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The Guardian - AU
The Guardian - AU
National
Lisa Cox

‘Abysmal’ number of Australian banks and super funds have policies to mitigate environmental risks: report

Pallets made from wood supplied by VicForests has been affected by court decisions halting logging that threatened native species.
Pallets made from wood supplied by VicForests has been affected by court decisions halting logging that threatened native species. Photograph: John White Photos/Getty Images

Australia’s major banks and superannuation funds are failing to properly assess the damage their investments and financial decisions do to nature or set targets to reverse that damage, according to new analysis.

How businesses manage nature-related risk is one of the major items under negotiation at a global conference in Montreal where countries are trying to settle a new international agreement for nature.

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