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BlackRock raises $500m for Super Battery

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023  |  NEWS
BlackRock Alternatives has secured over $500 million from Australian and global institutional and sovereign co-investors to expedite the development of the Waratah Super Battery. The Waratah Super Battery (WSB), believed to be one the largest committed ...

RIAA CEO Simon O'Connor to exit after 10 years

ROSE MARY PETRASS  |  THURSDAY, 29 JUN 2023  |  NEWS
After serving as chief executive of the Responsible Investment Association Australasia (RIAA) for more than 10 years, Simon O'Connor is leaving the professional network at the end of this year. O'Connor took the position in February 2013, leaving ...

Treasury seeks feedback on mandatory climate-related financial disclosures

ROSE MARY PETRASS  |  WEDNESDAY, 28 JUN 2023  |  NEWS
A second consultation paper released this week by Treasury asks for feedback on a standardised, internationally-aligned, mandatory climate-related financial disclosure framework that will be implemented starting from 2024. The new framework, informed ...

CEFC, NGS, Minderoo back Adamantem fund

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023  |  NEWS
Adamantem's Environment Opportunities Fund (EOF), backed by the likes of NGS Super and the Minderoo Foundation, announced its first close of $150 million. The fund targets businesses valued between $50 million and $100 million that help the transition ...

Fidante partners with Proterra Asia

CASSANDRA BALDINI  |  WEDNESDAY, 28 JUN 2023  |  NEWS
Challenger's multi-affiliate has entered a strategic partnership with Proterra Investment Partners Asia via a minority stake. Fidante said the private equity investor, which focuses on the Asian food and agribusiness sectors, aligns with its overarching ...

Forrest and US government back First Nations start-ups

ROSE MARY PETRASS  |  TUESDAY, 27 JUN 2023  |  NEWS
Andrew and Nicola Forrest's charity the Minderoo Foundation will partner with the US Department of State to launch angel investor collective the Blak Angels Investment Network. The project aims to facilitate more investment in First Nations start-ups ...

Finance responds to new ISSB standards

ROSE MARY PETRASS  |  TUESDAY, 27 JUN 2023  |  NEWS
The first ISSB standards dropped this week, with a range of reactions from investors and stakeholders in financial capital markets. The two new standards - IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information ...

First two ISSB standards released - what investors need to know

ROSE MARY PETRASS  |  TUESDAY, 27 JUN 2023  |  NEWS
Investors' wishes have been granted with the release of the International Sustainability Standards Board's (ISSB) first two finalised standards - providing guidance for companies to disclose high quality ESG information to investors. The standards ...

Amid economic uncertainty, "overlooked" co-ops and mutuals thrive

ROSE MARY PETRASS  |  MONDAY, 26 JUN 2023  |  NEWS
Australia's top 100 co-operative and mutual enterprises saw revenue increases of 10.8% to $37.7 billion in the 2022 financial year, despite global and domestic economic uncertainty - with the greatest number being in the financial services sector, a ...

$20.5 billion cash infusion for Australia's green bank

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUN 2023  |  NEWS
The federal government has allocated an additional $20.5 billion to the Clean Energy Finance Corporation (CEFC), with the first $11.5 billion on its way. The CEFC has also received three new investment priorities as the result of government legislation ...