Search Results

Showing 11 - 20 of 95 results for "gambling"

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
... options promised to exclude companies involved in carbon intensive fossil fuels like thermal coal, alcohol production and gambling. They were promoted as suitable for members who "are deeply committed to sustainability". Many of the options, however ...

RIAA warns against carbon capture

ROSE MARY PETRASS  |  MONDAY, 22 JUL 2024  |  NEWS
A group of over 500 investors cautions investors and companies against gambling their transition plans on unproven and unscaled technology, as the Senate recommends a ban on carbon capture and storage (CCS). This comes as a host of players ramp up their ...

UniSuper sustainable option returns 15.2%

ROSE MARY PETRASS  |  THURSDAY, 18 JUL 2024  |  NEWS
... Investment Association Australasia (RIAA) Certified. They exclude companies with material exposure to tobacco, alcohol, gambling, weapons, and fossil fuel exploration and production. ESG head Lou Capparelli said outperformance can be attributed to substantial ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024  |  NEWS
... said the use of sustainable investment screens provided a performance boost for both products, with neither invested in gambling, tobacco or weapons companies. For instance, the group pointed out, Australia's energy sector significantly underperformed ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024  |  NEWS
... executive Phil Stockwell - that it eliminated investments that posed a risk to the environment and the community, including gambling, coal mining, and oil tar sands. Court documents showed that Active Super said it wouldn't invest in companies deriving ...

ESG demand still high for advisers

ROSE MARY PETRASS  |  THURSDAY, 23 MAY 2024  |  NEWS
... Investors want to fund the environment, climate change solutions, nature and renewable energy. Human rights, gender equal, gambling, tobacco, weapons and firearms, are also top of the hit list. The events of the past few years - the pandemic, wars, inflationary ...

Government sets stage for sovereign green bond

RACHEL ALEMBAKIS  |  THURSDAY, 7 DEC 2023  |  NEWS
... prohibited by any commitments under an international convention or treaty instrument to which Australia is a signatory; gambling development; and the refining and transportation of fossil fuels, as well as programs that predominately assist Australia's ...

ASIC considering wider lens for greenwashing focus

RACHEL ALEMBAKIS  |  THURSDAY, 9 NOV 2023  |  NEWS
... fossil fuels like thermal coal. Exclusions were also stated to apply to companies involved in alcohol production and gambling. ASIC has also issued a series of infringement notices totalling more than $150,000, including against Future Super for allegations ...

Ethical investments recover performance: Chant West

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... an impact framework. Its negative exclusions include fossil fuel production, weapons and armaments, alcohol, tobacco, gambling, deforestation, human rights violations and unethical corporate governance. It targets investments that have a measurable contribution ...

Active Super to face court over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023  |  NEWS
... that posed too great a risk to the environment and the community, including tobacco manufacturing, oil tar sands and gambling," ASIC said. "Active Super also stated that they had added Russia to their list of excluded countries, following the invasion ...