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Australia Post

Climate love

Australia to acknowledge climate risk to government bonds after world-first court settlement

The Australian government has agreed to settle what has been described as a world-first court case that accused it of misleading investors by failing to disclose the financial risk caused by the climate crisis. In 2020, Melbourne university student Katta O’Donnell launched a class action accusing the then Morrison government of breaching a legal duty and deceiving investors in sovereign bonds by not informing them upfront of the climate risk they faced. Her lawyers said it was a class action representing current and future investors in government bonds, which are considered one of the safest forms of investment. https://www.theguardian.com/law/2023/aug/30/australia-to-acknowledge-climate-risk-to-government-bonds-after-world-first-court-settlement

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  • johnte ndeto

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    45 w

    Good job Australia in championing climate affairs

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    • Kevin

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      45 w

      This is incredible news

      • Princess

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        45 w

        That's fantastic.

        5
        • Saustine Lusanzu

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          45 w

          Amazing! This is good news

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