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David Atkin, responsible investment leader, to step down as Cbus CEO

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 JAN 2020  |  NEWS
Cbus Super CEO David Atkin will leave the fund in mid-2020 after more than 12 years leading the fund. Under Atkin's leadership, the fund grew from #$12 billion to $56.5 billion in funds under management, said Cbus Super Chair Steve Bracks. "David has ...

Calculating the shorter, longer-term cost of bushfire

RACHEL ALEMBAKIS  |  FRIDAY, 10 JAN 2020  |  NEWS
Economists have begun to count the costs of bushfires throughout southern Australia, identifying that the agriculture, tourism, retail and construction sectors will see negative impacts, but also saying that the worst impacts will be "indirect." Carlos ...

ESG data can augment low-volatility quant strategies: Northern Trust

RACHEL ALEMBAKIS  |  FRIDAY, 10 JAN 2020  |  NEWS
Environmental, social and corporate governance (ESG) data can augment low volatility quantitative strategies and enhance alpha seeking strategies, according to Northern Trust Asset Management. Michael Hunstad, head of quantitative research global equity ...

IFC expands EDGE program to include BNP Paribas ClimateSeed program

RACHEL ALEMBAKIS  |  FRIDAY, 10 JAN 2020  |  NEWS
The IFC has expanded its Edge certification program to include BNP Paribas' ClimateSeed carbon offset program. ClimateSeed is one of six accepted carbon offset programs in IFC's Zero Carbon Green Bujildings certificate under the IFC Edge program. To ...

Genex Power closes $192 million certified green debt funding package

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
Renewable energy generation developer Genex Power has closed a nearly $200 million debt funding package that has been verified as a green loan, certified by the Climate Bonds Standard. Simon Kidston, executive director, Genex Power The $192 million ...

Sydney Stock Exchange announces new CEO, first listings, ESG focus

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
Alternative stock exchange the Sydney Stock Exchange (SSX) has announced Michael Go as its new CEO, as well as its first two listing applications. Michael Go, CEO, Sydney Stock Exchange SSX will focus on smaller growth companies and is integrating environmental ...

How the law can drive impact through investment: B Lab

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
Ed note: The Sustainability Report is pleased to present this article from Anna Crabb, Head of Strategy and Partnerships, B Lab Australia and New Zealand Anna Crabb, Head of Strategy and Partnerships, B Lab Australia and New Zealand At the recent Impact ...

ASX200 hits 30% target for women on boards: AICD

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
Women now comprise 30% of ASX200 board positions for the first time, according to the Australian Institute of Company Directors (AICD). In April 2015, AICD set a voluntary target for 30% of board seats to be filled by women by the end of 2018. At the ...

Climate-related policies "inevitable", but likely to be disorderly: IPR

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
Governments will inevitably be required to implement climate-related policies, but due to "highly insufficient" actions thus far, the response by 2025 will be "forceful, abrupt and disorderly," according to the Inevitable Policy Response (IPR) project ...

ASFI identifies six critical challenges for sustainable finance roadmap

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
The Australian Sustainable Finance Initiative (ASFI) has homed in on six critical challenges that the financial services sector must address. Simon O'Connor, CEO RIAA ASFI is a collaborative initiative supported by insurers, superannuation funds, investment ...