New mass vaccination hub opens in Victoria
Head of WA’s AMA says hotel quarantine has been ‘a human rights catastrophe’
Queensland reports no local Covid cases
Big super funds take a stand on climate
Big super funds have threatened to vote against company directors who do not ensure their businesses are committed to action on global heating that includes hitting net zero by 2050.
The Australian Council of Superannuation Investors (Acsi), which represents investors that manage more than $1tn in retirement savings and hold about 10% of the shares in the top 200 companies in the country, said some boards were not tackling the climate crisis quickly enough.
Its tougher stance comes after a week in which regulators and ratings agencies stepped up the pressure on corporate Australia to properly consider climate risks and the US president, Joe Biden, increased the pressure on the Australian government to commit to emissions cuts sooner.
Australian companies attempting to find new markets due to the trade war with China face a risk that Europe will impose border taxes due to the country’s high emissions. At the same time, research released this week by insurance group Swiss Re estimates that Australia’s economy will take a hit of as much as 12.5% by 2050 if the globe warms by 2.6C.
You can read the full report below:
Greece lifts quarantine restrictions for Australian travellers