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No pause button on greenwashing action: ASIC

ROSE MARY PETRASS  |  THURSDAY, 11 MAY 2023  |  NEWS
ASIC is updating its enforcement approach to greenwashing-type misconduct in response to a global rise in sustainability-related products and product strategies. ASIC deputy chair Karen Chester this week outlined a plan for the corporate, market and ...

No room for complacency for Australia as a renewable energy superpower

RACHEL ALEMBAKIS  |  THURSDAY, 11 MAY 2023  |  NEWS
Australia has "no room for complacency" if it wants to become a renewable energy superpower, according to a new report from EY's Net Zero Centre. EY has published Seizing Australia's energy superpower opportunities, the latest report from EY's ...

Is divestment the last resort for modern slavery?

RACHEL ALEMBAKIS  |  THURSDAY, 11 MAY 2023  |  NEWS
Divesting from companies that have direct or indirect exposures to labour exploitation could serve to exacerbate the problem rather than solving it, with the UN special rapporteur on contemporary forms of slavery urging investors to stay engaged. Speaking ...

CEFC invests $80m in Pacific Equity Partners fund

RACHEL ALEMBAKIS  |  TUESDAY, 9 MAY 2023  |  NEWS
The Clean Energy Finance Corporation (CEFC) has allocated up to $80 million into a private equity strategy that will focus on decarbonisation across Australian mid-market infrastructure. The CEFC has invested in the $1.4 billion Pacific Equity Partners ...

Companies urged to act on greenwashing ahead of new ISSB framework

ROSE MARY PETRASS  |  TUESDAY, 9 MAY 2023  |  NEWS
Companies are warned to stay ahead of the Australian Competition and Consumer Commission's (ACCC) crackdown on greenwashing and the forthcoming release of the new International Sustainability Standards Board (ISSB) standards that will be released in ...

Labor's five step plan for biodiversity

ROSE MARY PETRASS  |  TUESDAY, 9 MAY 2023  |  NEWS
Federal environment minister Tanya Plibersek and NSW environment minister Penny Sharpe spoke for the first time together on stage at the Nature Conservation Council of NSW's Business Breakfast on Monday, ahead of the 2023 Budget announcement this ...

ESG salaries revealed, talent shortage predicted as demand surges

ROSE MARY PETRASS  |  TUESDAY, 9 MAY 2023  |  NEWS
There is no sign that demand for ESG professionals across the entire investment sector is abating, according to Kaizen Recruitment's ESG/Responsible Investment Professionals Financial Services Salary Guide 2023. Simon Gvalda, ESG recruitment specialist ...

Investors welcome New National Net Zero Authority

ROSE MARY PETRASS  |  FRIDAY, 5 MAY 2023  |  NEWS
The Australian Government has announced a National Net Zero Authority tasked with managing the energy transition and ensuring the workers, industries and communities are supported. Climate Change and Energy Minister Chris Bowen made the announcement ...

Government advisors call for investment in circular economy

ROSE MARY PETRASS  |  FRIDAY, 5 MAY 2023  |  NEWS
The concept of a circular economy presents both risks and rewards for investors in the transition to a sustainable, low carbon economy. At the Australian Council of Superannuation Investors' annual conference in Sydney, advisory members of the Circular ...

Just transition: a fair go for fossil-fuel workers

ROSE MARY PETRASS  |  THURSDAY, 4 MAY 2023  |  NEWS
Without a proper roadmap from government and implementation by businesses, workers risk being left behind in the transition to clean energy, and companies could be exposed to significant risk. Australia's oldest power plant, AGL's Liddell power ...