Earlier this year, the authors of this article were involved in a research project aimed at assessing the state of play of sustainable finance in Australia. The project was supported by Climate-KIC Australia with funding from the European Union in the frame of the Strategic Partnerships for the Implementation of the Paris Agreement (SPIPA) program. It resulted in a report entitled Unlocking Australia’s Sustainable Finance Potential published in June 2019.1
This article draws on the findings of the report to explore the implications of the sustainable finance agenda for corporate governance. It provides a summary of international developments; an update on the Australian situation; and it highlights likely areas of change relevant to governance professionals.