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Monetary Authority of Singapore hires chief sustainability officer

RACHEL ALEMBAKIS  |  FRIDAY, 10 SEP 2021  |  NEWS
The Monetary Authority of Singapore (MAS) has formed a new Sustainability Group and hired Darian McBain as chief sustainability officer. McBain joins MAS on 1 October. The new Sustainability Group led by McBain will steer sustainability efforts across ...

ESG, corporate purpose top CEOs' agenda: KPMG

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
Australian CEOs face calls for more ESG reporting and transparency, but admit they struggle to "articulate a compelling ESG story," according to research from KPMG. The KPMG 2021 CEO Outlook, a study of 1,300 CEOs across 12 countries including Australia ...

Climate transition a business opportunity: Geoff Summerhayes

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
Climate-related business and investment decisions are shifting from risk to capturing new opportunities, according to former APRA executive board member Geoff Summerhayes. Climate change is moving from an issue of a "hygiene factor" to a question of ...

Federated Hermes launches climate change high yield credit strategy

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
... Strategy is seeded by and designed in partnership with Swedish National Pension Fund AP1, and seeks to generate long-term, risk-adjusted outperformance through climate-aligned, attractive high-yield credit instruments. The investment process will include ...

SGX proposes mandatory TCFD, diversity reporting

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 SEP 2021  |  NEWS
The Singapore Stock Exchange (SGX) has proposed making the Task Force on Climate-Related Financial Disclosures (TCFD) guidelines mandatory for all entities listed on the exchange. The Singapore Exchange Regulation (SGX RegCo) is also proposing enhancements ...

HESTA CEO joins corporate governance board

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 SEP 2021  |  NEWS
HESTA CEO Debby Blakey has been appointed to the Board of the International Corporate Governance Network (ICGN). Blakey is the only Australian board member, whose members are responsible for assets of more than $79 trillion. ICGN represents institutional ...

IFM Investors sets 2030 emissions target

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 SEP 2021  |  NEWS
... announcement," he said. "Scope three is critical for us as an investor, scope three is a huge influence over the transition risk in our portfolios.... We think it's just hard for us to include within the target because we don't have control of ...

Merlon Capital hires sustainability manager

RACHEL ALEMBAKIS  |  TUESDAY, 7 SEP 2021  |  NEWS
... approach on identifying cash flow sustainability, with the goal of a portfolio of relatively high yielding stocks with limited risk of permanent capital loss. As at 30 June 2021 Merlon was managing approximately $1.0 billion on behalf of institutional ...

Asset consultants keep gates closed on greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 2 SEP 2021  |  NEWS
... at Willis Towers Watson. "As the focus on net zero and climate integration and other issues intensifies, there's the risk that it coalesces around a narrow set of targets, and the more narrowly you focus in in on a small set of numbers, the easier ...

Assessing the financial, ESG benefits of agricultural investments

RACHEL ALEMBAKIS  |  THURSDAY, 2 SEP 2021  |  NEWS
... but said it is still "quite immature" from an investment point of view. Agriculture investments offer competitive, stable risk adjusted investment, with low volatility characteristics and returns that are uncorrelated to other asset classes. "Our experience ...