The Queensland Government is a steward of Queensland’s abundant natural, human and capital resources for future generations. It acknowledges the increasing expectations of the global community to demonstrate its approach to considering ESG risk factors and sustainability issues in its decision making. Queensland is well-positioned to mitigate risks and capture opportunities presented by environmental and social challenges, both today and into the future. Ongoing engagement with investors and stakeholders on sustainability issues is key to focusing our efforts.
Find out more at https://www.treasury.qld.gov.au/programs-and-policies/esg/.
Queensland has a solid foundation of action on climate change, steadily built up over the past decade, which has been strengthened by Australia ratifying the Paris Agreement in 2016 and Queensland setting the target of Zero Net Emissions by 2050.
It has set targets for reducing emissions while creating jobs:
- 50%1 renewable energy target by 2030
- 30% emissions reduction below 2005 levels by 2030
- zero net emissions by 2050.
See the Queensland Government’s Climate Action Plan 2030 at www.des.qld.gov.au/climateaction/about.
1 For the purposes of measuring performance against this target, the Queensland Government currently reports a measure of renewable energy generation in Queensland as a proportion of electricity consumption within Queensland (excluding exports). i.e. An estimate of the proportion of electricity consumed in Queensland that is generated from renewable sources.
As of 2021, the State of Queensland received an MSCI ESG Rating of AA, ESG Trend Negative. MSCI Disclaimer.