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Impax Asset Management makes case for fossil fuel divestment

RACHEL ALEMBAKIS  |  FRIDAY, 12 JUL 2013  |  NEWS
... global benchmark index can yield a small positive return effect with low tracking error, according to analysis by Impax Asset Management. Impax created model equity portfolios structured around fossil fuel divestment and tilts towards energy efficiency ...

HSBC finds US$364 billion in climate themed bond issuance

RACHEL ALEMBAKIS  |  FRIDAY, 5 JUL 2013  |  NEWS
There is US$364 billion of climate-themed bonds outstanding in 2013, with issuance of new climate-themed bonds up 25% in 2012, according to a report by the Climate Bonds Initiative and the HSBC Climate Change Centre of Excellence. Sean Kidney The report ...

Clean Energy Finance Corporation makes first investments

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 JUL 2013  |  NEWS
The Clean Energy Finance Corporation (CEFC) has hit the ground running by providing finance for two wind farm projects and expanding an existing fund that provides business loans for energy efficiency upgrades. CEFC CEO Oliver Yates The AU$10 billion ...

Westpac, CBA, Benevolent Society launch social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
... a short term scenario for long term gain." SBBs are one aspect of funding social enterprises and social services, and an asset class that Blackburn-Wright and others are hoping will grow in Australia. Blackburn-Wright acknowledged that SBBs are not available ...

PRI to launch new reporting, assessment framework in October

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
... reporting. The framework provides a set of standardised indicators with areas for direct and indirect investors and specific asset class modules, according to the PRI's website. From October, signatories will have an obligation to disclose on these indicators ...

Citi analyses impact of carbon price repeal on ASX companies

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
Citi analysts say coal miners, aluminium/alumina producers, and some oil and gas producers are likely to be the biggest beneficiaries of a repeal of Australia's carbon pricing legislation after the September federal election. Headed by Elaine Prior ...

Bill McKibben urges super funds to divest from fossil fuel

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JUN 2013  |  NEWS
Environmental activist Bill McKibben has met with superannuation funds during his recent Australian tour, pressing the economic and moral case for investors to divest from fossil fuel companies. Bill McKibben, co-founder and chairman of the board of ...

NGS Super allocates to NSW social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
NGS Super has become the first superannuation fund to invest in a social benefit bond with an AU$500,000 allocation to an AU$7 million bond. The social benefit bond (SBB) was launched by Social Ventures Australia (SVA) and will fund the Newpin program ...

Natural Capital Declaration starts implementation phase

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 JUN 2013  |  NEWS
... Capital Declaration is seeking to enhance the understanding of financially-material natural capital risks for different asset classes, while at the same time actively promoting the development of financial products that incorporate natural capital considerations," ...

Mercer: benefits to creating fairer long-term value in capital

RACHEL ALEMBAKIS  |  FRIDAY, 31 MAY 2013  |  NEWS
... engagement can actually contribute to a better return." There is also discussion within the superannuation industry as to whether asset owners need to become more present in engagement activities, in addition to using third party experts. "A lot of the ...