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MUFG Bank structures $333 million green financing deal

RACHEL ALEMBAKIS  |  TUESDAY, 29 DEC 2020  |  NEWS
MUFG Bank has helped structure a US$333 million green financing deal for SoftBank's latest and largest solar project in India. This deal is the first green certification of a solar project loan for both the client and the country, MUFG said. The 900 ...

The articles you read in 2020

RACHEL ALEMBAKIS  |  TUESDAY, 29 DEC 2020  |  NEWS
... London. Previous employers also included the University of Oxford, the NSW Office of Environment and Heritage and the UN High Commissioner for Refugees. Majority of super funds not disclosing portfolio holdings: Rainmaker (2 October) The majority of ...

Report calls out AIA's coal-based assets, policy

RACHEL ALEMBAKIS  |  TUESDAY, 22 DEC 2020  |  NEWS
Health and life insurer AIA is under pressure to set targets regarding its portfolio holdings in coal and coal-fired electricity assets, with a US-based think tank estimating the company could hold as much as US$6 billion in coal-related assets. The ...

T. Rowe Price joins Responsible Investment Association Australasia

RACHEL ALEMBAKIS  |  MONDAY, 21 DEC 2020  |  NEWS
... investment," said Simon O'Connor, RIAA CEO. "It's an important and exciting time with responsible investing at an all-time high, and we look forward to working with T. Rowe Price to further develop the market across Australasia." Hall noted that T Rowe ...

Deep Decarbonisation: Green Hydrogen, Net Zero, and the Future of the EU-ETS

MARK LEWIS  |  FRIDAY, 18 DEC 2020  |  NEWS
... €14.3/t in the early stages of the lockdowns across the EU the benchmark Dec-20 contract recovered to a near-record all-time high of €30.8/t in June, and has held at pre-COVID levels ever since. Perhaps more significantly, though, the Dec-20 EUA ...

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 ...

Long short strategies used in environmental equities fund

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
A BNP Paribas Asset Management equity fund is using long/short strategies to identify in companies that are either finding opportunities in, or facing, the challenges that come with climate change and the global transition to a lower carbon economy. ...

DWS to use advisory board to accelerate ESG activity

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
... and see what for example the climate transition risks are," Kuijpers said. Our responsible investment committee will review high climate risk companies in our portfolios, and decide whether we should divest such company investments. Our preferred way ...

Risk management to grow in importance: Governance Institute

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
More than three quarters of risk professionals expect that the risk management will become more important over the next five years, but nearly half say their team does not have the resources to do the job effectively, according to research from the ...

Cromwell Property Group sets net zero carbon target

RACHEL ALEMBAKIS  |  THURSDAY, 10 DEC 2020  |  NEWS
Cromwell Property Group has set a target of achieving a net zero carbon emission target by 2050. Cromwell has disclosed its target and progress across sustainability metrics in its 2020 sustainability report. The property group acknowledged the impacts ...