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Showing 451 - 460 of 1758 results for "act."

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
The government has announced plans to create a labelling regime for sustainable investment products, including managed funds and super fund options as well as plans to have an unnamed government body maintain a forthcoming sustainable finance taxonomy ...

A portfolio approach for renewable investment: Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
Editorial note: This is the third in a six-part series of articles brought to you by Energetics Decarbonising Australia's national energy market is a central tenant to achieving the goal of reducing carbon emissions in line limiting global warming ...

VIC SEC is back with $1 billion renewable target

ROSE MARY PETRASS  |  THURSDAY, 2 NOV 2023  |  NEWS
Victoria's State Electricity Commission (SEC) has been reintroduced in a move that is hoped to crowd in investment into renewables in the state. Victorian premier Jacinta Allan launched a new Strategic Plan 2023-2035 for the SEC, setting out priorities ...

Nearly a quarter of Australian bank debt has nature-related risk

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Approximately $260 billion of all outstanding Australian bank loans, or 22% of bank lending, are highly exposed to nature-related risk. Ernst & Young Australia and the Australian Conservation Foundation released a report finding that banks that are ...

Treasury issues statement on systemic climate risk to government bonds

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Treasury has acknowledged that climate is a systemic risk for the Australian economy and creates uncertainty about the fiscal impacts of climate change on government bonds. The federal court has approved a settlement between the Commonwealth and Kathleen ...

ESG factors increasingly drive financial decisions

ROSE MARY PETRASS  |  MONDAY, 30 OCT 2023  |  NEWS
More than three-quarters of active managers have hired new ESG personnel in the last year, according to global research. Employment trends are reflecting a growing interest in sustainable investing as the global economy ramps up net zero emissions and ...

Investors press Boral for clarity on net zero ambitions

RACHEL ALEMBAKIS  |  THURSDAY, 26 OCT 2023  |  NEWS
Construction materials company Boral is in investors' spotlight after walking back its 2025 interim net zero commitment on the way to decarbonizing by 2050. Investors participating in the Climate Action 100+ engagement with Boral, a list participant ...

Role for finance after No vote

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
Despite being voted down by the Australian public, the First Nations Voice to Parliament saw support from the private sector which viewed the federal advisory body as the next step for reconciliation. As the dust settles, experts say finance has an ...

Investors call for multilateral financial architecture overhaul

ROSE MARY PETRASS  |  TUESDAY, 24 OCT 2023  |  NEWS
Ahead of the upcoming COP28 in the United Arab Emirates, a member-led initiative of 86 institutional investors with US$9.6 trillion in assets under management reported a fall in total absolute financed greenhouse gas emissions. In its third annual progress ...

AASB publishes climate-related disclosure standards draft

RACHEL ALEMBAKIS  |  MONDAY, 23 OCT 2023  |  NEWS
Australian Sustainability Reporting Standards (ASRS) will first focus on climate-related financial reporting, under an exposure draft released by the Australian Accounting Standards Board (AASB). AASB has opened up a 120-day comment period on ASRS 1 ...