asks how well prepared they are to meet the increasing level of disclosure being demanded by investors and shareholders.

Here are the direct links to the our information:

Thanks again for your interest in sustainable development in Australia and we look forward to your feedback.


July 2017


News Release: Next steps agreed to more sustainable business in Australia

Australia’s peak body for sustainable business, Sustainable Business Australia, has welcomed the communique by the world’s leading business organisations on sustainable development, saying Australian business must now move to incorporate the Sustainable Development Goals into business-as-usual. 

In New York this week at the United Nations High Level Political Forum on Sustainable Development, more than 1,000 participants representing business, government and civil society came together to report on significant achievements and commitments undertaken by business and emphasise private sector efforts to catalyse sustainable growth and development.

The Sustainable Development Goals (SDG) Business Forum ended with the publication of a business communique issued by the leading business organizations that organized the event. The statement highlights business support for the SDGs as a framework of universally applicable goals to tackle the world’s most pressing social, economic, and environmental challenges in the lead-up to 2030 and beyond and calls on the UN system and its member states to foster further collaboration in putting the appropriate political incentives and frameworks in place.

Sustainable Business Australia is a Global Network Partner of the World Business Council on Sustainable Development, a leading business participant in the New York event.

SBA Chief Executive Andrew Petersen said the organisation would now encourage Australian businesses to adopt the principles of the communique.

“Australian business is highly engaged on sustainability. However, with the rapidly changing needs of the planet, consumers, workforces, government and communities when it comes to sustainable development, business must constantly revaluate strategy,” Mr Petersen said.

“Countries have, through this unique United Nations platform, set the agenda with the Sustainable Development Goals and best practise globally is rapidly becoming the incorporation of these into corporate philosophy, policy, planning and practises.

“The opportunity for strong sustainable balanced and inclusive prosperity and the elimination of poverty in all its forms, through the implementation of the Sustainable Development Goals, only be achieved in Australia with hard collaborative work by government and business at all levels.

“While there’s high level knowledge and support for the goals, we need to move that support from the multi-national boardrooms to regional and national operations.

“We have to make the Sustainable Development Goals business as usual in Australia. That’s the challenge for Australian business and government. It is a challenge both have to accept as the planet is demanding it and people are becoming increasingly concerned about our long-term future.

“This concern is translating itself into greater consumer and shareholder activism and changing behaviour and preferences at the point of sale. Australia incorporating the goals into business as usual will help drive sustainable competitive advantage,” Mr Petersen said.

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Updated: 15 September 2017