Search Results

Showing 121 - 130 of 331 results for "banks"

Government to launch inquiry into financial sector and climate risk

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
A proposed federal inquiry will examine the legality of banks and insurers' decisions to withdraw from lending or insuring mining projects on climate risk grounds. The big banks and regulators including APRA and ASIC are expected to be called to the ...

Stakeholders mull impact of Rio Tinto report

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
... example of good practice is the required assessment of FPIC implementation for major projects financed by Equator Principles banks. So while we're not looking at new territory, there's an urgent need to ensure the principles of FPIC are applied across ...

Green loans to finance light rail, battery storage

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
... with Canberra Metro assisted by financial advisors MUFG, green loan coordinators ANZ and CBA and mandated lead arranger banks ANZ, CBA, ING, Mizuho, NAB and SMBC. The Canberra Metro debt facility is certified as a green loan under the Climate Bond Initiative's ...

Sharp increase in food waste: Rabobank Australia

RACHEL ALEMBAKIS  |  THURSDAY, 3 DEC 2020  |  NEWS
... production, and clearly an increase in innovation and increase from those in the supply chain to consider things like food banks, repurposing of food waste so it doesn't end in landfill." To encourage innovation in cutting food waste, Rabobank sponsors ...

Companies expect increase in sales linked to sustainability: HSBC

RACHEL ALEMBAKIS  |  THURSDAY, 3 DEC 2020  |  NEWS
... in an uplift in revenue." These trends are affecting green finance deals specifically, and also impacts on the way that banks such as HSBC evaluate loan risks, Hughes said. "There are specific transactions that we arrange - green bonds, green loans ...

Aviva Investors launches climate transition equity fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 DEC 2020  |  NEWS
... hold much in the financial sector. We are very underweight financials," he said. "We only own one bank because we see that banks are a reflection of the economy, and many economies are heavily driven by fossil fuels. We think the scope 3 emissions of ...

Roadmap outlines sustainable transformation for finance industry

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020  |  NEWS
A coalition of more than 80 organisations including banks, insurers, super funds and other stakeholders have released an ambitious list of recommendations to transform Australia's financial system to sustainable outcomes. The Australian Sustainable ...

Credit strategy links financial return to social, environmental impact

RACHEL ALEMBAKIS  |  THURSDAY, 5 NOV 2020  |  NEWS
... individual, family and society. The portfolio currently holds 23 securities overall, ranging from issuance by the Australian Major banks who have issued Climate bonds, the Asian Development Bank Green Bond, Aquasure Victorian desalination plant project ...

Investors, assemble: Climate League launched

RACHEL ALEMBAKIS  |  THURSDAY, 15 OCT 2020  |  NEWS
... we have a carbon-intensive economy." Climate League 2030 is launching with institutional investors, but will be opened to banks, insurers and companies over coming months to build "a critical mass of support for Paris-aligned emissions reductions across ...

Green loans in "nascent" stage: Climate Bonds Initiative

RACHEL ALEMBAKIS  |  THURSDAY, 15 OCT 2020  |  NEWS
... the green bond market," said Sean Kidney, chief executive officer, Climate Bonds Initiative. "Early involvement of major banks, adherence to market best practice and commitment to innovation. Acceleration in the corporate sector can be expected on both ...