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Investors "flying blind" to climate litigation risk

ROSE MARY PETRASS  |  MONDAY, 15 JAN 2024  |  NEWS
Investors and regulators could be liable for trillions of dollars in potential damages from climate lawsuits - but are failing to take this threat into account when evaluating risks to their investments. Investors are focusing on physical and transition ...

Growing scope for investing in natural capital: bfinance

RACHEL ALEMBAKIS  |  THURSDAY, 11 JAN 2024  |  NEWS
Global investment consultancy bfinance has identified more than 50 asset managers globally who are investing in natural capital. bfinance reported that at a global level, there were more client searches for natural capital manager in 2023 than real ...

Agriculture funding takes the stage at COP28

RACHEL ALEMBAKIS  |  MONDAY, 11 DEC 2023  |  NEWS
The Agriculture Innovation Mission for Climate (AIM for Climate), backed by Australia and more than 600 government and non-government partners, has announced $17 billion in new funding for climate-smart agriculture and food systems innovations. The ...

Nature Market Repair Bill passes Senate

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
The Nature Market Repair Bill has passed the Senate, setting the stage for a voluntary national market to deliver improved biodiversity outcomes in Australia. The bill was passed after the Albanese government struck an agreement with Greens that saw ...

Super investment key to decarbonising Australia: ASFA

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
Investment by super funds will be a key source of capital to fund the structural shift necessary to transition Australia's economy to net zero, according to ASFA. The peak body for super funds has published a report examining super's role in the net ...

New advisory body for nature investment

ROSE MARY PETRASS  |  TUESDAY, 5 DEC 2023  |  NEWS
Canberra has established a new advisory body to align private finance and investment with nature positive outcomes. The Department of Climate Change, Energy, the Environment and Water this week announced the establishment of the Nature Finance Council ...

Responsible investment key to wealth transfer conversation

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
Advisers who incorporate responsible investment into conversations about intergenerational wealth transfer see higher client satisfaction than those who don't, according to new research from Australian Ethical. Australian Ethical released Opportunity ...

Corporate net zero plans at odds with anti-climate lobbying

ROSE MARY PETRASS  |  MONDAY, 20 NOV 2023  |  NEWS
Despite widespread corporate commitments to net zero, a significant proportion of global companies engage in lobbying that contradicts their stated environmental goals. While almost all US companies target net zero, most are weakly aligned to their ...

H2Kwinana Hydrogen Hub gets $70m government backing

RACHEL ALEMBAKIS  |  MONDAY, 20 NOV 2023  |  NEWS
A Western Australia based hydrogen hub has progressed one step further to becoming operational, with the Albanese government announcing $70 million in support as part of its Regional Hydrogen Hubs program. bp's H2Kwinana Hydrogen Hub has reached Front-End ...

Brookfield ups the ante on Origin by $1.2bn

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
The Brookfield-led consortium has increased its bid for Origin Energy by $1.2 billion, a move that has been knocked back by its largest investor AustralianSuper. Brookfield, in conjunction with consortium partners GIC, Temasek and MidOcean, an LNG company ...