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COP15 success requires investor buy-in: Mirova

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
For the biodiversity Conference of the Parties (COP15) to be a success, investors must come on board, according to the CEO of Mirova. Natural capital preservation is an investment theme that institutional investors should put time and resources into ...

ASIC warns directors over sustainability disclosures

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
The Australian Securities and Exchange Commission (ASIC) has warned directors that they will continue to focus on the sustainability-related disclosure and governance practices of listed companies, managed funds, superannuation funds and green bonds. ...

ASX200 see material biodiversity risks: Martin Currie

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
Large Australian listed companies say they have a role to play in protecting and enhancing biodiversity, but few have policies in place to address the issue, according to Martin Currie Australia. Martin Currie has surveyed ASX200 companies on the topic ...

Biodiversity market could hit $137bn by 2050: PwC

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 DEC 2022  |  NEWS
A biodiversity market in Australia could be worth as much as $137 billion in financial flows by 2050, according to research from PwC. PwC has issued A nature-positive Australia: the value of an Australian biodiversity market, which calculates a number ...

ASIC fines Vanguard for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022  |  NEWS
Vanguard Investments has become the first investment manager to be fined by ASIC over greenwashing. Vanguard paid $39,960 to comply with three infringement notices related to product disclosure statements (PDS)for the Vanguard International Shares Select ...

APRA publishes results of banking climate vulnerability assessment

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) has published the findings of its first Climate Vulnerability Assessment (CVA) of Australia's five largest banks and signaled that the insurance industry is likely to be the next regulated sector ...

TCorp reports $2 billion in new green, sustainability bonds

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
TCorp, the investment and financial management partner of the New South Wales (NSW) public sector, issued a total of $2 billion in sustainability and green bonds in the 2022 financial year as part of its overall $25.8 billion total debt issuance. In ...

Majority of investors collaborate on engagement, but disclosure lags: RIAA

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
Most sustainable investors in Australia and Aotaeroa New Zealand collaborate with other investors to achieve better ESG outcomes, according to research from the Responsible Investment Association Australasia (RIAA). Engage, Advocate, Collaborate: Unpacking ...

New Forests launches ANZ forestry and agriculture fund

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
New Forests has launched a fourth Australia and New Zealand forestry and agriculture-based fund with the aim of raising $600 million in the next two to three years. The $10 billion global nature-based real assets and natural capital strategies investment ...

Janus Henderson hires chief responsibility officer

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
Janus Henderson has hired Michelle Dunstan as chief responsibility officer. Dunstan will join the global fund manager in early January and will be responsible for overseeing Janus Henderson's corporate responsibility and responsible investing efforts. ...