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ASIC reviewing greenwashing in financial products

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUL 2021  |  NEWS
ASIC is reviewing whether sustainability labelled super funds and managed fund are as they claim to be, with the aim of establishing how much greenwashing is present in the Australian market. Currently, there is no regulated definition of ESG, sustainability/green/responsible ...

Cooper Energy announces carbon neutral certification

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUL 2021  |  NEWS
A listed ASX company has announced it is the first carbon neutral domestic gas producer. Cooper Energy said it has been certified carbon neutral by independent firm Climate Active, meaning it has achieved net-zero carbon emissions for its organisational ...

Ethical fund manager sees 50% spike in AUM

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUL 2021  |  NEWS
A leading ethical fund manager's assets under management increased by more than 50% in the 2020-2021 financial year. Australian Ethical's funds under management leapt to $6.07 billion, a 12% increase for the March quarter, and a 56% increase for the ...

Charting a course to net zero: Neuberger Berman

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUL 2021  |  NEWS
... flows through to the exposure to that asset class?" Bailey also noted that educating stakeholders such as superannuation fund members is part of this process as well. "If this was a discussion that wasn't related to climate, if it was around concerns ...

Zenith completes rollout of ESG classification framework

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUL 2021  |  NEWS
... consideration within its investment process. Importantly, the classifications go beyond simply identifying which ESG strategies a fund uses, which is essential given many funds combine more than one approach," Higgins said. "Instead, the classifications ...

NTAM launches new quantitative low carbon strategy

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 JUL 2021  |  NEWS
... footprint. The Quality Low Volatility Low Carbon World (QLV Low Carbon) Strategy is NTAM's latest sustainable investment fund that is designed to provide "a reasonable exposure to potential market upside while seeking to mitigate downside risk." The ...

Super funds file Modern Slavery Statements

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUL 2021  |  NEWS
... Statements in accordance with federal law, according to research from Rainmaker Information. Rainmaker has identified 36 super fund which have lodged statements with the Australian Border Force, in line with the Modern Slavery Act 2018. Those super fund ...

Fund manager issues first Reconciliation Action Plan

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUL 2021  |  NEWS
... Julia Bailey. "We have been engaging with companies over Indigenous issues and their reconciliation activities since the fund started three years ago," Bailey said. "We had been talking to companies about what they are doing, if they don't have a RAP ...

Extreme weather, human rights intensifying ESG focus: Janus Henderson

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUL 2021  |  NEWS
... decision to not source cotton from Xinjian province," Seery said. "It was something that was in line with the objective of our fund and really justified why we invested in them. "However, we also weren't expecting the backlash from China. Having ...

CEFC, CBA finance plastic recycling facility

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 JUL 2021  |  NEWS
... Commonwealth Bank will finance a plastics recycling facility, its first commitment under the Australian Recycling Investment Fund. The CEFC will commit up to $16.5 million in debt finance to a new polyethylene terephthalate (PET) recycling facility in ...