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Showing 1061 - 1070 of 3124 results for "ACT"

No role for monetary policy to address climate change

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
... economy where appropriate." In its first recommendation, the review said that the government should amend the Reserve Bank Act 1959 such that "the 'economic prosperity and welfare of the people of Australia now and in the future' is an overarching purpose ...

Modern slavery on the rise 10 years after Rana Plaza

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
... a significant rise of people in modern slavery over the last five years. In 2020, Australia introduced the Modern Slavery Act and companies have responded with reporting on exposures and risks in their operations and in their supply chains, but experts ...

Sustainability is facing a data crisis: new research

ROSE MARY PETRASS  |  THURSDAY, 20 APR 2023  |  NEWS
Inadequate data, fear of greenwashing and economic pressures is stalling progress on sustainability, according to a new study from Google Cloud. The study, conducted by The Harris Poll, found that greater accountability, better measurement and management ...

South Korea leads with ESG fund disclosure taskforce and anti-greenwash laws

ROSE MARY PETRASS  |  THURSDAY, 20 APR 2023  |  NEWS
South Korean markets watchdog the Financial Supervisory Service (FSS), has announced a taskforce to develop ESG fund disclosure standards. The framework will cover investment strategy and targets, relevance to ESG, manager capabilities and performance ...

Amundi launches suite of Net Zero funds

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
European asset manager Amundi has launched a suite of Net Zero Ambition funds across multiple asset classes aimed at both institutional and retail investors. The goal of the Net Zero Ambition funds is to invest in companies "best to support the transition ...

$500bn investment needed to decarbonise NEM

RACHEL ALEMBAKIS  |  TUESDAY, 18 APR 2023  |  NEWS
... have state and federal alignment but also at the global level, it's only going one direction. The US Inflation Reduction Act is a global gamechanger." Buckley explained that Australia does not have the capacity to do a competitive version of the ...

ASX 200 modern slavery disclosure lags

RACHEL ALEMBAKIS  |  TUESDAY, 18 APR 2023  |  NEWS
... 8% of companies identified a modern slavery incident or allegation in the third year of reporting under the Modern Slavery Act, according to new research from the Australian Council of Superannuation Investors (ACSI). ACSI has commissioned Compliance ...

IGCC calls on government to boost Aussie green industry

ROSE MARY PETRASS  |  MONDAY, 17 APR 2023  |  NEWS
... unique resources to realise our competitive advantage." In the US alone, since the introduction of the Inflation Reduction Act (IRA) approximately $40 billion worth of investment in the electric vehicle, battery, and solar manufacturing sectors has been ...

Hong Kong stock exchange proposes climate disclosures

ROSE MARY PETRASS  |  MONDAY, 17 APR 2023  |  NEWS
The Stock Exchange of Hong Kong has proposed mandatory climate-related disclosure for its listed companies. The exchange has published a consultation paper that proposes enhancement of climate-related disclosures under its environmental, social and ...

Quinbrook acquires US biofuel producer

RACHEL ALEMBAKIS  |  THURSDAY, 13 APR 2023  |  NEWS
... co-founder David Scaysbrook links this investment and future investments to the catalysing impact of the US Inflation Reduction Act (IRA). In its 15 years of operation, PurposeEnergy has developed, owned and operated multiple projects that convert organic ...