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Responsible investments top $1.54 trillion in Australia

RACHEL ALEMBAKIS  |  TUESDAY, 13 SEP 2022  |  NEWS
... medium to long term, and over some time frames achieved two or three times the returns. For example, the RIAA managed growth fund returned 25.7% over the past 10 years to the end of 2021, compared to the benchmark of the Morningstar Australia fund multi-sector ...

Cbus names new head of responsible investment

RACHEL ALEMBAKIS  |  MONDAY, 12 SEP 2022  |  NEWS
Cbus Super has promoted a new head of responsible leadership from within. Ros McKay has been appointed as head of responsible investment and will join Cbus' investment leadership team. In her new role, McKay will lead the evolution of Cbus' ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
APRA chair Wayne Byres flagged that the results of the climate vulnerability assessment (CVA) of the country's five largest banks are expected to be released "in a month or two." Byres highlighted that climate change is a disruptive risk in a speech ...

Glencore faces greenwashing allegations

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
The Environmental Defenders Office has filed a complaint with ASIC and the ACCC against mining company Glencore over allegations of greenwashing and behaviour towards Traditional Owners. The Environmental Defenders Office, on behalf of The Plains Clan ...

HESTA ups the ante on AGL, Santos on climate

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... stated climate strategies do not meet the transition pathway to containing global warming at 1.5˚C. The $68 billion super fund has also lifted its 2030 emissions reduction target to 50%, increasing its previous goal of 33% of normalised emissions against ...

Future Fund, UniSuper hire ESG execs

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
The Future Fund and UniSuper have augmented their ESG teams, with the Future Fund recruiting a high-profile industry executive to its investment stewardship team. Karin Halliday will join the Future Fund as director, ESG and investment stewardship ...

Climate skills development needed: University of Technology Sydney

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2022  |  NEWS
Insights from the UTS Institute for Sustainable Futures has seen 63% of investment professionals admit their climate skills need developing. As reported by sister publication Financial Standard, Research director Alison Atherton offered delegates to ...

No ESG drag seen in performance test results

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
... EISS Super's MySuper - Balanced, BT Super's MySuper and AMG Super. Australian Catholic Superannuation and Retirement Fund is merging with UniSuper, while EISS Super is merging with Cbus Super. Further, five of the products that failed last year's ...

Sustainable packaging sector set to grow: Nanuk

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
... sustainable packaging sector is set for accelerating growth, according to Nanuk Asset Management. Around 10% of the Nanuk New World Fund's portfolio is invested in sustainable packaging-related opportunities, noted Nanuk portfolio manager Peter Wilmshurst. ...

VFMC hires ex-BHP ESG head

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
... investment stewardship team. Chelsea Patten joins VMFC as manager, investment stewardship. She comes to the Victorian state fund manager from BHP, where she was head of ESG Australia/Asia in group finance. Previously, she worked as chief of staff in ...