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New Forests Asia fund reaches $120 million first close

RACHEL ALEMBAKIS  |  THURSDAY, 10 MAR 2022  |  NEWS
... assets and natural capital strategies investment manager New Forests has reached first close of its Tropical Asia Forest Fund 2 (TAFF2) with US$120 million of capital commitments. Investors in the first close include sovereign wealth, corporate, philanthropic ...

Australians expect ethical investing: RIAA

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 MAR 2022  |  NEWS
... said they are concerned with greenwashing and 74% considering moving to another provider if they found out their current fund was investing in companies engaged in activities inconsistent with their values. "It should be well known to the finance sector ...

Dire IPCC climate report should catalyse investor, business action

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
... to the human, social and environmental cost, climate risk is a material financial issue for companies, investors and super fund beneficiaries that has serious implications if not managed," said Australian Council of Superannuation Investors (ACSI) CEO ...

Hejaz Financial Services predicts $100m growth in 2022

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
Australian Islamic financial services provider Hejaz Financial Services anticipates adding an additional $100 million in assets under management during 2022 across a range of financial products. "That growth is being driven by an number of factors ...

APRA to survey all regulated entities on climate vulnerability

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) is sending a voluntary climate vulnerability assessment (CVA) survey to all regulated entities to see how their practices align with APRA guidance on managing financial risks of climate change. While ...

Active Super turns to fixed income carbon on road to net zero

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
... fixed income investments are the single largest contributor to its portfolio carbon emissions, with the $14 billion super fund using new calculations as the basis for its interim planning to meet their 2050 net zero target. Active Super has calculated ...

CEFC backs soil health technology platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 MAR 2022  |  NEWS
... emissions. The CEFC has allocated $1.6 million to UK-based Downforce Technologies via its specialist Clean Energy Innovation Fund. The investment will allow Downforce Technologies to take the next step in developing and commercialising its data-based ...

NSW rail operator signs $1.8 billion green sustainability linked loan

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 MAR 2022  |  NEWS
... sustainability performance targets. A distinguishing feature of this GSLL is that Reliance Rail will use margin savings exclusively to fund sustainability improvements rather than to reduce net funding costs, Reliance Rail said. The SPTs align to four ...

PwC Australia appoints first chief sustainability officer

RACHEL ALEMBAKIS  |  FRIDAY, 25 FEB 2022  |  NEWS
PwC Australia has hired an industry veteran as its first chief sustainability officer. Janette O'Neill joins PwC Australia from QBE Insurance, where she has been group head of sustainability since 2017. In her new role, O'Neill will provide leading ...

AGL takeover bid first, but not last on net zero grounds

RACHEL ALEMBAKIS  |  THURSDAY, 24 FEB 2022  |  NEWS
... of the funds, historically they re-list these businesses," Pittard as you say. "Private equity tends to have a seven-year fund and investors see a realised return after seven years. "In this case, we know it's a business transformation which could take ...