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Showing 201 - 210 of 1454 results for %22climate change%22

Blackstone closes record energy transition fund at $7.1bn

ROSE MARY PETRASS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... 2022, Blackstone announced a goal of $100 billion in investments over the next decade towards energy transition and climate change solutions projects. Blackstone's Credit and Insurance segment currently has $295 billion in AUM and seeks risk-adjusted ...

Ethical investments recover performance: Chant West

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... generating returns is "inherently more valuable than one that doesn't," Unwin added. "Economic winds have no influence on climate solutions." Of course, no one has a crystal ball. But the strategy is that the financial value of "destructive" investments ...

ASX200 skirts Scope 3 disclosures

ROSE MARY PETRASS  |  TUESDAY, 15 AUG 2023  |  NEWS
While nearly 70% of the ASX200 is now reporting against the Taskforce for Climate-related Financial Disclosures (TCFD) framework, "not all net zero commitments are equal" and significant Scope 3 emissions disclosure gaps remain. New research by the ...

Climate: debt rise, credit falls for 59 nations as early as 2030

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
... University of Cambridge said financial decision makers lacked the necessary credible, digestible information on how climate change translates into material risks. The paper Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign ...

Industy veterans named to sustainable finance taxonomy working group

RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... taxonomy. The Australian Sustainable Finance Institute (ASFI) has named former RBA deputy governor Guy Debelle and EY climate change and sustainability services partner Emma Herd as the co-chairs of the Taxonomy Technical Expert Group (TTEG). "It is ...

Renewables round up: BlackRock launches US$1.9b NZ renewables fund

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... will help create highly skilled jobs," Hipkins added. "With countries around the world experiencing the impacts of climate change on a daily basis, it's never been more urgent to invest in technology that will help address the climate crisis. Minister ...

Climate disclosure lawsuit against Commonwealth settled

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... landmark class action lawsuit against the Commonwealth of Australia alleging the government does not properly disclose climate change risk in government bonds has been settled. The case was filed in 2020 by Kathleen (Katta) O'Donnell, who is represented ...

Revenue recycling carbon tax would increase Australia's GDP

ROSE MARY PETRASS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... economy. In its place the Abbott government set up the Emission Reduction Fund in 2014 and emissions resumed growth. The climate safeguard mechanism is a component of this change policy tool that applies to direct emissions from designated large facilities. ...

Morgan Stanley reaches 70% of $1tn sustainable finance goal

ROSE MARY PETRASS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... investment will be needed every year to build a net-zero global economy by 2050, according to global economic growth and climate change mitigation think tank the Energy Transitions Commission. Morgan Stanley Chairman and CEO James Gorman commented: "I ...

Fidelity creates chief sustainability role, plus new chairs for IPCC and PRI

ROSE MARY PETRASS  |  FRIDAY, 4 AUG 2023  |  NEWS
... sustainability officer position and put Jenn-Hui Tan in the role. This comes as the Intergovernmental Panel on Climate Change (IPCC) and UN-supported Principles for Responsible Investment (PRI) announce new chairs. Tan has received multiple promotions ...