On Apr. 17, AST CC issued proposal re sustainable finance initiatives.
AST CC issued draft determination proposing to grant conditional authorization to the Australian Sustainable Finance Institute for collaborative sustainable finance initiatives.
Follows AST CC Mar. 2025 granted interim authorization allowing ASFI and member banks to discuss and exchange data solely for developing proposals, see #246296.
Proposed Collaborative Activities
Improving integration of natural capital data into financial decision-making, and co-designing investment structures and developing regulatory reform proposals.
Allowing participants to jointly develop and propose to AST GVT or ASFI effective investment structures and product features for sustainable investment products.
Facilitating development of sustainable farming practices, supporting producers to meet export sustainability regulations, and contributing to emissions reduction targets.
Increasing the flow of private capital into sustainable investment opportunities.
AST CC Assessment
Draft determination includes amendments to the authorized conduct and proposes conditions to limit negative impacts; AST CC seeks to ensure sufficient oversight and transparency of arrangements, appropriately limit data sharing circumstance, content.
AST CC is satisfied with proposed conditions, benefits would outweigh potential harm.
