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Assessing buy now pay later sector through an ESG lens

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUL 2021  |  NEWS
The fast-growing buy now pay later (BNPL) sector has attracted investor and consumer interest and has led many entrants to jump into the Australian market. Yet investors and financial counsellors are raising concerns about the structure of BNPL products ...

A little more conversation and a lot more action

PIERRE LENDERS  |  THURSDAY, 1 JUL 2021  |  NEWS
... "to a large extent" incorporated ESG issues into their investment and operational processes by the end of 2021. In Europe, total funds under management within an ESG fund, strategy or product has now reached a record €1.1 trillion while in the U.S ...

Hostplus ESG head jumps to HESTA

RACHEL ALEMBAKIS  |  MONDAY, 28 JUN 2021  |  NEWS
... with Indigenous heritage protection following the Juukan Gorge caves destruction. HESTA has also committed to commit to a total portfolio net-zero emissions target by 2050 as part of a Climate Change Transition Plan and was the founding investor of 40:40 ...

IFM Investors hires responsible investment associate director

RACHEL ALEMBAKIS  |  THURSDAY, 24 JUN 2021  |  NEWS
... Cross Station in Melbourne and Northern Territory Airports (Darwin Airport and other NT airports). IFM Investors reported total scope 1 emissions of 59,254 tonnes of CO2 and 948,672 tonnes of scope 2 emissions, and a total of 273,514 tonnes CO2 of portfolio ...

J.P. Morgan AM acquires forestry firm

RACHEL ALEMBAKIS  |  THURSDAY, 24 JUN 2021  |  NEWS
... to accelerate given the global low rate environment," said J.P. Morgan Asset Management APAC CEO Dan Watkins. "Long-term total returns from timberland tend to be low in volatility, limited in correlation to other asset classes and positively correlated ...

New fossil fuel exploration acreage released

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021  |  NEWS
... the release of the new acreage was a critical part of the government's "gas-fired recovery" strategy post-pandemic. A total of 21 new areas have been released for exploration in the Bonaparte and Browse Basin, Northern Carnarvon Basin, Otway and ...

APPEA conference kicks up controversy

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021  |  NEWS
... its annual conference. In 2018-19, APPEA earned $4.8 million from conferences and seminars which contributed 41% of its total revenue. ACCR published this information based on the APPEA annual report, which ACCR acquired but which is not published publicly. ...

KiwiSaver exclusions not necessarily a performance drag: ISS

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
... NZ50 and found "a combination of relatively poor performance from the industries being excluded and the relatively small total number of excluded companies combine to mean that the application of the KiwiSaver exclusion policies need not hurt beneficiary ...

Assessing carbon beta risk in portfolios: Platypus Asset Management

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
... Hurst said. "What we do is, we take the returns of each stock, then isolate the part of the returns that are driven by the total carbon emissions. Effectively we control for other quant factors that are known to drive stock returns." This risk approach ...

DON Smallgoods site to house bioenergy plant development

RACHEL ALEMBAKIS  |  MONDAY, 7 JUN 2021  |  NEWS
... Government, as well as Mt Alexander Shire Council, Coliban Water, DON Smallgoods and the McKinnon Family Foundation. In total, required funding for the planned facility is in the region of $20-25 million." DON Smallgoods linked the bioenergy development ...