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Investors identify positive impact through multiple finance strategies

RACHEL ALEMBAKIS  |  MONDAY, 10 MAY 2021  |  NEWS
It is possible to generate positive real world social and environmental outcomes through investment in a variety of asset classes while also generating financial returns, according to an expert panel at the Responsible Investment Association Australasia ...

Northern Trust AM names head of sustainable investing and stewardship

RACHEL ALEMBAKIS  |  FRIDAY, 7 MAY 2021  |  NEWS
Northern Trust Asset Management has hired Julie Moret as global head of sustainable investing and stewardship, a newly created role. Moret will oversee the firm's sustainable investing and global engagement policies, foster research and product development ...

APAC investors ahead of North America on climate action: PGIM

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
Institutional investors in Asia Pacific are more likely than their counterparts in North America to take action on climate change, but investors in Europe are still leading the pack, according to PGIM. PGIM recently surveyed 101 institutional investor ...

APRA to conduct climate vulnerability assessment on banks

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
APRA is developing a framework to assess Australia's largest banks for their vulnerability to climate risk. APRA is working in partnership with the country's five largest banks to design a climate vulnerability assessment (CVA) which will assess not ...

Trustees squeezed by competing climate risk pressures

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
Super fund trustees are "squeezed" when it comes to managing climate risk, between members seeking divestment, regulatory guidance on managing climate risk, and proposed legislation that may limit access to proxy advisers, according to the chair of ...

ARENA commits more than $100 million to clean hydrogen projects

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 MAY 2021  |  NEWS
The Australian Renewable Energy Agency (ARENA) has approved more than $100 million towards three commercial-scale renewable hydrogen projects. ARENA will provide up to $42.5 to Engie Renewables Australia Pty Ltd (Engie)'s 10 MW electrolyser project ...

AMP Capital Wholesale Office Fund hits net zero target

RACHEL ALEMBAKIS  |  TUESDAY, 4 MAY 2021  |  NEWS
AMP Capital's Wholesale Office Fund (AWOF) has achieved net zero carbon status for its internally managed assets with a new renewable Power Purchase Agreement (PPA). The PPA with Diamond Energy is linked to solar farms in central NSW. AMP Capital explains ...

Australian Retailers Association appoints director of sustainability

RACHEL ALEMBAKIS  |  MONDAY, 3 MAY 2021  |  NEWS
The Australian Retailers Association (ARA) has strengthened its focus on sustainability with the appointment of Jason Robertson to the newly created role of director, sustainability and impact. Robertson will lead the development of a sector wide sustainability ...

AICD presses case for stakeholder role in governance

RACHEL ALEMBAKIS  |  THURSDAY, 29 APR 2021  |  NEWS
Recent governance failures at companies such as Rio Tinto and AMP show the risks and damage caused when decisions are disconnected from stakeholder interests, according to a new guide to stakeholder engagement by the Australian Institute of Company ...

Steep rise in demand for ESG wealth management products: EY

RACHEL ALEMBAKIS  |  THURSDAY, 29 APR 2021  |  NEWS
A majority of Australians say they have sustainability goals for their investments, but many feel their wealth manager "falls short" in understanding their values. There is an overall growth in "for purpose" investing in wealth management clients, according ...