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Top 10 most-read articles of 2023

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... court over allegations it failed to manage the material risks of climate change and biodiversity loss. #2: Government to fund sustainable finance taxonomy development April: Treasurer Jim Chalmers announced the government would co-fund the initial development ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
... shy of $30,000 over allegations of greenwashing. ASIC brought two infringement notices against the local arm of the global fund manager alleged false and misleading statements in the application of its negative screening for carbon emissions. The firm ...

Climate Change Authority releases ACCU and NGERS reviews

ROSE MARY PETRASS  |  TUESDAY, 19 DEC 2023  |  NEWS
The Albanese government has received the final reports of two reviews into the National Greenhouse and Energy Reporting (NGER) Scheme and the Carbon Credits (Carbon Farming Initiative) Act 2011. The Climate Change Authority (CCA) is required to review ...

QIC secures US$300m SLL

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023  |  NEWS
The Queensland Government-owned fund manager has converted a finance facility into a US$300 million sustainability-linked loan (SLL). Lenders are Commonwealth Bank of Australia, ANZ, ING Group, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking ...

ACSI updates voting guidelines

RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
Cyber security, worker safety and nature and biodivdersity expectations are on the list of the Australian Council of Superannuation Investors' (ACSI) Governance Guidelines. The guidelines are updated every two years and underpin ACSI's proxy voting ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... achievement." Climate finance took centre stage with over 100 countries committing to triple renewable energy, a Loss and Damage fund operationalised, major oil and gas sector entities committing to decarbonising their direct emissions and reducing methane ...

L'Oréal Groupe invests in First Nations-led biodiversity

ROSE MARY PETRASS  |  THURSDAY, 14 DEC 2023  |  NEWS
... four. In November the personal care company announced a new partnership with the Great Barrier Reef Foundation (GBRF) to fund the Reef Restoration and Adaption Program (RRAP) through the €50 million Fund for Nature Regeneration, planting 2 million ...

COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
... to finance, $8.9 billion to livelihoods, $6.8 billion to energy, $1.7 billion to inclusion, $3.5 billion to Green Climate Fund, $792 million to Loss and Damage Fund, $134 million Adaptation Fund, $129 million Least Developed Countries Fund, and $31million ...

Agriculture funding takes the stage at COP28

RACHEL ALEMBAKIS  |  MONDAY, 11 DEC 2023  |  NEWS
The Agriculture Innovation Mission for Climate (AIM for Climate), backed by Australia and more than 600 government and non-government partners, has announced $17 billion in new funding for climate-smart agriculture and food systems innovations. The ...

Finance realignment urged as nature-positive trails 30:1

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
Global public and private funding directly damages nature reached US$7 trillion per year, while funding with a positive impact reached $200 billion last year - a 30-fold gap. New research from the United Nations Environment Programme (UNEP) compared ...