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Renewable energy, climate in spotlight in Federal Budget

RACHEL ALEMBAKIS  |  TUESDAY, 9 MAY 2023  |  NEWS
The transition to a renewable energy future was a central part of the Federal Budget unveiled by Treasurer Jim Chalmers on Tuesday night. In addition to action on climate, the Budget also included an $8 million allocation to establish a federal government ...

ESG salaries revealed, talent shortage predicted as demand surges

ROSE MARY PETRASS  |  TUESDAY, 9 MAY 2023  |  NEWS
There is no sign that demand for ESG professionals across the entire investment sector is abating, according to Kaizen Recruitment's ESG/Responsible Investment Professionals Financial Services Salary Guide 2023. Simon Gvalda, ESG recruitment specialist ...

Stewardship and greenwashing in spotlight at RI Australia 2023

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAY 2023  |  NEWS
Greenwashing, investment stewardship and the maturation of the responsible investment sector will be key themes in the Responsible Investment Association Australasia (RIAA) RI Australia 2023 conference. RI Australia 2023 will be in Melbourne May 10-11. ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023  |  NEWS
Assistant treasurer and minister for financial services Stephen Jones said that without a sustainable finance taxonomy, regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council ...

ASIC fines Future Super over greenwashing Facebook post

RACHEL ALEMBAKIS  |  TUESDAY, 2 MAY 2023  |  NEWS
ASIC has issued an infringement notice against Future Super for allegations of greenwashing over a 2019 Facebook post that garnered fewer than 30 views. In May 2019, Future Super put up a post that included the statement "Naysayers don't join together ...

Investors welcome Commonwealth green bond program

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
The government announcement of a forthcoming Sovereign Green Bonds program has been welcomed, with fixed income managers pointing to increased Australian dollar-denominated green bond supply and enhanced transparency as positive future developments. ...

Super funds ESG options underweight BHP, overweight CSL: Rainmaker Information

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

Casting a wide net: ending modern slavery in fisheries

ROSE MARY PETRASS  |  THURSDAY, 27 APR 2023  |  NEWS
Seafood is one of the most traded food commodities in the world, and with an annual revenue of US$611.80 billon in 2023 the market is expected to grow by 6.23% annually to 2027. However, many consumers and investors are unaware of the risk of modern ...

Government to fund sustainable finance taxonomy development

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023  |  NEWS
Treasurer Jim Chalmers has announced that the government will co-fund the initial development phase of an Australian Sustainable Finance Taxonomy, in partnership with the Australian Sustainable Finance Institute (ASFI). ASFI is the organising body working ...

Modern slavery on the rise 10 years after Rana Plaza

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
It is 10 years since more than a thousand people died in the Rana Plaza textile factory collapse in Bangladesh in April 2013. In the intervening years, regulations to improve factory safety has been introduced in Bangladesh, and issues related to worker ...