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NZ Super Fund shifts $25 billion to low carbon indices

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 SEP 2022  |  NEWS
... climate goals, we expect these new indices to deliver better environmental, social and governance (ESG) metrics across the board," said chief investment officer Stephen Gilmore. The changes will further reduce the Fund's exposure to carbon emissions. ...

Glencore faces greenwashing allegations

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... plans in place. In separately lodged complaints on behalf of Lock the Gate Alliance and PCWP with the Advertising Standards Board in Australia, the EDO alleges "apparent breaches of the Environmental Claims Code and Australian Association of National ...

HESTA ups the ante on AGL, Santos on climate

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
HESTA has placed AGL, Origin, Santos and Woodside on a watchlist over concerns that their stated climate strategies do not meet the transition pathway to containing global warming at 1.5˚C. The $68 billion super fund has also lifted its 2030 emissions ...

Future Fund, UniSuper hire ESG execs

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... communications to shareholders and other stakeholders, and issues including executive remuneration, diversity, succession planning, board skills matrixes, data security, and the value of non-financial performance. In 2013, Halliday explained from her ...

No ESG drag seen in performance test results

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
... of this commentary seems to have misunderstood the fact that ESG that underperformed because markets were weak across the board, and that if it hit ESG funds it would just as likely hit other funds." Through the 2021-22 FY, the Rainmaker ESG Diversified ...

Florida gov bans ESG from state pension investments

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Florida Governor Ron DeSantis and the trustees of the US$253.1 billion State Board of Administration (SBA) have banned ESG from considerations of the state's fund management practices. DeSantis and the two other trustees of the SBA, state CFO Jimmy ...

ASX300 upping the ante on ESG reporting: Melior

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
... companies," King said. "If the G isn't in place, the S and the E aren't going to follow. "We are paying close attention to board skills matrices - do boards have the skills in place to actually be able to comprehensively provide appropriate governance ...

Companies lag on digital transformation: Governance Institute

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
... an element considered crucial for an effective digital transformation. The vast majority of respondents - 93% - say the board should be involved in technology issues but 34% say their board is not dealing competently with tech issues. 47% say this is ...

Varying levels of progress on modern slavery: IAST APAC

RACHEL ALEMBAKIS  |  THURSDAY, 11 AUG 2022  |  NEWS
... ASX200 in June 2021. At least 29% of these top 200 Australian companies committed to raise the investor statement with their board and/or senior management, IAST APAC said. "While many companies acknowledged the expectations of the investor statement ...

APRA releases climate risk assessment results

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
... through mitigation plans, including through engaging customers and counterparties, and reporting relevant information to board and senior management, and considering external market disclosures.