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Florida gov bans ESG from state pension investments

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Florida Governor Ron DeSantis and the trustees of the US$253.1 billion State Board of Administration (SBA) have banned ESG from considerations of the state's fund management practices. DeSantis and the two other trustees of the SBA, state CFO Jimmy ...

Clean Energy Finance Corporation turns 10

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Australia's "green bank" has marked its first decade with lifetime investment commitments of $10.76 billion. The Clean Energy Finance Corporation (CEFC) has catalysed a total $37.15 billion in investment over the decade in conjunction with institutional ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
The Reserve Bank of Australia has identified liability risk as one of the climate risks that businesses that do not sufficiently respond to climate change will face. RBA head of domestic markets Jonathan Kearns spoke at the Credit Law Conference this ...

VFMC hires to investment stewardship team

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
The Victorian Funds Management Corporation (VFMC) has hired Ryan Cook to its investment stewardship team. Cook comes to VFMC from the Responsible Investment Association Australasia (RIAA), where he was a senior responsible investment analyst. VFMC confirmed ...

Big Red Group appoints first chief sustainability officer

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Big Red Group, the experience marketplace, has appointed its first chief sustainability officer. Big Red Group has named Jemma Fastnedge to the newly created CSO role. She will head the company's ESG agenda across the organisation, which includes brands ...

ACCU demand to rise with Climate Active certification: CBA

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
Australian businesses pursuing voluntary government certification for climate targets are expected to further drive the use of Australian Carbon Credit Units (ACCUs), according to Commonwealth Bank. As Australian businesses adopt net zero carbon targets ...

Podcast: Uncovering corporate modern slavery risk with Clare Bartram

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
In this episode of The Greener Way, we speak with Clare Bartram an ESG specialist on modern slavery at ISS ESG. Clare discusses where companies have risk to modern slavery, why it matters for investors and the outlook for enhanced regulation and investor ...

Companies lag on digital transformation: Governance Institute

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
More than a fifth of organisations across a range of industries are not undertaking a digital transformation, despite the rapid acceleration in the use of technology spurred by the COVID-19 pandemic, the Governance Institute has found. The Governance ...

FM Global to provide climate resilience discount

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
Insurer FM Global will offer policyholders world-wide approximately US$300 million in a discount meant to provide additional cash to invest in climate-related resilience solutions. The "resilience credit" will be offered as a 5% premium offset against ...

BlackRock in $1bn capital commitment to battery storage

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
BlackRock Real Assets will acquire one of Australia's leading battery energy storage systems and renewable energy developers as part of a more than $1 billion capital commitment. One of BlackRock Real Asset's funds will acquire Akaysha Energy ...