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Fund manager issues first Reconciliation Action Plan

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUL 2021  |  NEWS
Impact investor Melior Asset Management has developed its first Reconciliation Action Plan (RAP). The RAP will see Melior commit to 14 activities on a range of issues internal to the business and external in terms of their engagement with companies. ...

CEFC, CBA finance plastic recycling facility

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 JUL 2021  |  NEWS
The Clean Energy Finance Corporation (CEFC) and Commonwealth Bank will finance a plastics recycling facility, its first commitment under the Australian Recycling Investment Fund. The CEFC will commit up to $16.5 million in debt finance to a new polyethylene ...

ASX company issues billion dollar sustainability linked bond

RACHEL ALEMBAKIS  |  THURSDAY, 17 JUN 2021  |  NEWS
A leading ASX100 company is issuing Australia's first sustainability-linked bond (SLB). Wesfarmers' $1 billion issuance will see the interest rate of the bonds linked to progress against specific renewable energy and emissions performance targets. ...

Charter Hall hires group head of ESG

RACHEL ALEMBAKIS  |  THURSDAY, 17 JUN 2021  |  NEWS
Charter Hall has hired Andrew Cole as group head of ESG. Cole joins from Lendlease Funds Management Australia, where he was the general manager, sustainability for five years. While at Lendlease, Cole was responsible for developing and integrating the ...

Role of oil and gas in net zero emission future

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 JUN 2021  |  NEWS
The role of gas as a fuel source during the transition to a net zero world economy by 2050 was an issue of sharp debate at a panel during the conference for Australia's leading oil and gas industry group in Perth. Representatives from the Investor Group ...

Oil and gas industry debate green hydrogen future

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 JUN 2021  |  NEWS
Establishing a successful Australian hydrogen industry hinges on managing three challenges - cost, scale, and social acceptance, according to a panel of experts speaking at the Australian Petroleum Production and Exploration Association (APPEA). Future ...

ASFI reports on momentum towards sustainable finance sector

RACHEL ALEMBAKIS  |  TUESDAY, 8 JUN 2021  |  NEWS
Companies in the financial sector are building momentum towards implementing the Australian Sustainable Finance Initiative (ASFI), including aspects of integrating sustainability into day to day practice. ASFI has released its first momentum report ...

Integrating the circular economy into investment strategies: American Century

RACHEL ALEMBAKIS  |  THURSDAY, 3 JUN 2021  |  NEWS
Focusing on building a circular economy that integrates natural capital in terms of both costs and future benefits is a long-term investing strategy, according to American Century Investments. Linking increased focus on the circular economy to World ...

Supermarket group signs 10-year renewable deal

RACHEL ALEMBAKIS  |  THURSDAY, 3 JUN 2021  |  NEWS
Woolworths Group has inked its first renewable power purchase agreement (PPA), which will cover around 30% of the company's NSW energy needs. Woolworths has signed a 10-year agreement to purchase power from CWP Renewables' new Bango wind farm outside ...

SGX CEO calls for increased international collaboration on sustainability

RACHEL ALEMBAKIS  |  TUESDAY, 1 JUN 2021  |  NEWS
The CEO of the Singapore Exchange (SGX) called for increased international collaboration to advance the sustainability agenda. Speaking at the Asia Securities Industry and Financial Markets Association (ASIFMA) ESG and Sustainable Finance Week conference ...