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JANA hires first head of sustainability

RACHEL ALEMBAKIS  |  MONDAY, 24 MAY 2021  |  NEWS
Investment consulting firm JANA has hired Rachel Halpern as its first head of sustainability. Rachel Halpern joins JANA from Westpac Group, where she was executive manager for risk. She has had an established advisory career covering risk and commercial ...

Singapore Stock Exchange to launch carbon exchange

RACHEL ALEMBAKIS  |  FRIDAY, 21 MAY 2021  |  NEWS
The Singapore Exchange (SGX) is developing a carbon exchange and marketplace with an aim to launch by the end of 2021. SGX, in conjunction with DBS, Standard Chartered and Temasek, are developing Climate Impact X (CIX), aimed at providing entities with ...

Advisers seek education, clarification on ESG investing

RACHEL ALEMBAKIS  |  THURSDAY, 20 MAY 2021  |  NEWS
Advisers identify confidence in their knowledge of the ESG sector as a challenge and seek better education as a key tool, according to new research from Investment Trends. Investment Trends recently surveyed 300 advisers on ESG investing and found that ...

$515 million sustainability loan anchors seaport refinance

RACHEL ALEMBAKIS  |  THURSDAY, 20 MAY 2021  |  NEWS
An Australian seaport has secured more than a half a billion dollars in sustainability-linked and green loans as part of a broader refinancing transaction. National Australia Bank (NAB) has led the development of a landmark loan for Port of Newcastle ...

Modern slavery, Indigenous heritage, climate change top agenda: Paradice IM

RACHEL ALEMBAKIS  |  THURSDAY, 20 MAY 2021  |  NEWS
Modern slavery, occupational health and safety, protection of Indigenous heritage and climate change are key ESG themes for corporate engagement, according to Paradice Investment Management. Paradice integrates ESG and active ownership into its investment ...

Net zero: How to separate truth from marketing

ELIZABETH MCARTHUR  |  THURSDAY, 20 MAY 2021  |  NEWS
Net zero commitments are rapidly becoming the new normal among companies and investors, but it takes some digging to work out which commitments are backed by real plans and which are just talk. As reported by Financial Standard from the Conference of ...

Neuberger Berman closes $280m private equity impact fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 MAY 2021  |  NEWS
Neuberger Berman has announced the final close of a private equity impact fund that raised $280 million from investors, including Australian superannuation funds. The NB Private Equity Impact Fund invests in direct and fund investments that seek to ...

Unite the league: investors join climate coalition

RACHEL ALEMBAKIS  |  MONDAY, 17 MAY 2021  |  NEWS
Four new financial institutions have joined Climate League 2030, an initiative seeking further Australian emissions reductions of at least 230 million tonnes a year by the end of the decade. ISPT, Teachers Mutual Bank, TelstraSuper and U Ethical have ...

"Booming" demand for ESG specialists

RACHEL ALEMBAKIS  |  THURSDAY, 13 MAY 2021  |  NEWS
Firms in Australia and regionally have announced hires to ESG and sustainability teams, with one expert saying demand is high for ESG specialists. Hiring for ESG professionals in financial services is "booming," said Simon Gvalda, senior recruitment ...

War, vice and climate: assessing investors ethical stands

RACHEL ALEMBAKIS  |  THURSDAY, 13 MAY 2021  |  NEWS
Attitudes towards ethical investing preferences differ strongly between generations, according to a survey by Nucleus Wealth Management. Nucleus Wealth conducted a survey of more than 1450 Nucleus Wealth clients and potential investors on attitudes ...