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Executive appointment roundup: State Street, ANZ

RACHEL ALEMBAKIS  |  THURSDAY, 13 JUL 2023  |  NEWS
This week, several institutions have added key new hires in their sustainability teams. Disability advocate heads up sustainability at State Street Neurodiversity and disability inclusion advocate Jessica Donohue was appointed State Street's head ...

CPA's putting the 'S' in ESG: How does Canada compare?

ROSE MARY PETRASS  |  FRIDAY, 7 JUL 2023  |  NEWS
When it comes to the role of Certified Public Accountants (CPAs) in social governance and community impact, Australia and Canada share similar contexts and have much to learn from each other. In Canada, as in Australia, many companies now view ESG as ...

China opposes UN calls for net zero shipping by 2050

ROSE MARY PETRASS  |  THURSDAY, 6 JUL 2023  |  NEWS
The United Nations have called for a global shipping pact of net zero lifecycle emissions by 2050. UN Secretary-General Antonio Guterres made the call at the International Maritime Organization (IMO) meeting of the Marine Environment Protection Committee ...

Infrastructure funds challenge private equity in ESG race

ROSE MARY PETRASS  |  WEDNESDAY, 5 JUL 2023  |  NEWS
... Preqin said this is due to the US Inflation Reduction Act, which is driving capital towards renewables manufacturing. The act "is expected to release around $3 trillion in green capex spending over the next 10 years. That is going to create a tremendous ...

Cleaning up diversity-washing boosts business performance

ROSE MARY PETRASS  |  MONDAY, 3 JUL 2023  |  NEWS
Financy, creator of the Financy Women's Index, recently launched anti-DEI-washing app Impacter to help businesses self-assess, improve business outcomes, and move towards best practice on diversity, equity, and inclusion (DEI). The new cloud-based ...

Singapore to scale climate data with CDSC NZDPU partnership

ROSE MARY PETRASS  |  MONDAY, 3 JUL 2023  |  NEWS
The Climate Data Steering Committee (CDSC), Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) have signed a Memorandum of Understanding to collaborate on access to climate-related data. The collaboration will join MAS and SGX ...

Nature Market Repair Bill: why some farmers oppose biodiversity offsets

ROSE MARY PETRASS  |  MONDAY, 3 JUL 2023  |  NEWS
Eight thousand farmers across Australia have opposed the inclusion of biodiversity offsets for land clearing in the federal government's Nature Market Repair Bill, which they say could not effectively offset habitat loss from other developments. The ...

BlackRock raises $500m for Super Battery

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023  |  NEWS
BlackRock Alternatives has secured over $500 million from Australian and global institutional and sovereign co-investors to expedite the development of the Waratah Super Battery. The Waratah Super Battery (WSB), believed to be one the largest committed ...

Plibersek announces crackdown on offsets

ROSE MARY PETRASS  |  THURSDAY, 29 JUN 2023  |  NEWS
The federal government today announced a full audit of environmental offsets, to ensure developers are meeting their obligations. The audit will investigate the compliance of over 1000 offset sites approved under national environmental law over the ...

Aussie businesses building climate resilience: FM Global

RACHEL ALEMBAKIS  |  THURSDAY, 29 JUN 2023  |  NEWS
Although Australia ranks 107th out of 130 countries for climate risk exposure, but it has inched up a notch to sit in 19th place for its ability to address those risks, according to a new index from commercial property insurer FM Global. The insurer ...