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HESTA pushes legal alignment to UN Declaration of the Rights of Indigenous People

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2022  |  NEWS
Super fund HESTA says aligning Australian law to the United Nations Declaration of the Rights of Indigenous People (UNDRIP) would enhance outcomes for Indigenous Australians as well as stronger long-term returns for super fund members. Human rights ...

Emerging markets improving on ESG: Bank of America

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2022  |  NEWS
Emerging market companies are increasing their focus on ESG issues, citing pressure from investors as a key driver for activity, according to Bank of America. Bank of America's ESG Research recently surveyed issuers in emerging markets, with over ...

Millennials, Gen X lead impact investing demand

RACHEL ALEMBAKIS  |  THURSDAY, 2 JUN 2022  |  NEWS
Australian millennials and Generation X are leading the rise of impact investing, and overall, men report having a greater understanding of impact investing, according to research from American Century Investments. This is American Century's fifth impact ...

Calls for transformation, climate skill in AGL board renewal

RACHEL ALEMBAKIS  |  THURSDAY, 2 JUN 2022  |  NEWS
The pending departure of the CEO and chair and other AGL board members highlights an urgent need to bring both climate change and company transformation experience to the refreshed board, according to recruitment and governance experts. Earlier this ...

Possible $480bn carbon hit by 2030 for ASX300: Emmi

RACHEL ALEMBAKIS  |  THURSDAY, 2 JUN 2022  |  NEWS
... have not transitioned effectively to net-zero. Emmi calculates that Scope 3 emissions are significant contributor to the high exposure of the ASX300, making up 53 million tonnes of total ASX 300 emissions, compared to Scope 1 and 2 emissions which produce ...

Warning on climate risk if net zero targets not achieved

RACHEL ALEMBAKIS  |  THURSDAY, 2 JUN 2022  |  NEWS
If current net zero commitments aren't sufficient to limiting global warming to 1.5 degrees, investors need re-assess physical, adaptation and transition risks and opportunities in their portfolios, according to abrdn. Jeremy Lawson, chief economist ...

Rising costs of carbon credit to impact offsetting strategies

RACHEL ALEMBAKIS  |  THURSDAY, 2 JUN 2022  |  NEWS
... all current announced plans and commitments through to a "nature-enabled, net zero" scenario with a 1.5 degree ambition and high technology costs and a strong preference for nature-based carbon removal credits. "We look at what may be in the future ...

Labor victory likely to increase ACCU demand: CBA

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2022  |  NEWS
Demand for Australian Carbon Credit Units (ACCUs) is likely to rise as a result of Labor's victory in the federal election, according to CBA. With Anthony Albanese forming government, Labor will target a 43% reduction in greenhouse gas emissions from ...

ISPT launches sustainable furniture scheme, diverts waste

RACHEL ALEMBAKIS  |  THURSDAY, 19 MAY 2022  |  NEWS
... said ISPT general manager, sustainability and technical services Alicia Maynard. "It was a fantastic opportunity to rethink high-end, good quality furniture from the perspective or retaining its value and the social and environmental benefits of rehoming ...

RIAA certifies two Real Asset Management funds

RACHEL ALEMBAKIS  |  THURSDAY, 19 MAY 2022  |  NEWS
... investment products which meet the Responsible Investment Standard," O'Connor said. "We congratulate RAM for meeting the high benchmark set for Certification for its RAM Australian Diversified Fixed Income Fund and RAM Diversified Fixed Income and Credit ...