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Forrest and US government back First Nations start-ups

ROSE MARY PETRASS  |  TUESDAY, 27 JUN 2023  |  NEWS
... promoting economic development and empowerment. The program is led by a group of Australian First Nations investors wanting to fund early-stage and high-growth companies and supported by the US Consulate General Perth and Minderoo's Generation One. A ...

Finance responds to new ISSB standards

ROSE MARY PETRASS  |  TUESDAY, 27 JUN 2023  |  NEWS
The first ISSB standards dropped this week, with a range of reactions from investors and stakeholders in financial capital markets. The two new standards - IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information ...

Strong demand for green bonds: BNP Paribas Asset Management

RACHEL ALEMBAKIS  |  TUESDAY, 27 JUN 2023  |  NEWS
... contribute/facilitate that capital supply through funding energy solutions and the technologies to decarbonize our economies and to fund the energy transition." In addition to standard credit and financial analysis, BNP Paribas AM analyses green bonds ...

Amid economic uncertainty, "overlooked" co-ops and mutuals thrive

ROSE MARY PETRASS  |  MONDAY, 26 JUN 2023  |  NEWS
Australia's top 100 co-operative and mutual enterprises saw revenue increases of 10.8% to $37.7 billion in the 2022 financial year, despite global and domestic economic uncertainty - with the greatest number being in the financial services sector, a ...

Australia not ready for sustainability benchmarks, consultants warn

ROSE MARY PETRASS  |  MONDAY, 26 JUN 2023  |  NEWS
Australia's sustainability agenda is not keeping up with new globally consistent sustainability reporting standards set to be released at the end of June, according to a national ESG consultant to Australian businesses. Two new voluntary sustainability ...

$20.5 billion cash infusion for Australia's green bank

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUN 2023  |  NEWS
... grid storage and electricity distribution network infrastructure," with $1 billion to create the Household Energy Upgrades Fund, to provide discounted consumer finance to increase sustainability across the housing sector, and $500 million for a new Powering ...

Qualitas names sustainability veteran to ESG advisory board

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUN 2023  |  NEWS
Real estate investment manager Qualitas Limited has appointed Ian Woods to their ESG Advisory Group. Woods is a founding member and deputy chair of the Investor Group on Climate Change (IGCC) as well as a member of Chronos's Expert Sustainability Network ...

ISPT names first chief sustainability officer

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUN 2023  |  NEWS
ISPT has shaken up its executive leadership team, including creating the role of chief sustainability officer. Steven Peters has been elevated to the role of chief sustainability role, responsible for the delivery of ISPT's environment, social and governance ...

New net zero bondholder stewardship guidance: IIGCC

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
The Institutional Investors Group on Climate Change (IIGCC) has published its Net Zero Bondholder Stewardship Guidance, offering corporate bondholders a foundational framework towards corporate bondholder stewardship. The guidance focuses on bondholder ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
Ten multilateral development banks (MDBs) have identified the financing activities most closely aligned with achieving the intent of the Paris Agreement while also defining financing coal- and peat-related activities as not aligned. The MDBs involved ...