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The challenge of evaluating impact investing's fundamentals

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 FEB 2022  |  NEWS
Defining positive impact is a challenge for investors, and advisers need to evaluate fund managers' impact claims against their intentionality, the measurability of social or environmental impact, and the manager's contribution towards that impact ...

Westpac, CEFC join Australian Industry ETI

RACHEL ALEMBAKIS  |  TUESDAY, 22 FEB 2022  |  NEWS
Westpac and the Clean Energy Finance Corporation (CEFC) have joined the Australian Industry Energy Transitions Initiative (Australian Industry ETI). The Australian Industry ETI is a coalition of industry and finance organisations focusing on accelerating ...

Inflows to sustainability options on BT platforms double

RACHEL ALEMBAKIS  |  THURSDAY, 17 FEB 2022  |  NEWS
Net inflows into sustainable investment options have more than doubled in the year to June 2021, BT reported in its quarterly update. There is strong demand from advisers for ESG solutions - 82% of advisers are interested in ESG solutions for their ...

ANZ takes $50 million stake in Pollination Group

RACHEL ALEMBAKIS  |  THURSDAY, 17 FEB 2022  |  NEWS
ANZ is investing $50 million for a minority equity stake in specialist climate change and nature-based solutions investment and advisory firm Pollination Group. ANZ and Pollination announced that they will form a new strategic partnership to deliver ...

Using ESG signals part of shorting strategy: Plato Investment Management

RACHEL ALEMBAKIS  |  THURSDAY, 17 FEB 2022  |  NEWS
Using ESG signals to short high carbon-emitting companies that have a strong likelihood of underperforming is a key strategy of Plato Investment Management's new active net zero long/short hedge fund. The Plato Global Net Zero Hedge Fund aims to outperform ...

Rest taps Calvert, Parametric for enhanced ESG mandate

RACHEL ALEMBAKIS  |  MONDAY, 14 FEB 2022  |  NEWS
Rest has awarded an enhanced ESG mandate to Parametric Portfolio Associates and Calvert Research and Management to provide further diversification to its Sustainable Growth ethical investment option. Parametric and Calvert will implement ethical and ...

CFOs see ESG action as central: Deloitte

RACHEL ALEMBAKIS  |  THURSDAY, 10 FEB 2022  |  NEWS
... is capital out there." Other issues that challenge CFOs is the perception that they lack the skills and knowledge needed to act on ESG - 58% of CFOs cited that as a barrier. Foundational to action on ESG is identifying risks and opportunities and establishing ...

TCorp issues $1.5 billion sustainability bond

RACHEL ALEMBAKIS  |  THURSDAY, 10 FEB 2022  |  NEWS
TCorp has issued another $1.5 billion sustainability bond, linked to both social and green projects in the state of NSW. The $1.5 billion 2.50% 22 November 2032 benchmark sustainability bond is TCorp's fourth bond issued under the NSW Sustainability ...

Oliver Wyman appoints ex-Westpac exec as special adviser

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 FEB 2022  |  NEWS
Oliver Wyman has appointed Lyn Cobley as senior adviser, with responsibility in driving "real change in sustainability." Cobley, ex-Westpac Institutional Bank Chief Executive, will work closely with Oliver Wyman's Australia practice. "Lyn's ...

ASX300 action on modern slavery "lagging"

RACHEL ALEMBAKIS  |  MONDAY, 7 FEB 2022  |  NEWS
... for investors in Australian companies that clearly aren't being addressed." Under the Commonwealth's Modern Slavery Act of 2018, organisations that operate in Australia and have more than $100 million in annual revenue have to report annually ...