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ESG product definitions a matter for legislation: ASIC

RACHEL ALEMBAKIS  |  TUESDAY, 2 AUG 2022  |  NEWS
The Australian Securities and Investment Commission believes that standard definitions of ESG products and investments should be set by legislation. ASIC senior executive leader, corporations Claire LaBouchardiere spoke at the recent Australian Council ...

New Zealand XRB releases final climate reporting paper

RACHEL ALEMBAKIS  |  THURSDAY, 28 JUL 2022  |  NEWS
... significant milestone towards ensuring the effects of climate change are actively and routinely considered in business, investment, and lending decisions," said XRB chief executive April Mackenzie. "Climate disclosures bring climate-related risks and ...

ESG managed accounts drive strong growth: BT Panorama

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 JUL 2022  |  NEWS
... Blackrock and Russell Investments. BT is committed to supporting advisers to assist investors with further insights on ESG investment options and has embedded this initiative in the overall business strategy. "The portfolios are very much supported/sponsored ...

Ausbil charts ESG activities and portfolio engagement

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 JUL 2022  |  NEWS
... modern slavery, Indigenous rights and the impact of operational health and safety were key ESG issues in 2021 for Ausbil Investment Management. Ausbil released its 2021 ESG report, delving into material ESG issues that impacted the portfolio. The expanding ...

Perennial awarded $100m Mercer mandate

RACHEL ALEMBAKIS  |  TUESDAY, 26 JUL 2022  |  NEWS
... has awarded a $100 million mandate to the Perennial Better Future Strategy. Perennial Better Futures is a boutique investment business owned by Perennial Partners. It includes the Perennial Better Future Trust and the associated active ETF, the eInvest ...

Innova launches ESG model portfolios

RACHEL ALEMBAKIS  |  THURSDAY, 21 JUL 2022  |  NEWS
... without taking on excessive portfolio tilts over exposures," says Innova Asset Management managing director and co-chief investment officer Dan Miles. "Charitable donations are a key measure of success that we will benchmark ourselves against annually ...

State of the Environment report a wake up call for business, investors

RACHEL ALEMBAKIS  |  THURSDAY, 21 JUL 2022  |  NEWS
... all, businesses should act now to build internal accountability and disclose their actions, EY said. The Responsible Investment Association Australasia (RIAA) noted that "30% of Australia's GDP is dependent on biodiversity and ecosystem services," ...

Stewart Investors identifies progress to net zero

RACHEL ALEMBAKIS  |  THURSDAY, 21 JUL 2022  |  NEWS
... billion as of the end of 2021, released its 2021 climate report, tracking its activities to manage climate risk, identify investment opportunities in sustainable development, and provide stewardship on behalf of clients. The report noted that across ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022  |  NEWS
... to apply to the regulator for faith-based product status. Trustees must certify that the product uses a faith-based investment strategy which is disclosed in regulated disclosures and marketing materials as well as provide one or more indices which the ...

Strong demand for ESG products, but education needed

RACHEL ALEMBAKIS  |  THURSDAY, 21 JUL 2022  |  NEWS
... conversation are seeking further education and have doubts about greenwashing and alignment between personal values and investment products. According to recent research from Investment Trends commissioned by Australian Ethical, 57% of surveyed financial ...