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Amazon's Queensland operations to run off solar

ROSE MARY PETRASS  |  THURSDAY, 15 FEB 2024  |  NEWS
Global giant Amazon and an independent power producer have announced the commercial operation of a new 125-megawatt renewable energy project that will power Amazon operations, including data centres and fulfilment centres. This comes as Premier Steven ...

Rest selects Dasseti for ESG due diligence digitisation

RACHEL ALEMBAKIS  |  THURSDAY, 15 FEB 2024  |  NEWS
... asset class and brings Rest closer in line with its target of achieving a 1% allocation to impact investments across its total portfolio by 2026. ESG due diligence is increasingly seen as an essential part of sustainable investment due to concerns over ...

Rest increases impact investment with Cibus fund allocation

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024  |  NEWS
... asset class and brings Rest closer in line with its target of achieving a 1% allocation to impact investments across its total portfolio by 2026, said Rest head of responsible investment and sustainability Leilani Weier. "As a super fund representing ...

Brookfield reaches first close on second transition fund

RACHEL ALEMBAKIS  |  THURSDAY, 8 FEB 2024  |  NEWS
... gas, and nuclear services opportunities. "All investments are managed to science-based sector pathways for net zero and the total impact of BGTF I, measured in avoided emissions, is on track to exceed the combined annual emissions of New York City, London ...

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
... the first half of 2023, followed by China (17), Germany (12), India (12), and Brazil (11) ahead of Australia (10) in the total number of climate policies announced by respective governments. Additionally, the European Union put out a total of 32 new ...

ANZ sustainable fund flows buck global trend: Morningstar

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... research. Active sustainable strategies were the big winners, seeing net inflows of US$434 million in the fourth quarter. The total size of Australasian sustainable investments was estimated at US$ 31.2 billion at the end of November 202, US$100 million ...

BlueScope receives funding for lower emissions project

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
BlueScope Steel and LIBERTY Steel Australia have received a combined total of $200 million in grant funding from the federal government for projects that will lower emissions in steel production. The funding is drawn from the government's Powering the ...

Sunshine state issues $2.75bn green bond

RACHEL ALEMBAKIS  |  MONDAY, 29 JAN 2024  |  NEWS
... 4.75%, has a rating of AA+ (Stable) by S&P Global and Aa1 (Stable) by Moody's Investors Service and takes QTC's total term debt raised since 13 June 2023 to $11 billion towards its indicative funding requirement of $14.5 billion for 2023-24. ...

Forestry fund falls short of target

ROSE MARY PETRASS  |  MONDAY, 29 JAN 2024  |  NEWS
A global natural capital manager raised US$130 million towards its US$300 million target for its Tropical Asia Forest Fund 2 (TAFF2). Investors in TAFF2 include Mitsui, Nomura, Asian Development Bank (ADB), the Australian government, David and Lucile ...

China relaunches offsets market, releases biodiversity framework

ROSE MARY PETRASS  |  THURSDAY, 25 JAN 2024  |  NEWS
... first countries to sign on to the Convention on Biological Diversity, and has a goal of 30% ecosystem restoration, in 30% of total land area, by 2030. The country issued more than 40 relevant policy documents and released or revised more than 30 laws ...