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Showing 1 - 10 of 205 results for "ACCU"

Budget 2024: A win for clean energy, not environment

ROSE MARY PETRASS  |  WEDNESDAY, 15 MAY 2024  |  NEWS
... John Connor also called the Budget an important down-payment but stressed the need for more substantial investments in the ACCU and Nature Repair Market.

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
UniSuper was recently hit with fresh allegations of greenwashing by a member who issued a complaint to ASIC in relation to certain holdings. The member believes UniSuper marketing two of its three responsible investment options as 'sustainable' places ...

ASIC consults on guidance for carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 8 MAY 2024  |  NEWS
The corporate regulator will update guidance for carbon market participants in relation to the Australian financial services (AFS) licensing requirements. The Australian Securities and Investments Commission (ASIC) proposed an overhaul of its regulatory ...

Greenwashing crackdown will boost ESG fund flows: ASIC

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
Corporate watchdog chair Joe Longo has underlined the regulator's hardline approach and said compliance leads to more profitability. Responsible investors must ensure their products are true-to-label in order to avoid greenwashing, the Australian ...

New fintech partnership tracks carbon

ROSE MARY PETRASS  |  FRIDAY, 19 APR 2024  |  NEWS
A carbon tracker and an AI engagement platform for financial institutions have joined forces to provide climate-conscious spending solutions. Cogo will track carbon emissions for clients of Personetics, a global firm with over 130 bank partnerships ...

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
Climate Energy Finance (CEF) says buildings are the "low-hanging fruit" that make up the lion's share of the big four banks' sustainable finance target (SFT) of $385 billion by 2030 - while just 7% flows to financing clean energy and hard-to-abate sectors. ...

Sandon Capital to buy carbon farms

ROSE MARY PETRASS  |  MONDAY, 15 APR 2024  |  NEWS
An activist fund has lobbed a $11.6 million cash takeover bid for a majority stake in 30 Western Australian carbon farms. Carbon Conscious Investments (CCI) holds carbon property rights to nearly 17,000 hectares of Mallee trees plantation in the WA ...

Three innovations to fix carbon market

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... from a focus on carbon neutrality to net zero alignment, beyond company value chains. Driven by the Safeguard Mechanism, ACCU demand will peak at 31 million units in 2033, says CMI, the member-based group targeting best practice in carbon markets and ...

Borrowers pressured for plans as Scope 3 left in dust

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
Almost half (42%) of energy companies on Citi bank's loan book do not have climate transition plans. The US bank's recently released climate report ranked energy companies from "low" to "strong" based on emissions reduction plans. It found current transition ...

Flawed carbon credits add to business risk

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
... farmers vulnerable. "Last year we welcomed the recommendation of the Chubb Review that the Australian Carbon Credit Units (ACCU) system be overhauled. We also consider that the Chubb Review itself didn't go far enough in its findings to ensure that ...
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