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Showing 11 - 20 of 210 results for "divest"

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  MONDAY, 11 NOV 2024  |  NEWS
HESTA chief executive Debby Blakey has said the super fund has been engaging directly with MinRes regarding its recent governance failures and "remains disappointed" with the company's responses. "Our concerns include that the managing director's ...

Australian Retirement Trust hires impact PMs

ELIZABETH FRY  |  THURSDAY, 24 OCT 2024  |  NEWS
Australian Retirement Trust has added two impact investors to its sustainable investments team - one from Save the Children and the other from Brightlight Group. Both Julianne Wilkin and Charles Liu - who joined as senior portfolio manager and portfolio ...

Offloading assets is last resort in fight against slavery

ROSE MARY PETRASS  |  MONDAY, 21 OCT 2024  |  NEWS
Investors have been in the dark when it comes to uncovering slavery risks and understanding their role in remediation - but a new toolkit shines a light on the path forward. According to First Sentier MUFG Sustainable Investment Institute, asset owners ...

Green moves at Future Group, AusSuper, Birdwood, Minderoo, Mutual Trust

ROSE MARY PETRASS  |  MONDAY, 21 OCT 2024  |  NEWS
Future Group has a new head of sustainable investments. Jackie Radisich was promoted after joining as an analyst in 2019. She was previously at executive search firm Perrett Laver. The team now hunts for a new junior analyst, "someone who is passionate ...

Ellerston ramps up exclusions list

ROSE MARY PETRASS  |  MONDAY, 23 SEP 2024  |  NEWS
... exclusion post-investment, for example due to market movements or M&A activity". In that case, the fund would not immediately divest. However, it would not increase its investment, either, "where possible". It would commence an engagement with the company ...

UBS passive strategies flagged on human rights

ROSE MARY PETRASS  |  THURSDAY, 5 SEP 2024  |  NEWS
A human rights complaint against UBS follows legal precedent that financiers are responsible for acting on human rights in passive index funds. The Swiss human rights watchdog accepted a complaint against UBS for holdings in private prison contractors ...

Rockefeller org picks climate advisers

ROSE MARY PETRASS  |  TUESDAY, 11 JUN 2024  |  NEWS
... Songwe, economist, and Archana Soreng, activist. Despite being founded on oil money, in 2020 the foundation pledged it would divest from fossil fuels. John D Rockefeller, founder of Standard Oil, which once controlled over 90% of US oil production, set ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024  |  NEWS
Active Super has been found guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website ...

Active ownership is the new sheriff in town

MICHELLE BALTAZAR  |  WEDNESDAY, 1 MAY 2024  |  NEWS
... next six years, said Stewart. For example, in 2004, Aware Super was one of the first Australian institutional investors to divest from tobacco. In 2015, it was one of the first super funds to come up with a climate adaptation plan. In 2020, it developed ...

Geostrategic risks in a changing world

ROSE MARY PETRASS  |  WEDNESDAY, 1 MAY 2024  |  NEWS
Increasing geopolitical uncertainty means that investors must navigate new risks affecting supply chains, food security and human rights. Responsible investors must weigh ethical responsibility with protecting against financial risk. While most geopolitical ...