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Budget 2024: Additional $11.3bn promised for housing

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024  |  NEWS
The Albanese government has made significant new housing investments in the Budget to help deliver a comprehensive Homes for Australia plan. "We're easing the cost of living - and we're building more homes for Australians. In the five years ...

Budget 2024: A win for clean energy, not environment

ROSE MARY PETRASS  |  WEDNESDAY, 15 MAY 2024  |  NEWS
The Federal Budget is an "excellent down-payment" on clean energy - but fails on nature and biodiversity, gas, electrification, and ACCUs. Treasurer Jim Chalmers aims to unlock $65 billion in renewables by 2030 through the Capacity Investment Scheme. ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024  |  NEWS
The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market. In a bid to promote the development of sustainable ...

ESG jobs in 2024: Salaries, career tips and more

ROSE MARY PETRASS  |  TUESDAY, 14 MAY 2024  |  NEWS
In this episode of The Greener Way, we hear from Simon Gvalda, manager of the ESG and Responsible Investment Recruitment team at Kaizen Recruitment, which recently released its much-awaited salary guide for ESG roles in 2024. Join senior journalist ...

ESG managed accounts hit $16 bn

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
BT Panorama reached a milestone in growth of its managed accounts, as funds under administration increased by 31% to $16 billion, and new ESG options were added. This calendar year the platform has launched new products including those managed by Vanguard ...

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 ...

Plibersek threatens circularity laws

ROSE MARY PETRASS  |  THURSDAY, 9 MAY 2024  |  NEWS
Canberra warns if businesses don't step up it will revise legislation surrounding product stewardship and the circular economy to boost investor confidence. But environment minister Tanya Plibersek concedes that sometimes threats are as effective as ...

AXA IM releases engagement data

ROSE MARY PETRASS  |  THURSDAY, 9 MAY 2024  |  NEWS
Climate and corporate governance were the biggest areas of focus for the leading global asset manager, which ramped up its engagement activities by 14% on the previous year. AXA Investment Managers, with €844 billion AUM, made 681 engagements with ...

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 ...

BlackRock-Temasek closes at US$1.4 bn

ROSE MARY PETRASS  |  MONDAY, 6 MAY 2024  |  NEWS
Two of the world's biggest investors have joined forces to fund private companies making waves in decarbonisation and the net zero economy. BlackRock and Temasek reached a final close of US$1.4 billion for their late-stage venture capital and growth ...
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