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ARENA announces $100m funding round for grid-scale batteries

RACHEL ALEMBAKIS  |  THURSDAY, 30 DEC 2021  |  NEWS
... inverters. The goal of the funding is to support grid scale batterie that can provide system stability during period of very high renewable generation, said ARENA CEO Darren Miller. "Grid scale batteries and other types of energy storage technology will ...

DigitalX hires NAB exec as new CEO

RACHEL ALEMBAKIS  |  THURSDAY, 23 DEC 2021  |  NEWS
Technology and investment company DigitalX has hired a National Australia Bank executive as its new chief executive officer. Lisa Wade, former head of digital innovation and sustainability at National Australia Bank, will join DigitalX after serving ...

Proxy advisers criticise new government reforms

RACHEL ALEMBAKIS  |  THURSDAY, 23 DEC 2021  |  NEWS
... through, and are concerned with the potential that these efforts will hamper, not help, the ability of investors to receive high quality, independent proxy research," Kolesnikoff said. "While we are not supportive of this new regime, ISS is committed ...

TCorp recaps performance of $5.2 billion sustainability bond programme

RACHEL ALEMBAKIS  |  THURSDAY, 23 DEC 2021  |  NEWS
TCorp, the investment and financial management partner of the New South Wales (NSW) public sector, added $4.1 billion of eligible sustainable assets to its Sustainability Bond Programme in the 2021 financial year. In its most recent sustainability report ...

Emerging HNW seek ESG, ethical investments: Praemium

RACHEL ALEMBAKIS  |  THURSDAY, 16 DEC 2021  |  NEWS
Emerging high net wealth investors are more likely to rate ESG, ethical and responsible investment considerations as being important than other segments of the HNW sector, according to research commissioned by Praemium. Praemium commissioned research ...

Leadership essential in implementing ESG: BNP Paribas Securities Services

RACHEL ALEMBAKIS  |  THURSDAY, 16 DEC 2021  |  NEWS
Editorial note: This is the third in a three-part series of articles brought to you by BNP Paribas Securities Services The role of executive leadership is essential when it comes to implementing ESG strategy, whether being driven by regulation, risk ...

Vestas Wind Systems call for federal support for energy grid transition

RACHEL ALEMBAKIS  |  TUESDAY, 14 DEC 2021  |  NEWS
The federal government needs to invest in the national energy grid to support the transition to renewable energy, according to the head of Vestas Wind Systems Australia and New Zealand. "Though we've had great success in keeping up the rollout of ...

Strong return for ESG funds, but oil ETF shines

RACHEL ALEMBAKIS  |  THURSDAY, 9 DEC 2021  |  NEWS
The median ESG managed fund has returned 27.8% in the 12 months to the end of October, but the strong performance of the ESG sector is dwarfed by the performance of the top performing product - a crude oil index ETF that returned 132% in that same time ...

Property manager buys nearly 100,000 carbon credits for offsetting

RACHEL ALEMBAKIS  |  THURSDAY, 9 DEC 2021  |  NEWS
Industry Super Property Trust (ISPT) has purchased nearly 100,000 Australian Carbon Credit Units (ACCUs) to meet carbon neutral commitments for its property portfolio. ISPT has purchased and surrendered 97,000 ACCUs, representing one metric tonne of ...

Bringing a human rights lens to climate risk considerations

RACHEL ALEMBAKIS  |  THURSDAY, 9 DEC 2021  |  NEWS
... technologies like rare minerals, and they're often found in conflict zones. "We have manufacturing and products that are coming from high-risk jurisdictions, and where you have close to monopolistic markets - for instance, it makes it very difficult ...