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ASIC issues more greenwashing fines

RACHEL ALEMBAKIS  |  MONDAY, 9 JAN 2023  |  NEWS
ASIC has continued its crackdown on greenwashing, having recently fined two more entities over alleged false or misleading statements. Earlier this month, ASIC announced they fined superannuation trustee Diversa Trustees $13,320. Diversa is the issuer ...

ASFI outlines roadmap for sustainable finance taxonomy

RACHEL ALEMBAKIS  |  THURSDAY, 15 DEC 2022  |  NEWS
The Australian Sustainable Finance Institute (ASFI) has made key recommendations on a sustainable finance taxonomy that is science-based, usable, operates with other international jurisdictions and meets the need of the Australian economic context. ...

ANZ leads issuance of US$50m gender-lens bond

RACHEL ALEMBAKIS  |  THURSDAY, 15 DEC 2022  |  NEWS
ANZ has led the issuance of a $50 million four-year Women's Livelihood Bond 5 (WLB5), a gender-lens sustainable bond that aligns with the Orange Bond Principles. The bond has been issued by Impact Investment Exchange (IIX), a pioneer in impact investing ...

Climate skills demand outstrips supply in finance: UTS

RACHEL ALEMBAKIS  |  THURSDAY, 15 DEC 2022  |  NEWS
There is a climate skills gap in the Australian financial industry, with demand for people with climate skills outstripping supply, according to research from the UTS Institute For Sustainable Futures. UTS Institute for Sustainable Futures recently ...

Australia to introduce mandatory climate reporting

RACHEL ALEMBAKIS  |  TUESDAY, 13 DEC 2022  |  NEWS
The federal government will seek to introduce mandatory climate risk reporting standards as a first step towards a more ambitious sustainable finance strategy next year. Treasurer Jim Chalmers announced a consultation paper on climate risk reporting ...

ASIC proceedings name Pendal board member

ANDREW MCKEAN  |  TUESDAY, 13 DEC 2022  |  NEWS
ASIC has started civil penalty proceedings against 11 current and former directors and executives of Star Entertainment Group, including a Pendal Group director. ASIC deputy chair Sarah Court argued that the Star's board and executives failed to ...

Carbon credits as a source of alpha: Apostle Funds Management

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
Carbon credits markets represent an opportunity to generate return for investors, according to Apostle Funds Management's new head of its global carbon markets team. Luke Donovan recently joined Apostle as partner - global carbon markets from the ...

Vanguard quits net zero investor initiative

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
Vanguard has quit the Net Zero Asset Managers initiative (NZAM), saying they wished to provide clarity to investors regarding the role of index funds and how they think about material risks like climate change. Vanguard - which has more than $11 trillion ...

COP15 success requires investor buy-in: Mirova

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
For the biodiversity Conference of the Parties (COP15) to be a success, investors must come on board, according to the CEO of Mirova. Natural capital preservation is an investment theme that institutional investors should put time and resources into ...

ASIC warns directors over sustainability disclosures

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
The Australian Securities and Exchange Commission (ASIC) has warned directors that they will continue to focus on the sustainability-related disclosure and governance practices of listed companies, managed funds, superannuation funds and green bonds. ...