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New fossil fuel exploration acreage released

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021  |  NEWS
... pandemic. Exploration will continue to play a key role in supporting Australia's economic growth by encouraging investment in development prospects, as well as unlocking additional supply." Later at the conference, Paul Trotman - head of division ...

Infrastructure manager joins Principles for Responsible Investment

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 JUN 2021  |  NEWS
TRUE Infrastructure Management has joined the United Nations-supported Principles for Responsible Investment (PRI). TRUE is a fund of fund manager that offers infrastructure investments to non-institutional investors via investing with two of Australia's ...

EY names Oceania chief sustainability officer

RACHEL ALEMBAKIS  |  FRIDAY, 11 JUN 2021  |  NEWS
... is a team that covers sustainability, nonfinancial reporting and climate change outcomes measurement and community investment services. Earlier this year, Nelson spoke with FS Sustainability about the EY's 2021 Capital Confidence Barometer, which ...

Investment Leadership Awards ESG winners revealed

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
Australian Ethical Investment and BetaShares Capital have taken top awards in the ESG category at the annual Financial Standard Investment Leadership Awards in Sydney. The awards, run by partner publication Financial Standard, recognise Australian investment ...

KiwiSaver exclusions not necessarily a performance drag: ISS

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
... currently nine default KiwiSaver providers in New Zealand, and their contracts expire at the end of June. From 1 July, investment service providers will have to screen out controversial weapons and fossil fuel companies as well as maintain a disclosed ...

Assessing carbon beta risk in portfolios: Platypus Asset Management

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
... climate change shocks, which they call the Platypus Carbon Beta. Platypus Asset Management views ESG as a driver of investment return or alpha, said Platypus head of ESG and engagement Kristen Le Mesurier, who joined the firm in October 2020 from AMP ...

Oxfam Australia calls for stronger climate action amid GDP risk

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
... drive scale within the low carbon economy." Government signals through policy shifts would help to catalyse private investment, Bungcaras said. "The EU is probably leading in that space, as they set up a number of different initiatives to boost public ...

Fund manager seeking to expand ESG team

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 JUN 2021  |  NEWS
... Perennial Partners announced in April that it has spun its ESG team and flagship ESG fund into a separate boutique investment business. Perennial Better Future includes the Perennial Better Future Trust and the associated active ETF, the eInvest Better ...

ASFI reports on momentum towards sustainable finance sector

RACHEL ALEMBAKIS  |  TUESDAY, 8 JUN 2021  |  NEWS
... using them as license to drive important activity," said Simon O'Connor, ASFI co-chair and CEO of the Responsible Investment Association Australasia (RIAA). O'Connor noted activities by organization beyond the financial services sector to include ...

DON Smallgoods site to house bioenergy plant development

RACHEL ALEMBAKIS  |  MONDAY, 7 JUN 2021  |  NEWS
... MASG reported that initial seed funding for the project has been received and the entity is in the second round of investment sourcing for its intended construction phase. As part of the agreement, DON Smallgoods will purchase the energy generated from ...