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Local Government Super appoints Claudia Bels as board director

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 JAN 2020  |  NEWS
... director to join as part of recent changes to broaden the diversity, and strengthen specific skills on the LGS board, the fund said. Bels is an experienced non-executive director and committee chair across a wide variety of member-based, private and ...

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 ...

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 ...

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 ...

Directors urged to exercise legal duties over climate risk as context evolves

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... resolved, with the New York State court, Australia is gearing up for a suit brought by Mark McVeigh against his superannuation fund provider, REST Super. There are two challenges in the case - one is that REST Super is not exercising its due diligence ...

Integrating ESG essential to infrastructure portfolio: First Sentier Investors

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... Sentier currently manages four dedicated direct infrastructure funds - the First State European diversified Infrastructure Fund, which has EUR2.0 billion in assets under management, the European Diversified Infrastructure Fund II, with EUR 2.6 billion ...

Superannuation funds that invest responsibly outperform: RIAA

RACHEL ALEMBAKIS  |  FRIDAY, 6 DEC 2019  |  NEWS
... time period, RIAA found in its Responsible Investment Super Study 2019. "This moves us beyond a discussion of what is your fund invested in/divesting from, because we know there's so much more to a responsible investment strategy than that," said Simon ...

Investing in insurance linked securities, integrating climate risk: Amundi

RACHEL ALEMBAKIS  |  FRIDAY, 6 DEC 2019  |  NEWS
... Investing in insurance linked securities (ILS) can provide return in an asset class that is uncorrelated to other assets, with fund manager Amundi running an ILS strategy that takes into account long-term climate risks and opportunities. Chin Liu, SVP ...

Interest in responsible investing not limited to Gen Y: Franklin Templeton

RACHEL ALEMBAKIS  |  FRIDAY, 6 DEC 2019  |  NEWS
... see the impact of that investment." In contrast, an average of 28% of respondents said they would like their superannuation fund provider to offer a negative screening option, eliminating investments associated with "harmful activities." "The relatively ...