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Mike Ng named first chief sustainability officer for OCBC

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
Oversea-Chinese Banking Corporation Limited (OCBC) has announced the creation of the role of chief sustainability officer with current head of sustainability Mike Ng stepping into the role on 1 August. The new role will lead the transition to net zero ...

Voting on climate crucial during AGM season: Amundi

ROSE MARY PETRASS  |  TUESDAY, 25 JUL 2023  |  NEWS
ESG is emerging as a clear theme for shareholder proposals for AGMs in 2023, according to Europe's largest asset manager. Amundi said stewardship through engagement and voting is key to a responsible investment approach during an AGM voting season that ...

Tasmanian cattle producer new chair of Farmers for Climate Action

ROSE MARY PETRASS  |  MONDAY, 24 JUL 2023  |  NEWS
Tasmanian cattle producer Brett Hall has been named new chair of Farmers for Climate Action (FCA) following the resignation of Charlie Prell. Hall, a long-time board member, will play a key role in selecting the new CEO at the non-profit which represents ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
The Australian Prudential Regulation Authority (APRA) has clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. ...

Untapped talent: Australia missing out on $50b in GDP

ROSE MARY PETRASS  |  THURSDAY, 20 JUL 2023  |  NEWS
Australia has one of the lowest employment rates for people with disability in the OECD and could add over $50 billion to its GDP by 2050 if it tapped into this talent pool, according to new research from the Business Council of Australia (BCA) and ...

Biodiversity in 2023 and beyond - what should Australian businesses expect?

LOUISE CAMENZULI, PHOEBE WYNN-POPE, JULIA GREEN, KATE GILL-HERDMAN  |  THURSDAY, 20 JUL 2023  |  NEWS
The year 2022 ended on a high note for biodiversity at both a domestic and international level and 2023 continues building upon that momentum, with the elevation of biodiversity as a critical consideration in planning, development and economic decision ...

Traditional Owners to lead Pilbara renewables rollout on exclusive native title land

ROSE MARY PETRASS  |  THURSDAY, 20 JUL 2023  |  NEWS
Yindjibarndi Aboriginal Corporation (YAC) and Philippines-listed renewable energy company ACEN have partnered to develop, own, and operate large-scale renewable energy projects of up to 3 gigawatts on Yindjibarndi Ngurra (country), in Western Australia's ...

University secures $450 million sustainability-linked loan

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
Macquarie University has inked a $450 million sustainability linked loan (SLL) as part of a refinancing deal that will see interest rate savings invested in scholarships for disadvantaged students. Macquarie has refinanced its bank facilities and worked ...

Transition Pathway Initiative appoints new chairs as founder steps down

ROSE MARY PETRASS  |  WEDNESDAY, 19 JUL 2023  |  NEWS
David Russell, former head of responsible investment for the Universities Superannuation Scheme (USS), the UK's largest pensions fund, has been named the new chair of the Transition Pathway Initiative (TPI) board. Jake Barnett, managing director ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023  |  NEWS
KPMG has proposed superannuation reforms targeted at home carers and recipients of paid parental leave to help close the gender gap. The KPMG Towards Gender Equity in Retirement report recommended the government consider adding superannuation contributions ...