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Showing 111 - 120 of 383 results for "mandate"

Tracking nature: finance lags on biodiversity

ROSE MARY PETRASS  |  THURSDAY, 29 FEB 2024  |  NEWS
Major financial intuitions and companies are falling behind on global deforestation, as the EU enacts a new law to protect and restore nature. 75% of the Earth's land surface has been significantly altered by human activities, according to the UN Environment ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
... relation to tackling climate change. MSC maintains that all investments by the fund were consistent with this objective and mandate." According to its website, Bloom "eliminated" potential investments in fossil fuels, saying "our 'Climate Solutions' ...

AXA IM warns companies on climate lobbying

ROSE MARY PETRASS  |  THURSDAY, 22 FEB 2024  |  NEWS
... with the urgent need for effective policy intervention to enable a just and orderly transition." It has also issued a mandate for fairer compensation structures, warning companies it will take the cost of living, as well as wider workforce pay, into ...

China stock exchange rings in Year of the Dragon with ESG mandate

ROSE MARY PETRASS  |  FRIDAY, 16 FEB 2024  |  NEWS
The Chinese stock exchange will mandate a "double materiality" approach to sustainability reporting, covering governance, strategy, risk management, and metrics and targets. As the region celebrates the Lunar New Year, mainland China's three main stock ...

UniSuper makes property allocation

RACHEL ALEMBAKIS  |  THURSDAY, 15 FEB 2024  |  NEWS
... said. The purchase was negotiated adviser GPT, as part of an approximately $3 billion separate account direct property mandate with UniSuper. UniSuper, together with GPT and developer HB+B Property will "progressively develop the site as a super prime ...

Investors push for nature in climate plans

ROSE MARY PETRASS  |  TUESDAY, 6 FEB 2024  |  NEWS
Transition plans are pivotal to ensuring companies' credibility in achieving net-zero goals - but currently do not factor in safeguarding and restoring nature and biodiversity. In a bid to accelerate the protection and restoration of nature, finance ...

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
Australia ranked as the sixth country in terms of climate policy developments in 2023, but experts are concerned that the country is "playing catch up". At the top of the Inevitable Policy Response (IPR)'s list was the US with 38 policy developments ...

Shell shareholders worth €4tr to vote for Paris

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... meetings. Shell will only change if more shareholders vote for change. The resolution is designed to give Shell a shareholder mandate to drive the energy transition," he said. Rathbones Group stewardship director Matt Crossman commented: "With 2023 being ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
Current financial regulations and central banking activities have an outsized focus on climate, and neglect broader impacts such as biodiversity loss and its effects on communities who rely on nature for their livelihoods. While progress has been made ...

Forestry fund raises $450m for natural capital

ROSE MARY PETRASS  |  MONDAY, 8 JAN 2024  |  NEWS
A global investment manager is targeting one million tonnes of carbon abatement over the next decade by harnessing Australia's natural capital. New Forests, manager of nature-based real assets and natural capital strategies, completed the first close ...