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Showing 21 - 30 of 2414 results for "ACT"

DEI winner takes home top prize

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
A social enterprise that employs refugee and migrant women has won the National Banksia Award; it's the first time a nomination in the DEI category has taken out the top sustainability prize. The fashion house The Social Outfit provides employment and ...

Borrowers pressured for plans as Scope 3 left in dust

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
Almost half (42%) of energy companies on Citi bank's loan book do not have climate transition plans. The US bank's recently released climate report ranked energy companies from "low" to "strong" based on emissions reduction plans. It found current transition ...

MLC Life hires from U Ethical

ELIZABETH FRY  |  THURSDAY, 4 APR 2024  |  NEWS
A former U Ethical Investors' ethics and impact manager has landed at MLC Life Insurance as a sustainability manager. In the new role, Desiree Lucchese will help advance, refine, and implement the insurer's broad sustainability strategy and ...

Philanthropic donations under scrutiny

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
Investors expect ASX-listed companies to watch their corporate donations more closely, as the donor list of the 2023 Voice referendum uncovers a thin line between political versus philanthropic activities. While some of the companies that donated prohibit ...

Flawed carbon credits add to business risk

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
Some carbon credits may increase emissions, potentially costing billions of dollars for businesses that must rely on offsets to comply with Safeguard Mechanism. Carbon credits are widely used policy tool to offset the carbon produced by heavy emitters ...

Canberra acts on billion-dollar net zero plan

ROSE MARY PETRASS  |  WEDNESDAY, 3 APR 2024  |  NEWS
Laws have been tabled to establish a new independent authority responsible for boosting climate investment, alongside $1 billion for solar that analysts claim will generate up to $400 billion of private capital. The Net Zero Economy Authority Bill 2024 ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
... that were false or misleading." Today, Justice O'Bryan found Vanguard broke the law numerous times, breaching the ASIC Act when it made representations about the screens it was applying to the fund. This was to have occurred between August 2018 and ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
The BlackRock CEO's annual letter waxed poetic on the old age question, fear, and the savings strategy of stuffing money under mattresses. He also said the energy transition is not a straight line and requires "pragmatism". This means Larry Fink believes ...

Mercer nabs Aware sustainability expert

ELIZABETH FRY  |  MONDAY, 25 MAR 2024  |  NEWS
Mercer Investments has appointed Guy Shearman as a senior sustainable investment analyst. Shearman joins from the $160 billion superannuation giant Aware Super, where he spent three years as a responsible investment analyst. Before that, he was an ESG ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024  |  NEWS
... as we have demonstrated." However, despite issuing the warning over enforcement, Kirkland said the regulator simply cannot act on every event of misconduct in the industry. "ASIC applies a strategic, risk-based approach to enforcement. We cannot take ...