Support for ESG strategies launched

Friday, 05 August, 2022

Support for ESG strategies launched

A new ESG management solution aims to provide Australian brands with support for their evolving ESG strategies.

FiscalNote ESG Solutions are designed to enable businesses to efficiently manage sustainability data, cutting through organisational silos and driving a holistic approach to ESG from a single, centralised platform.

Powered by AI, the solution suite offers a 360-degree view, enabling ESG leaders to identify gaps between organisations’ and suppliers’ actual impact. It makes it easy to understand the short- and long-term impact of strategies, investments and climate exposures.

“Decarbonisation is a massive priority in the Australian private sector, especially with the progressive side of politics holding a majority in both houses and aggressively pushing the climate agenda towards net zero. While local corporates have long championed the pathway to net zero and decarbonisation, we know it can be expensive to achieve these goals,” said Frank Meehan, General Manager, FiscalNote ESG Solutions.

“Over the last decade, companies have bought carbon credits at a rising cost to hit carbon neutral targets, but that kind of greenwashing approach isn’t going to fly in the next couple of years. To keep moving in the right direction as scrutiny on greenwashing claims amplifies, companies need the right tools on hand to manage an incredibly complicated process that moves beyond Scope 1 Carbon Emissions.”

The expansion comes as the push toward carbon neutrality and net-zero targets in Australia intensifies under the new Labor government. Scrutiny from the Australian Securities and Investments Commission (ASIC) on the ESG claims of organisations is also intensifying. ASIC recently outlined its expectations to investment managers and funds offering sustainability-related products, following the rapid growth of the sector in sustainable funds topping AUD $33.4 billion in Australia and New Zealand last year. This move increases pressure on organisations to connect internal data, layer external data, and integrate policies with constant legislation and regulatory changes.

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