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Showing 151 - 160 of 1287 results for "climate change"

Blackstone closes record energy transition fund at $7.1bn

ROSE MARY PETRASS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... 2022, Blackstone announced a goal of $100 billion in investments over the next decade towards energy transition and climate change solutions projects. Blackstone's Credit and Insurance segment currently has $295 billion in AUM and seeks risk-adjusted ...

Climate: debt rise, credit falls for 59 nations as early as 2030

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
... University of Cambridge said financial decision makers lacked the necessary credible, digestible information on how climate change translates into material risks. The paper Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign ...

Industy veterans named to sustainable finance taxonomy working group

RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... taxonomy. The Australian Sustainable Finance Institute (ASFI) has named former RBA deputy governor Guy Debelle and EY climate change and sustainability services partner Emma Herd as the co-chairs of the Taxonomy Technical Expert Group (TTEG). "It is ...

Renewables round up: BlackRock launches US$1.9b NZ renewables fund

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... will help create highly skilled jobs," Hipkins added. "With countries around the world experiencing the impacts of climate change on a daily basis, it's never been more urgent to invest in technology that will help address the climate crisis. Minister ...

Climate disclosure lawsuit against Commonwealth settled

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... landmark class action lawsuit against the Commonwealth of Australia alleging the government does not properly disclose climate change risk in government bonds has been settled. The case was filed in 2020 by Kathleen (Katta) O'Donnell, who is represented ...

Morgan Stanley reaches 70% of $1tn sustainable finance goal

ROSE MARY PETRASS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... investment will be needed every year to build a net-zero global economy by 2050, according to global economic growth and climate change mitigation think tank the Energy Transitions Commission. Morgan Stanley Chairman and CEO James Gorman commented: "I ...

Fidelity creates chief sustainability role, plus new chairs for IPCC and PRI

ROSE MARY PETRASS  |  FRIDAY, 4 AUG 2023  |  NEWS
... sustainability officer position and put Jenn-Hui Tan in the role. This comes as the Intergovernmental Panel on Climate Change (IPCC) and UN-supported Principles for Responsible Investment (PRI) announce new chairs. Tan has received multiple promotions ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
Financial institutions, central banks, regulators and governments underestimate the economic damages of climate change because they don't consider climate tipping points. Methodologies that guide the finance world should be corrected as a matter ...

La Trobe Uni issues $175m green bond

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 AUG 2023  |  NEWS
... activities through this green bond, La Trobe University is highlighting the need to reduce emissions and address climate change. We're proud to be partnering with La Trobe University in their transition to net zero." Image: Nangak Tamboree at La ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... stewardship of investee companies, and sustainable finance policy engagement. The study, 2023 Asset Managers and Climate Change, found 95% of portfolios have not made significant progress on climate commitments since 2021, and environmental stewardship ...