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Clear link between ESG performance and shareholder return: Federated Hermes

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 SEP 2022  |  NEWS
There is a clear link between ESG performance and shareholder returns, according to Federated Hermes. However, the relationship between ESG and stronger return is non-linear, the global equities team has found. The performance doesn't come from ESG ...

Podcast: Finding solutions to meet Net Zero 2050 with Viola Lutz

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
In this episode of The Greener Way, we speak with Viola Lutz, head of ISS ESG climate solutions. Lutz discusses how ISS ESG approaches climate risk and climate solutions, why quantitative ESG ratings alone aren't a silver bullet and why we have to use ...

No ESG drag seen in performance test results

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
It is not apparent that MySuper funds that use ESG investing strategies are failing the MySuper performance test under the Your Future, Your Super legislation. As reported in sister publication Financial Standard, five MySuper products have failed the ...

Sustainable packaging sector set to grow: Nanuk

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
Changing consumer habits including increased uptake of ecommerce and a shift from plastic packaging towards alternatives like paper and cardboard means the sustainable packaging sector is set for accelerating growth, according to Nanuk Asset Management. ...

VFMC hires ex-BHP ESG head

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
The Victorian Funds Management Corporation (VFMC) has hired a former BHP ESG executive for a role in its investment stewardship team. Chelsea Patten joins VMFC as manager, investment stewardship. She comes to the Victorian state fund manager from BHP ...

Minderoo Foundation, Illumina launch ocean biodiversity DNA project

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Australian scientists will embark on a project to conserve Australia's rich marine biodiversity through genetic mapping via a partnership between the Minderoo Foundation and a global genome sequencing company. The Minderoo Foundation and Illumina have ...

ACCR files additional claims in Santos lawsuit

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Santos faces fresh allegations of greenwashing in an ongoing federal lawsuit by the Australasian Centre for Corporate Responsibility (ACCR). Last year ACCR filed its suit challenging Santos' net zero emission target in relation to the viability ...

Florida gov bans ESG from state pension investments

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Florida Governor Ron DeSantis and the trustees of the US$253.1 billion State Board of Administration (SBA) have banned ESG from considerations of the state's fund management practices. DeSantis and the two other trustees of the SBA, state CFO Jimmy ...

Clean Energy Finance Corporation turns 10

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Australia's "green bank" has marked its first decade with lifetime investment commitments of $10.76 billion. The Clean Energy Finance Corporation (CEFC) has catalysed a total $37.15 billion in investment over the decade in conjunction with institutional ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
The Reserve Bank of Australia has identified liability risk as one of the climate risks that businesses that do not sufficiently respond to climate change will face. RBA head of domestic markets Jonathan Kearns spoke at the Credit Law Conference this ...