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QBE joins Business Council for Sustainable Development Australia

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2019  |  NEWS
QBE Insurance has joined the Business Council for Sustainable Development Australia (BCSD Australia). Andrew Petersen, CEO, Sustainable Business Australia "We are pleased to welcome and work with QBE, one of the giants in the Australian insurance industry. ...

Australian Sustainable Finance Initiative sets ambitious investment agenda

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
The big four banks, Australia's largest superannuation funds, insurance companies and industry groups have launched the Australian Sustainable Finance Initiative, a collaborative group to steer investment towards human wellbeing, social equity and environmental ...

AASB, AuASB statement raises stakes on disclosure of climate-related risk

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
A joint guidance statement by the Australian Accounting Standards Board (AASB) and Auditing & Assurance Standards Board (AuASB) on the integration of climate change-related risks into financial statement materiality considerations has intensified the ...

flexigroup issues $90.9 million Climate Bond certified green bond tranche

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
... unsecured, retail, "no interest ever" payment plans, originated by Certegy Ezi-Pay Pty Ltd In 2016 flexigroup issued Australia's first asset-backed green bond. The CEFC invested $20 million in the $50 million note issuance and invested a further $20 ...

Future IM/Pact signs two new partners, launches student events

RACHEL ALEMBAKIS  |  FRIDAY, 22 MAR 2019  |  NEWS
Future IM/Pact, an initiative aimed at increasing the diversity of talent coming into investment management industry, has signed two new partners and launched student networking events in Sydney and Melbourne. Yolanda Beattie, diversity and inclusion ...

Constructing an impact portfolio as stand-alone strategy: Nuveen

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAR 2019  |  NEWS
... Nuveen Private Markets Rekha Unnithan, the lead impact portfolio manager for Nuveen Private Markets, was recently in Australia, discussing the philosophy behind the Nuveen's US$ billion multi-asset class impact investing portfolio which includes private ...

UBank launches world first certified Green Term Deposit

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAR 2019  |  NEWS
UBank has launched the world's first Green Term Deposit, certified by the Climate Bonds Initiative (CBI). UBank's Green Term Deposit is matched to a portfolio of renewable energy projects such as wind and solar power, and low carbon transport and buildings. ...

Climate change, modern slavery on ESG engagement agenda: Ausbil

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAR 2019  |  NEWS
... be impacted by various scenarios." Modern Slavery in the supply chain - and the launch of the Modern Slavery Act in Australia- has also been an area of focus for Ausbil. Ausbil noted that according to the UN, 40 million people, worldwide, live in modern ...

ACSI updates gender diversity policy to apply to ASX200 companies

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAR 2019  |  NEWS
... sustainably it is important that they consider the deepest possible talent pool of directors." Meanwhile, the 30% Club Australia has set a new target for ASX 201- 300 companies to meet the target of having 30% women representation on boards by the end ...

Climate change high on agenda for Oliver Yates parliamentary bid

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAR 2019  |  NEWS
... frameworks." Yates pointed to the decarbonisation of the electricity sector as one of the most efficient means of decarbonising Australia's economy and proposes a strong role for Australian governmental funding to achieve that goal. "Because the electricity ...