Editor's Choice

Nesta pulls $247m mandate from Northern Trust over climate stance

VINNY VUCAGO
UK research and innovation foundation Nesta Trust has transferred £120 million ($247m) of assets from Northern Trust Asset Management to Amundi after the US manager withdrew from major global climate initiatives, highlighting the growing commercial consequences of fund managers stepping back from climate ...

SG Hiscock launches critical resources fund

RIDDHIMA TALWANI
SG Hiscock & Company has launched a global equities strategy which will provide investors with a concentrated portfolio of high-quality global resource companies, including businesses that are often overlooked by broader resources strategies.

Morgan Stanley IM acquires QIC's Epic Energy

MATTHEW WAI
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), is acquiring the entirety of the Australian gas pipeline operator from QIC.

Igneo makes three acquisitions, launches energy platform

VINNY VUCAGO
Igneo Infrastructure Partners has launched a dedicated Australian distributed energy platform, Vertis Energy, alongside a series of acquisitions that will provide the business with an initial portfolio of 46 MW of solar assets.

Environmental

Ultra low-cost solar need speed and scale: ARENA

RIDDHIMA TALWANI   The Australian Renewable Energy Agency (ARENA) said while solar technologies are improving, the speed and scale of delivering large projects are now the key risks to achieving Australia's ambitions for ultra low-cost solar.

Podcast: Greenwashing 2.0 - The next big risk

THE GREENER WAY   As climate disclosure becomes mandatory and regulators crack down on misleading environmental claims, is greenwashing becoming less about marketing spin and more about governance, reporting and accountability?

Governance

Climate Council urges tougher data centre energy rules

VINNY VUCAGO   The Climate Council has welcomed the federal government's commitment to require new large scale data centres to support additional renewable energy but warned the success of the reforms will depend on how quickly the rules are implemented.

HIA backs bold housing reforms

VINNY VUCAGO   The Housing Industry Association (HIA) has welcomed the Productivity Commission's interim report into housing supply regulation, saying it validates long-standing industry concerns that planning systems, approval delays and infrastructure bottlenecks are constraining Australia's housing supply.

Corporate Strategy

Tokenisation can accelerate sustainability objectives: Northern Trust

MATTHEW WAI   Project Acacia identified significant economic growth opportunities with tokenised financial infrastructure in Australia, but the initiative extends further for those that are currently looking for more efficient ways to offset their carbon footprints.

Deloitte launches AI tool to measure value of sustainability

VINNY VUCAGO   Deloitte has launched a new framework and artificial intelligence (AI) powered platform designed to help organisations quantify the financial value of sustainable investments.

Positive Impact

Aware Super introduces reproductive health leave

RIDDHIMA TALWANI   Aware Super has introduced a new reproductive health leave entitlement for employees, offering up to 12 days of paid leave each year to manage reproductive health conditions and related medical treatments.

CEFC, Aviva Investors partner to afforest Tasmanian wetlands

RIDDHIMA TALWANI   The Clean Energy Finance Corporation (CEFC) is partnering with Aviva Investors and Gresham House to invest $142 million in sustainable forestry plantations in Tasmania.

Social

Wikramanayake exit highlights women leadership pipeline gap: CEW

RIDDHIMA TALWANI   Macquarie chief executive Shemara Wikramanayake's resignation highlights a gap in the economy of not having enough women in the leadership pipeline, Chief Executive Women (CEW) said.

Morgans Financial boost commitment to rural Australia

MATTHEW WAI   Morgans Financial has deepened its relationship with Rural Aid to strengthen support for farmers and rural communities across Australia.

Investment

Ratings downgrade, governance issues to stunt Centuria Bass Credit Fund flows: Morningstar

KARREN VERGARA   Amid a ratings downgrade and possible governance issues concerning the Centuria Bass Credit Fund (CBCF), Morningstar predicts the property debt fund will be pulled from major investment platforms and unlikely receive new inflows.

Nesta pulls $247m mandate from Northern Trust over climate stance

VINNY VUCAGO   UK research and innovation foundation Nesta Trust has transferred £120 million ($247m) of assets from Northern Trust Asset Management to Amundi after the US manager withdrew from major global climate initiatives, highlighting the growing commercial consequences of fund managers stepping back from climate commitments.

Executive Appointments

Capella Capital strengthens energy platform with multi-hires

MATTHEW WAI   Capella Capital has welcomed four new appointments to its energy platform, in a move to strengthen capability across renewable energy development, land acquisition, investment and project delivery.

CEFC names new chief executive

MATTHEW WAI   Clean Energy Finance Corporation chief investment officer of Rewiring the Nation Paul McCartney has been appointed the new chief executive for the group, effective September 18.