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Marion Rae

Australia catching up with world on sustainable finance

United States Australia

Australia is moving rapidly from being a "laggard" on sustainable finance, new research suggests. (Dean Lewins/AAP PHOTOS)

Australia has barely squeaked through with a pass mark on sustainable finance, according to an independent tracker.

The Australian Sustainable Finance Institute's tracker released on Monday had an average score above a pass (2.6 out of 5) across the 37 recommendations, a rise of 0.6 from last year's average. Australia is moving rapidly from being a "laggard" on sustainable finance as it catches up with global developments, the institute's CEO Kristy Graham says.

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