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Strong inflows to sustainable option: Stockspot

RACHEL ALEMBAKIS  |  TUESDAY, 29 SEP 2020  |  NEWS
Robo-adviser Stockspot's sustainable investing option has attracted close to 20% of new client inflows since launching in July. "We're pleased to see such positive feedback and uptake of our sustainable portfolios by new and existing clients," said ...

Investors to develop tool to measure biodiversity impacts

RACHEL ALEMBAKIS  |  FRIDAY, 25 SEP 2020  |  NEWS
AXA Investment Managers, BNP Paribas Asset Management, Sycomore Asset Management, and Mirova are developing a tool to measure how investment impact biodiversity. AXA IM, BNPPAM, Sycomore and Mirova launched the Investor Statement on the need for biodiversity ...

Three lessons when assessing ESG risks

JOSHUA KENDALL  |  FRIDAY, 25 SEP 2020  |  NEWS
Wirecard, the German payments company, filed for insolvency on 25 June 2020 after the group revealed over-indebtedness and reported incidences of fraud. Having issued an investment grade bond in September 2019 at a yield of around 0.5%, in less than ...

Head of sustainability salaries revealed

RACHEL ALEMBAKIS  |  THURSDAY, 24 SEP 2020  |  NEWS
The average salary for a head of sustainability role in tops $300,000, with women earning slightly more than men, according to research from specialist recruitment agency Talent Nation. Talent Nation collected information from over 200 companies in ...

Northern Trust outlines social, environmental challenges to road ahead

RACHEL ALEMBAKIS  |  THURSDAY, 24 SEP 2020  |  NEWS
Reimaging capitalism and reengaging with climate risk are two of the broad themes that will affect financial markets over the next five years, according to Northern Trust. Northern Trust has updated their capital market assumptions, forecasting global ...

Solar financier to issue certified green ABS

RACHEL ALEMBAKIS  |  THURSDAY, 24 SEP 2020  |  NEWS
Brighte Capital, a leading domestic home energy-focused financier, will participate in a 100% green-certified asset-backed securities issuance. The issuance will comprise unsecured Green Certified finance provided to households for residential solar ...

Opinion: Australian super funds could benefit from US ESG policy move

RAEWYN WILLIAMS  |  THURSDAY, 24 SEP 2020  |  NEWS
Note: This piece was contributed by Raewyn Williams of Parametric and solely reflect the writer's opinion. As Australian super funds build a reputation as strong advocates for climate change action, disturbing events in the US should make the industry ...

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 ...