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Investors lag in integrating climate risk: PGIM

RACHEL ALEMBAKIS  |  THURSDAY, 25 FEB 2021  |  NEWS
Investors are increasingly acknowledging climate change as a major risk, but some have not yet incorporated it in investment processes, according to PGIM. PGIM has released research, Weathering Climate Change: Opportunities and Risks in an Altered Investment ...

Majority of CFOs see ESG's importance to business

RACHEL ALEMBAKIS  |  THURSDAY, 25 FEB 2021  |  NEWS
A majority of Australian CFOs see environmental, social and corporate governance (ESG) considerations as important to most parts of their business, according to the latest Deloitte CFO sentiment survey. The most recent sentiment survey, covering the ...

Coca-Cola Amatil sets net zero carbon targets

RACHEL ALEMBAKIS  |  THURSDAY, 25 FEB 2021  |  NEWS
Coca-Cola Amatil has set a net zero carbon emissions target by 2040 as part of a broader set of sustainability targets. Amatil has announced 10 objectives in its 2020-2040 Sustainability Ambitions commitments, focusing actions across four areas - water ...

ESG a total-portfolio subject: bfinance

RACHEL ALEMBAKIS  |  WEDNESDAY, 24 FEB 2021  |  NEWS
ESG is increasingly becoming a "total portfolio" subject, with investors seeking an approach to material ESG issues in a way that encompasses all asset classes, according to a new study from bfinance. The global study includes 26 Australian respondents ...

Ethical fund manager sets ambitious FUM target

RACHEL ALEMBAKIS  |  THURSDAY, 18 FEB 2021  |  NEWS
A leading ethical investment manager says it is aiming for a target of $20 - $25 billion in assets under management, and has strengthened its adviser sales, distribution, and investment teams. Australian Ethical has hired Keenan Bunning and Jeannie ...

Rio Tinto commits to climate vote at AGM

RACHEL ALEMBAKIS  |  THURSDAY, 18 FEB 2021  |  NEWS
Stakeholders including investors and activists have welcomed a decision by Rio Tinto to put its climate reporting to an advisory vote at this year's AGMs. Rio Tinto is the first Australian-listed company to commit to a vote on its Taskforce for Climate-related ...

Australian business face European carbon levy for exports

RACHEL ALEMBAKIS  |  THURSDAY, 18 FEB 2021  |  NEWS
... much open, but it is possible it will lead to increased prices for customers in the EU," Hedges said. "That said, it will act as an incentive to reduce emissions." Hedges also noted that if a non-EU exporter sold into the EU and their product was more ...

BetaShares to launch climate change innovation ETF

RACHEL ALEMBAKIS  |  THURSDAY, 18 FEB 2021  |  NEWS
BetaShares will launch another sustainability-linked ETF on the ASX. The BetaShares Climate Change Innovation ETF (ERTH) is designed to provide investors with exposure to global companies "at the forefront of tackling today's climate and environmental ...

ESG part of financial sustainability of infrastructure: ClearBridge

RACHEL ALEMBAKIS  |  THURSDAY, 18 FEB 2021  |  NEWS
Environmental, social and governance (ESG) considerations are part of calculating long term financial sustainability of infrastructure investments, according to ClearBridge Investments. ClearBridge, which was known as RARE Infrastructure until earlier ...

Ausbil drops fossil fuel companies from sustainable fund

RACHEL ALEMBAKIS  |  THURSDAY, 18 FEB 2021  |  NEWS
Ausbil has excluded companies that derive more than 10% of earnings from direct and indirect fossil fuel holdings from its Active Sustainable Equity Fund. The fund has recently celebrated its third year since inception, reporting an 11.77% annual return ...