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Budget 2024: Additional $11.3bn promised for housing

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024  |  NEWS
... and youth under the National Housing Infrastructure Facility. The Budget increased the proportion of grants for the investment from $175 million to $700 million to support crisis and transitional housing. Another $1 billion will be invested to get homes ...

Budget 2024: A win for clean energy, not environment

ROSE MARY PETRASS  |  WEDNESDAY, 15 MAY 2024  |  NEWS
... electrification, and ACCUs. Treasurer Jim Chalmers aims to unlock $65 billion in renewables by 2030 through the Capacity Investment Scheme. Key allocations include: $1bn to Solar SunShot, $466m to PsiQuantum, $500m to the Battery Breakthrough Initiative ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024  |  NEWS
... and Treasury to consult on the design of a labelling regime to regulate the use of sustainability labels on retail investment products. Meantime, $5.3 million will be invested over four years and $1.2 million each year ongoing for Treasury, ASIC and ...

Make sustainability sexy

ROSE MARY PETRASS  |  TUESDAY, 14 MAY 2024  |  NEWS
... doesn't sound so sexy to say it like it is: sustainability requires implementing long-term thinking into corporate and investment strategies. "It's all about institutionalising some of that long-term thinking," Rooney said. The regulation that ...

Stewardship resources should double

ROSE MARY PETRASS  |  TUESDAY, 14 MAY 2024  |  NEWS
... dedicated to the values of responsible planning and management of an organisation, need to double as a proportion of total investment resources at industry level. Industry average stewardship resourcing currently sits at around 5% as a percentage of ...

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 ...

Fund selection risk a material issue

ROSE MARY PETRASS  |  FRIDAY, 10 MAY 2024  |  NEWS
Investors face fund selection risk and a substantial disparity in performance when choosing sustainable investment strategies, especially when it comes to ESG exchange-traded funds (ETFs). The difference in annualised returns between ESG funds can be ...

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
... complaint to ASIC in relation to certain holdings. The member believes UniSuper marketing two of its three responsible investment options as 'sustainable' places too much onus on individual members to investigate further how returns are generated in ...

Plibersek threatens circularity laws

ROSE MARY PETRASS  |  THURSDAY, 9 MAY 2024  |  NEWS
... thing to set targets... actually delivering on those targets is really important. "Targets haven't had the backup of investment, and... new regulation. And without those two additional levers the targets on their own have not been successful." Industries ...
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