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Coles signs Queensland renewable energy deal

RACHEL ALEMBAKIS  |  THURSDAY, 24 SEP 2020  |  NEWS
Coles will source more than 90% of its Queensland electricity from renewable energy sources after signing an agreement with state-owned firm CleanCo. The 10-year agreement between Coles and CleanCo commences July 2022 and will see Coles purchase 400 ...

Wesfarmers director to retire

RACHEL ALEMBAKIS  |  THURSDAY, 24 SEP 2020  |  NEWS
Wesfarmers has announced that Diane Smith-Gander will retire as a non-executive director of the company at the company's November AGM. Smith-Gander will retire by rotation and will not seek re-election at the 12 November election. Wesfarmers Chairman ...

Governance Institute backs recommendations for virtual AGMs

RACHEL ALEMBAKIS  |  FRIDAY, 18 SEP 2020  |  NEWS
The Governance Institute of Australia is backing recommendations from a Senate committee to amend the Corporations Act to allow virtual and hybrid annual general meetings. The Senate Select Committee on Financial Technology and Regulatory Technology ...

Superannuation funds accelerate climate action: ClimateWorks

RACHEL ALEMBAKIS  |  FRIDAY, 18 SEP 2020  |  NEWS
Superannuation funds' efforts to address climate change risks are accelerating in Australia, according to a report examining the 20 largest funds. ClimateWorks Australia's Net Zero Momentum Tracker for the superannuation sector evaluated the ...

ARENA, CEFC changes open door to CCS, hydrogen investment

RACHEL ALEMBAKIS  |  FRIDAY, 18 SEP 2020  |  NEWS
The federal government will extend a fresh $1.62 billion to the Australian Renewable Energy Agency (ARENA) to invest, and will change the legislative remit of ARENA and the Clean Energy Finance Corporation (CEFC) towards investing in carbon capture ...

Ardea, UTS partnership to bring AI to fixed income analysis

RACHEL ALEMBAKIS  |  FRIDAY, 18 SEP 2020  |  NEWS
Fixed income specialist Ardea Investment Management has launched a new research partnership with the University of Technology Sydney (UTS) that will apply machine learning to areas including climate change and government bond investing. The Ardea + ...

IIG launches alternative fund-of funds impact strategy

RACHEL ALEMBAKIS  |  FRIDAY, 18 SEP 2020  |  NEWS
Impact Investment Group (IIG) has launched a $70 million fund of funds impact investment fund aimed at providing income yield, return and positive social and environmental impacts. The Impact Alternatives Fund will include a mix of investments covering ...

Rest climate change case pushes ahead

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020  |  NEWS
Rest's legal stoush with one of its members over the fund's approach to climate change is pushing ahead, with a trial fast approaching. Rest and Mark McVeigh had a hearing for a dispute on discovery and privilege earlier this week before mediation ...

RealIndex appoints former Acadian executive

RACHEL ALEMBAKIS  |  THURSDAY, 17 SEP 2020  |  NEWS
Systematic equities manager Realindex Investments has hired Joanna Nash to the newly created role of senior quantitative portfolio manager. Nash has 13 years' quantitative investment experience including senior roles at Acadian, where she was a ...

Global sustainability standards bodies launch shared vision, goals

RACHEL ALEMBAKIS  |  THURSDAY, 17 SEP 2020  |  NEWS
Five global organisations responsible for setting sustainability-related frameworks and standards have joined together to publish a shared vision for what is needed for more comprehensive corporate reporting. CDP, the Climate Disclosure Standards Board ...