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Showing 351 - 360 of 2808 results for "REC"

First renewable energy zone to start works

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
The first Renewable Energy Zone (REZ) in the country to achieve planning approval will drive up to $20 billion in private investment and unlock at least 4.5 gigawatts of new network capacity over the next six years. Having just gained planning approval ...

Allspring defends exit from climate group

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
The global asset manager commented on its departure of the Climate Action 100+ (CA100+), stating it will not abandon climate goals. Allspring said it exited CA100+ so it could take a more customised approach. The Investor Group on Climate Change (IGCC) ...

Investors exit climate group amid politicisation

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
Climate Action 100+ (CA100+) has lost two more asset managers; Allspring and AllianceBernstein decided to leave in May. The high-profile withdrawals have been pinned to heavy politicisation of ESG. This follows the departure of J.P. Morgan, Invesco ...

Ex-Moody's chief rejoins standards setter

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
Michel Madelain has been named the new managing director of the International Financial Reporting Standards (IFRS) Foundation, effective 9 September 2024. Madelaine was previously president and chief operating officer for credit ratings and research ...

LGIM, Generation, MUFG to report on nature

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
The Taskforce on Nature-related Financial Disclosures (TNFD) has seen 96 publicly listed entities sign up, representing over US$6 trillion in market capitalisation. This is a 30% increase in adopters of nature-related corporate reporting recommendations ...

Latest disclosure update

ROSE MARY PETRASS  |  FRIDAY, 28 JUN 2024  |  NEWS
Global standards, benchmarks and taxonomies move to align for greater interoperability - the EU proposes new sustainable financial product labels. Here is the latest. TNFD and EFRAG release alignment mapping The Taskforce on Nature-related Financial ...

Clean energy trends are "unstoppable"

ROSE MARY PETRASS  |  FRIDAY, 28 JUN 2024  |  NEWS
Portfolio exposure to the clean energy transition is a vital tool in an investor's toolbox, amidst low overall growth which in some countries has turned negative or become unstable, a global investment manager says. The long-term trend toward electrification ...

DEI peak body firms up leadership

ROSE MARY PETRASS  |  THURSDAY, 27 JUN 2024  |  NEWS
The Diversity Council of Australia (DCA) has elected leaders from UN Global Compact Network Australia, Telstra, and Schneider Electric, onto its board of directors. Sunita Gloster replaces Ming Long as chair, as she has moved to the the Commonwealth ...

Retirement heavyweight pitches climate fix

ROSE MARY PETRASS  |  THURSDAY, 27 JUN 2024  |  NEWS
Top retirement specialist Jeremy Cooper has taken up the decarbonisation challenge with an ESG strategic advisory position - and he has a proposal that will shake up the industry. Cooper joins multinational professional services firm MinterEllison's ...

ESG funds are cheaper: Morningstar

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUN 2024  |  NEWS
Morningstar Sustainalytics has busted the pervasive market view that ESG investments are inherently more costly, by comparing European ESG funds to their mainstream peers. Researchers analysed the asset-weighted representative costs of funds in Europe ...