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ANZ sustainable fund flows buck global trend: Morningstar

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... sustainable funds gathered USD 63 billion, compared with USD 161 billion in 2022," Morningstar noted in its Global Sustainable Fund Flows: Q4 2023 Review. In Australia and New Zealand, "Dimensional was a key recipient of the inflows and gained an estimated ...

BlueScope receives funding for lower emissions project

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... for projects that will lower emissions in steel production. The funding is drawn from the government's Powering the Regions Fund and will go towards projects in New South Wales and South Australia. BlueScope has been awarded $136.8 million towards the ...

Nature-related disclosures underway

ROSE MARY PETRASS  |  THURSDAY, 1 FEB 2024  |  NEWS
Reporting on nature-related corporate disclosures with the Taskforce on Nature-related Financial Disclosures (TNFD) is now underway, with the first 320 companies and financial institutions now taking part. The first cohort of adopters are taking steps ...

Australian gender pay gap data to be revealed from February

ROSE MARY PETRASS  |  MONDAY, 29 JAN 2024  |  NEWS
From February 2024, Australian companies with 100 or more employees will be required to publish their median gender pay gap between male and female employees. The Workplace Gender Equality Agency (WGEA) will publish the first set of private sector employer ...

Sunshine state issues $2.75bn green bond

RACHEL ALEMBAKIS  |  MONDAY, 29 JAN 2024  |  NEWS
... 70%, with Asian investors taking 17% of the issuance, EAMA at 12% and the Americas at 1%. The majority of investors were fund managers, at 53% of total investors, with banks taking 25%, institutions taking 10%, hedge funds taking 7% and traders taking ...

Greg Combet to depart Net Zero Economy Agency for Future Fund

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024  |  NEWS
Net Zero Economy Agency (NZEA) chair Greg Combet is set to replace Peter Costello as chair of the Future Fund, commencing mid-year. At a press conference in Canberra, treasurer Jim Chalmers said the appointment of Combet, who only recently relinquished ...

Forestry fund falls short of target

ROSE MARY PETRASS  |  MONDAY, 29 JAN 2024  |  NEWS
A global natural capital manager raised US$130 million towards its US$300 million target for its Tropical Asia Forest Fund 2 (TAFF2). Investors in TAFF2 include Mitsui, Nomura, Asian Development Bank (ADB), the Australian government, David and Lucile ...

China relaunches offsets market, releases biodiversity framework

ROSE MARY PETRASS  |  THURSDAY, 25 JAN 2024  |  NEWS
China's Certified Emission Reductions (CCER) scheme has restarted after a six-year pause, as the country releases its National Biodiversity Strategy and Action Plan. Suspended in 2017 due to low trading volume and lack of standardisation in carbon audits ...

Senior appointments at ag managers

RACHEL ALEMBAKIS  |  THURSDAY, 25 JAN 2024  |  NEWS
... Australia and the United States, Impact Ag said. Core initiatives in Australia are centred around the new SLM Agri Carbon Fund, while the US approach is focused on a diversified growth strategy that delivers profitable natural capital outcomes benefitting ...

Australian Ethical grants $500k to climate solutions

ROSE MARY PETRASS  |  WEDNESDAY, 24 JAN 2024  |  NEWS
... non-profits in the climate solutions space. The grants are part of the firm's annual allocation of 10% of its profits to fund environmental or social initiatives, which has awarded more than $9 million since 2000. The firm has over $9 billion in ...