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Showing 91 - 100 of 424 results for "banks"

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024  |  NEWS
... research into the impacts of borrowing on the well-being of borrowers may contribute to changed ethical expectations of banks and other lenders."

Fossil fuel funding down 20pc: study

ROSE MARY PETRASS  |  FRIDAY, 24 MAY 2024  |  NEWS
... fuel companies has fallen sharply overall since the Paris Agreement was inked in 2016 but progress among the world's top banks has been mixed. The world's 60 largest banks, including Australia's Big Four banks, committed US$6.9 trillion to the fossil ...

Subsidiaries must comply with Aussie regime

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
... Sustainability Reporting Standards (ASRS), even if they already make disclosures under foreign regimes, EY finds. Alexandra Banks, partner at EY, climate change and sustainability services, has been receiving an influx of questions related to the application ...

New fintech partnership tracks carbon

ROSE MARY PETRASS  |  FRIDAY, 19 APR 2024  |  NEWS
... partnerships, allowing clients to understand carbon footprint based on spending patterns. The fintech currently works with 20 banks across 12 countries and plans to double this figure over the next year. Its clients include Westpac, Commonwealth Bank ...

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
Climate Energy Finance (CEF) says buildings are the "low-hanging fruit" that make up the lion's share of the big four banks' sustainable finance target (SFT) of $385 billion by 2030 - while just 7% flows to financing clean energy and hard-to-abate sectors. ...

Social impact groups bolster leadership

ROSE MARY PETRASS  |  MONDAY, 15 APR 2024  |  NEWS
International Justice Mission (IJM), the world's largest anti-slavery organisation, has appointed a new Australian CEO. Plus: award-winning sustainable fashion house The Social Outfit gets new head of impact. David Braga has been appointed to lead ...

DEI winner takes home top prize

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
A social enterprise that employs refugee and migrant women has won the National Banksia Award; it's the first time a nomination in the DEI category has taken out the top sustainability prize. The fashion house The Social Outfit provides employment and ...

Borrowers pressured for plans as Scope 3 left in dust

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
... season and AGM's are well underway, with shareholder resolutions at large listed companies increasingly focusing on climate. Banks and asset management firms are facing pressure to publicly disclose their proxy voting records on climate-related shareholder ...

Members beef up ESG checks

ROSE MARY PETRASS  |  TUESDAY, 19 MAR 2024  |  NEWS
... contributing to human rights abuses (48%) or climate change (48%). On the environment front, net zero looms large: 76% want their banks and funds to make formal commitments to net zero by 2050. Human rights are also a key concern, with 89% saying they ...

Climate group exodus unlikely to hinder climate action: IGCC

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
Invesco is the latest departure from the Climate Action 100+ network, as four major US banks leave climate benchmark group the Equator Principles. Insiders insist the news has been sensationalised by the media and that more firms are joining than are ...