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Govt moves timetable on power station closure

ROSE MARY PETRASS  |  MONDAY, 27 MAY 2024  |  NEWS
Last week the NSW government delayed closure of the Eraring Power Station, back-pedaling on a previous decision to close it next year. The station had been scheduled for closure in August 2025, but will remain open for two more years, with the possibility ...

Accountants say digital is key

ROSE MARY PETRASS  |  MONDAY, 27 MAY 2024  |  NEWS
Digitally integrating climate and financial reporting may help circumvent the challenges entities face meeting Australia's looming reporting rules, argue Deloitte and PwC. Mandatory climate reporting in Australia is set to come into force from this ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  MONDAY, 27 MAY 2024  |  NEWS
Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital. ...

ESG demand still high for advisers

ROSE MARY PETRASS  |  THURSDAY, 23 MAY 2024  |  NEWS
Financial advisers find sustainable investments appealing to many of their clients, despite ongoing cost-of-living pressures and political differences. Ethical investment leaders spoke at the Financial Standard's inaugural Future Investing Forum ...

Unclear rules pose investment risk

ROSE MARY PETRASS  |  THURSDAY, 23 MAY 2024  |  NEWS
Canberra is at odds with state governments over assessing emissions for coal and gas project approval. Contradictory approvals processes pose a risk of investment security downgrading, responsible investment and sustainability specialist Desiree Lucchese ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  MONDAY, 20 MAY 2024  |  NEWS
Generative AI, a rapidly advancing form of deep learning that mimics human output, also raises concerns about the verifiability of its results, UTS industry professor - emerging technology Nicholas Davis says. Appearing at the Stockbroker and Investment ...

Budget 2024: Additional $11.3bn promised for housing

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024  |  NEWS
The Albanese government has made significant new housing investments in the Budget to help deliver a comprehensive Homes for Australia plan. "We're easing the cost of living - and we're building more homes for Australians. In the five years ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024  |  NEWS
The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable ...

Stewardship resources should double

ROSE MARY PETRASS  |  TUESDAY, 14 MAY 2024  |  NEWS
Stewardship is under-resourced as investors grapple with assessing how organisations align with the ambitions of clients and beneficiaries. Resources dedicated to the values of responsible planning and management of an organisation, need to double as ...

ISSB digital standards not perfect

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
The International Sustainability Standards Board (ISSB) recently published its much-awaited digital taxonomy, to help investors navigate sustainability disclosures. The International Financial Reporting Standards (IFRS) Sustainability Disclosure Taxonomy ...