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Student accommodation provider inks billion-dollar SLL

RACHEL ALEMBAKIS  |  TUESDAY, 17 OCT 2023  |  NEWS
An owner/operator of purpose-built student accommodation (PBSA) has converted a $1.4 billion loan into a sustainability-linked loan linked to a number of ESG targets. The deal will see Scape save up to 5 basis points against the finance, provided the ...

Rainmaker names ESG leader super funds

RACHEL ALEMBAKIS  |  THURSDAY, 28 SEP 2023  |  NEWS
... that the fund achieves its investment objectives, achieves competitive investment returns all while satisfying the Sole Purpose Test as required by the Superannuation Industry (Supervision) Act. "ESG and sustainability principles are a rapidly evolving ...

Australia considers carbon tariff to level playing field

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
... adjustment mechanism (CBAM), it would not only be following in the footsteps of the European Union, it would also serve the purpose of creating a shadow price on carbon. Last month, Minister for climate change and energy Chris Bowen announced a review ...

Government commits public service to net zero by 2030

RACHEL ALEMBAKIS  |  THURSDAY, 31 AUG 2023  |  NEWS
... currently multiple approaches to reporting emissions," the department said. "While each has merits, none are entirely fit-for-purpose when applied in context of APS Net Zero. "The APS Net Zero Unit, supported by the Department of Climate Change, Energy ...

Bank says fossil fuel exclusions "will bite" in the future

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
... think it's hard for any finance or bank to lead on sustainability," he said. "The business structure is a profit for purpose model, but the delivery of sustainability outcomes... still requires the same effort as any other organisation." The certification ...

Industy veterans named to sustainable finance taxonomy working group

RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... Taxonomy Technical Expert Group (TTEG). "It is imperative that we develop a sustainable finance taxonomy that is fit for purpose in Australia at the pace and scale commensurate with the challenge ahead of us," Debelle said. "The establishment of the ...

Sustainable finance heavyweight to chair National Reconstruction Fund board

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... and co-investors expect of this critical national project. "This is a board of diverse perspectives, united in the NRF's purpose to invest in world-class Australian know-how to rebuild our industrial capabilities." Wilder is the founder and CEO of Pollination ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

ISSB proposes IFRS digital taxonomy for sustainability disclosure

ROSE MARY PETRASS  |  FRIDAY, 28 JUL 2023  |  NEWS
... to improve global accessibility and comparability of sustainability information for investors, so that users of general-purpose financial reports can consume digitally. This will also enable digital tagging of information required by the IFRS Standards ...

Transition Pathway Initiative appoints new chairs as founder steps down

ROSE MARY PETRASS  |  WEDNESDAY, 19 JUL 2023  |  NEWS
... among the global community. The TPI is now at a critical juncture as it scales up. Today's announcements serve that purpose. The LSE-TPI Centre, as its academic partner, is committed to ensuring that its research and outputs continue to be relevant ...