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Climate risk warning on government bond yields

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
... she said. If government bond yields are already pricing in transition risks, but those risk are not being appreciated by fund managers, there are several concerns, Ryan said. "If they're already showing up in models now, once climate change starts to ...

UniSuper caps future investment in fossil fuel

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
... and production of thermal coal. UniSuper has issued its fifth annual climate risk report, detailing the $108 billion super fund's progress towards its net zero 2050 target and activities around climate risk management. "Decarbonisation will be a pervasive ...

NZ Super Fund shifts $25 billion to low carbon indices

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 SEP 2022  |  NEWS
The NZ Super Fund has shifted about 40% of its overall portfolio to low carbon indices, a move that will "significantly reduce" the number of listed companies that the fund owns directly. The NZ$57 billion fund in June began to roll over its indices ...

Responsible investments top $1.54 trillion in Australia

RACHEL ALEMBAKIS  |  TUESDAY, 13 SEP 2022  |  NEWS
... medium to long term, and over some time frames achieved two or three times the returns. For example, the RIAA managed growth fund returned 25.7% over the past 10 years to the end of 2021, compared to the benchmark of the Morningstar Australia fund multi-sector ...

Cbus names new head of responsible investment

RACHEL ALEMBAKIS  |  MONDAY, 12 SEP 2022  |  NEWS
Cbus Super has promoted a new head of responsible leadership from within. Ros McKay has been appointed as head of responsible investment and will join Cbus' investment leadership team. In her new role, McKay will lead the evolution of Cbus' ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
APRA chair Wayne Byres flagged that the results of the climate vulnerability assessment (CVA) of the country's five largest banks are expected to be released "in a month or two." Byres highlighted that climate change is a disruptive risk in a speech ...

Glencore faces greenwashing allegations

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
The Environmental Defenders Office has filed a complaint with ASIC and the ACCC against mining company Glencore over allegations of greenwashing and behaviour towards Traditional Owners. The Environmental Defenders Office, on behalf of The Plains Clan ...

HESTA ups the ante on AGL, Santos on climate

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... stated climate strategies do not meet the transition pathway to containing global warming at 1.5˚C. The $68 billion super fund has also lifted its 2030 emissions reduction target to 50%, increasing its previous goal of 33% of normalised emissions against ...

Future Fund, UniSuper hire ESG execs

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
The Future Fund and UniSuper have augmented their ESG teams, with the Future Fund recruiting a high-profile industry executive to its investment stewardship team. Karin Halliday will join the Future Fund as director, ESG and investment stewardship ...

Climate skills development needed: University of Technology Sydney

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2022  |  NEWS
Insights from the UTS Institute for Sustainable Futures has seen 63% of investment professionals admit their climate skills need developing. As reported by sister publication Financial Standard, Research director Alison Atherton offered delegates to ...