Talking Business with Alan Kohler

Dr John Hewson Chairman of the Business Council for Sustainable Development Australia

06.02.2019 - By QantasPlay

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Leaders and senior executives of Australia’s major banks, superannuation funds, insurance companies, financial sector peak bodies, civil society and academia are coming together to set out a roadmap for realigning the finance sector to support greater social, environmental and economic outcomes for the country. The Australian Sustainable Finance Initiative is an unprecedented collaboration to help shape an Australian economy that prioritises human wellbeing, social equity and environmental protection, while underpinning financial system stability, in what it says is a ‘critical decade’ ahead. The roadmap will be delivered in 2020:

1. Mobilise capital to deliver on national and global sustainable development and climate goals;

2. Enhance the sustainability, resilience and stability of the financial system by embedding sustainability, climate and human rights considerations into financial markets and products;

3. Ensure better informed financial decision making by enhancing disclosures and transparency on environmental, social and governance risks and opportunities; and Deliver a financial system that meets community expectations around sustainability.

Dr Hewson discusses his political background, the new Australian Sustainable Finance initiative, Who’s involved, Why do we need it, What can we expect to happen as part of this initiative & will we eventually see a truly bi-partisan approach to Climate policy & Sustainability.

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