Unlocking Climate Capital: Investor Policy Priorities For The 48th Parliament's First 100 Days
Press Release – Investor Group on Climate Change
The Investor Group on Climate Change will be engaging with policy-makers across the new parliament to provide more detail on these recommendations and how they will support jobs, economic growth, and reduce the economic costs of climate change.
Australia's investment sector looks forward to working with Australia's new parliament on the policies that will keep building momentum towards a climate-resilient net-zero emissions economy.
Quote from CEO Rebecca Mikula-Wright
'Economic damages from growing extreme climate events remain the biggest risk to super funds and other investors being able to deliver sustainable returns for their 15 million Australian members.
'Australia has all the resources we need to create new jobs and prosperity based on our abundant renewable energy resources, our clean industries, and our adaptation know-how.
'As new and continuing MPs and senators return to Canberra in the coming months, investors will be very keen to resume and accelerate the progress Australia is making towards a net zero, climate resilient economy.'
Priorities
To support an orderly and least-cost transition, IGCC recommends the following actions for the 48th Parliament within its first 100 days:
Commit to a strong 2035 emission reduction target
Setting a target within the range advised by the Climate Change Authority will help investors get the confidence they need to invest in new renewable energy and other climate solutions in Australia.
Release comprehensive and just sector-by-sector plans, emissions reductions plans, and the new National Climate Risk Assessment and National Adaptation Plan.
With clear sector and adaptation plans and a suite of stable policies to manage climate risks and promote climate solutions, investors will have greater confidence to deploy capital in Australia and not in other markets.
Amend the Climate Change Act to include Net Zero Sector Plans, the National Adaptation Plan, and the National Climate Risk Assessment.
This would provide durable national frameworks for decarbonisation, adaptation and climate risk, supporting the policy continuity across governments that builds market confidence, and encourages capital deployment into Australian mitigation and adaptation from local and international investors.
The Investor Group on Climate Change will be engaging with policy-makers across the new parliament to provide more detail on these recommendations and how they will support jobs, economic growth, and reduce the economic costs of climate change.
About the Investor Group on Climate Change:
We are a leading network for Australian and New Zealand investors to understand and respond to the risks and opportunities of climate change.
Our members include our countries' largest superannuation and retail funds, specialist investors and advisory groups. Their beneficiaries include more than 14.8 million Australians, and millions more New Zealanders. Our members manage more than $35 trillion globally.
We are a not-for-profit and our work is funded by members' fees and philanthropy from supporters who understand the power of capital to support climate action.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RNZ News
39 minutes ago
- RNZ News
Australia's lowest paid workers to get above-inflation wage increase
Australia correspondent Nick Grimm spoke to Lisa Owen about the nation's Fair Work commission ruling Australia's lowest paid workers will recieve an above inflation wage increase, as well as long-term national study that has found a third of Australian men have used some form of intimate partner violence in their lifetime. To embed this content on your own webpage, cut and paste the following: See terms of use.
Techday NZ
5 hours ago
- Techday NZ
How businesses can close out FY24–25 on solid footing and start strong in FY25–26
Many Australian businesses are bracing for increased compliance scrutiny as the financial year draws to a close. The Australian Taxation Office (ATO) has flagged several key focus areas for FY24–25, including overdue tax debts, work-related expenses, capital gains, and rental income. Non-compliance in these areas can lead to substantial penalties, interest charges, and even legal action, as repeated late lodgements can result in increased fines, while unresolved tax debts could trigger garnishee notices or legal proceedings. This serves as a timely reminder to businesses of all sizes: take the end of the financial year (EOFY) seriously or risk facing serious consequences. Businesses with inconsistent record-keeping, unclear financial workflows, or unpaid obligations are more likely to attract attention. The ATO has invested in advanced data-matching tools and artificial intelligence (AI) to cross-check reported income and deductions against third-party sources, meaning even minor oversights can trigger audit activity or delays in processing. The most common pain points during EOFY tend to come down to two things: disorganised processes and incomplete information. It's easy to miss valid deductions when receipts are scattered across inboxes or stored on personal devices as manual reconciliation can take days for lean financial teams. Payments to suppliers can also slip through the cracks when approval workflows are unclear or not followed consistently. These issues might seem minor in isolation; however, they often reflect deeper structural problems in how expenses and invoices are managed. Now is the time to close those gaps. Businesses should start by gathering complete records for income, expenses, assets, and liabilities. Finance personnel need to go beyond general ledgers and profit-and-loss statements, and carefully review reimbursement claims, subscription costs, software expenses, and travel records. The next step is to consolidate the data to get a single, accurate view of payments, especially if the business has used multiple systems to process payments or expenses. It's important to also check whether claims align with ATO expectations. For example, the ATO has emphasised again that work-from-home deductions must reflect actual usage, not estimates. It also continues to highlight common errors in rental income reporting and capital gains declarations. These areas are under close watch, and discrepancies are harder to defend when documentation is patchy. Compliance is only one part of the EOFY picture. Cybercriminals target finance teams with tax-themed scams at this time of year. According to the Australian Competition and Consumer Commission (ACCC), Australians lost more than $152 million to payment redirection scams in 2024, up from $91.6 million the previous year, making it one of the top five scam types by financial loss. This highlights the need for tighter controls. Business leaders must review who has approval access, how and where sensitive documents are stored, and the process used to verify vendor details. It's also critical to validate that everyone involved in payments or account management understands these risks and are trained to spot suspicious activity. Businesses that want to reduce risk and simplify EOFY reporting can make immediate gains by automating expense and invoice management. Automation tools reduce reliance on spreadsheets and email chains while applying consistent rules and approval flows simultaneously, which helps teams process claims faster and with fewer errors. This gives businesses of all sizes clearer visibility into spending and more accurate data for compliance reporting and strategic planning. Businesses can shift their focus to FY25–26 ahead once EOFY obligations are complete. Notably, e-invoicing will become mandatory for all Commonwealth agencies and their suppliers from 1 July 2025. Adopting this early can help businesses reduce processing times, cut operating costs, and improve cash flow. The start of the financial year is the ideal time to step back and assess what's working and what needs improvement. Delays in approvals, hard-to-produce reports, or unclear spending are signs of deeper process issues. Now's the time to fix them. EOFY is an opportunity for businesses of all sizes to improve how they manage spending, reporting, and decision-making. Those that invest in better systems now will be better positioned to grow in the year ahead.
Techday NZ
5 hours ago
- Techday NZ
Vectra AI named leader in 2025 Gartner report for NDR sector
Vectra AI has been recognised as a Leader in the 2025 Gartner Magic Quadrant for Network Detection and Response (NDR). The Gartner Magic Quadrant is a research methodology and graphical representation that evaluates technology vendors within a specific market, in this instance the emerging field of NDR. Vectra AI was positioned highest for Ability to Execute and furthest for Completeness of Vision in this latest report, marking a significant recognition within the cybersecurity sector. The distinction comes as cybersecurity concerns remain prominent for organisations in Australia, with data from PWC indicating that 67% of Australian organisations have identified cyber risk as their top concern in the coming year. Other issues, including inflation, economic volatility, and geopolitical factors, were ranked as lesser priorities. In response to these concerns, half of the organisations surveyed plan to increase their cybersecurity budgets by at least 6% in 2025. Vectra AI's platform is designed to defend hybrid environments against identity and network-based attacks. According to the company, its AI agents continuously triage, correlate, and prioritise genuine threats in real time, an approach intended to accelerate response and reduce alert fatigue for security professionals. The platform provides coverage across cloud infrastructure, data centres, remote workforces, and operational technology domains, supporting security teams in their efforts to mature their security operations. Hitesh Sheth, Founder and CEO of Vectra AI, commented on Gartner's decision to initiate a Magic Quadrant for NDR. "Gartner's decision to publish a Magic Quadrant for NDR reflects just how essential this market has become in modern cyber defence," said Sheth. He added, "Being recognised as a Leader in this inaugural report reinforces Vectra AI's position at the forefront of this critical space. As organisations grapple with growing complexity, identity-based attacks, and AI-driven threats, the Vectra AI Platform delivers what modern defenders need – coverage that reduces exposure, clarity that cuts through the noise, and control to act with speed and confidence." Vectra AI is also the only vendor in the report to have been named both a Leader in the Gartner Magic Quadrant for NDR and a Customer Choice Winner in the 2024 Gartner Peer Insights Voice of the Customer for NDR. According to Gartner Peer Insights, as of January 2024, Vectra AI holds a 4.8 out of 5 rating from 96 customer reviews, with 96% indicating they would recommend the platform. This customer feedback has contributed to its positioning in the latest Magic Quadrant report. The increasing complexity of cybersecurity threats, including the speed at which attackers can move laterally across identity, cloud, and network layers, has heightened demand for integrated security solutions. Sector analysts and Vectra AI alike have noted that traditional, siloed security tools can leave organisations vulnerable, driving the need for unified visibility and AI-driven detection capabilities to respond rapidly to threats. The NDR market has grown as organisations seek to supplement existing security strategies with solutions capable of offering greater detection accuracy and more timely responses. Vectra AI's platform aims to provide security teams with the means to detect, hunt, investigate, and respond to attacks spanning the full threat landscape. The company has been acknowledged for its commitment to customer satisfaction, with product performance and support frequently highlighted in customer reviews. Vectra AI maintains a focus on ongoing development to keep pace with the continuously evolving tactics used by threat actors targeting modern networks. The Gartner report recognises vendors that demonstrate both the ability to execute on their strategy and the completeness of their vision in the NDR market. Vectra AI's dual accolades from both analyst and customer perspectives come as cyber defence continues to be prioritised by organisations concerned about the shifting digital threat landscape.
