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Australia vulnerable but resilient on climate risk: FM Global

RACHEL ALEMBAKIS  |  THURSDAY, 23 JUN 2022  |  NEWS
Although Australia ranks 107 th out of 130 countries for climate risk exposure, it sits in 20 th place for its ability to address those risks, according to a new ranking from FM Global. The insurer has released the 2022 FM Global Resilience Index, which ...

Sustainable debt, finance in strong start to 2022: ANZ

RACHEL ALEMBAKIS  |  THURSDAY, 23 JUN 2022  |  NEWS
Australian dollar green, social, sustainability, and sustainability-linked bond volumes have had their strongest first quarter yet, according to information from ANZ. ANZ says that the aggregate volume for bonds in those categories in the first quarter ...

Centuria launches unlisted agriculture fund

RACHEL ALEMBAKIS  |  THURSDAY, 23 JUN 2022  |  NEWS
Centuria Capital Group has launched an unlisted, open-ended agriculture fund, seeded with a $177 million investment in a state-of-the-art glasshouse in regional Victoria. The Centuria Agriculture Fund (CAF) will acquire the Warragul, Victoria glasshouse ...

Victorian government announces $10m biodiversity fund

RACHEL ALEMBAKIS  |  THURSDAY, 23 JUN 2022  |  NEWS
The Victorian state government has announced a $10 million fund aimed at protecting threatened flora and fauna and boosting private investment in the state's biodiversity. Minister for Energy, Environment and Climate Change Lily D'Ambrosio has announced ...

Mercer appoints APAC sustainable investment leader

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 JUN 2022  |  NEWS
Mercer has promoted Rebecca Mather to the role of sustainable investment leader, Pacific. Mather first joined Mercer in 2001 as an investment consultant, and transitioned to the firm's SI business in 2007. In her new role as sustainable investment leader ...

Heritage Bank hires first ESG and sustainability manager

RACHEL ALEMBAKIS  |  THURSDAY, 16 JUN 2022  |  NEWS
Heritage Bank has created the role of ESG and sustainability manager. The mutual bank has hired Andrew Masci to the newly created role, its first dedicated ESG resource. Masci will drive the ongoing development of Heritage's ESG framework including ...

Igneo reports on ESG progress

RACHEL ALEMBAKIS  |  THURSDAY, 16 JUN 2022  |  NEWS
Infrastructure manager Igneo Infrastructure Partners has reported on its progress towards environmental and social indicators in its 2021 ESG report. Igneo is First Sentier Investors' direct infrastructure business. In March, it became a standalone ...

Leaders on road to ESG maturity by 2030: KPMG

RACHEL ALEMBAKIS  |  THURSDAY, 16 JUN 2022  |  NEWS
A vast majority of corporate leaders believe that ESG priorities will be important to their organisations, but only 39% of leaders believe that they will have implemented the operational changes required to meet their ESG targets by 2030, according ...

Industry reacts to ASIC greenwashing guidance

RACHEL ALEMBAKIS  |  THURSDAY, 16 JUN 2022  |  NEWS
The Australian Securities and Investments Commission's (ASIC) recently released information sheet on greenwashing is a good first step in setting the regulator's expectations, but experts say there is more to be done to improve disclosure on ...

ASIC: improve greenwashing disclosure or risk penalty

RACHEL ALEMBAKIS  |  THURSDAY, 16 JUN 2022  |  NEWS
The Australian Securities and Investments Commission's (ASIC) recent information sheet on greenwashing is focused on improving practices on ESG disclosure in managed funds and superannuation, with the regulator saying it would consider enforcement ...