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Showing 31 - 40 of 419 results for "banks"

Net Zero Banking Alliance on pause

JAMIE WILLIAMSON  |  FRIDAY, 29 AUG 2025  |  NEWS
... with the group pausing all activities until then. The NZBA was launched in 2021 and, at its height, had close to 150 global banks as signatories. However, late last year following the election of President Donald Trump in the US and an increase in anti-ESG ...

CBA slashes oil and gas financing

KARREN VERGARA  |  FRIDAY, 15 AUG 2025  |  NEWS
... financing for oil and gas from $3.3 billion in 2022 to $800 million in the last financial year and is pressuring the other major banks to follow suit. Morgan Pickett, a policy analyst at Market Forces said: "Australia's biggest bank has officially ended ...

UBS ditches Net-Zero Banking Alliance

KARREN VERGARA  |  MONDAY, 11 AUG 2025  |  NEWS
... assessment of sustainability- and climate-related memberships. UBS said it recognises the alliance's valuable role in helping banks establish initial target-setting frameworks. "With that work advanced and with our in-house capabilities strengthened ...

Victoria looks to enshrine work from home rights

JAMIE WILLIAMSON  |  MONDAY, 4 AUG 2025  |  NEWS
... employees to work from home but refuse to include a right to in their agreements. "This should be a wake-up call to Australian banks including the National Australia Bank whose chief executive Andrew Irvine has moved to increase office attendance without ...

Octopus awarded $1bn mandate

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025  |  NEWS
... platform, including Rest, Hostplus, other international pension funds, the Clean Energy Finance Corporation, as well as private banks and wealth managers. Completion of the proposed investment remains subject to the approval of the Foreign Investment ...

Australian Ethical puts Macquarie on notice

ELIZA BAVIN  |  THURSDAY, 24 JUL 2025  |  NEWS
... fossil fuel companies and projects with that goal. By contrast, the ethical investment manager said all four major Australian banks have made the ongoing finance of oil and gas sector companies conditional on those companies having climate transition ...

HSBC ditches global climate alliance initiative

MATTHEW WAI  |  FRIDAY, 18 JUL 2025  |  NEWS
... withdrawn its position from the NZBA despite saying the initiative "played a role in developing guiding frameworks to help banks establish their initial target-setting approach." HSBC made the decision to leave to focus on updating its Net Zero Transition ...

ISS STOXX launches Sovereign Climate Impact Report

MATTHEW WAI  |  MONDAY, 14 JUL 2025  |  NEWS
... it aims to be a flexible, decision-useful solution that addresses a wide range of use cases for institutional investors, banks and insurers of climate risk mitigation and impact investing in the sovereign space. It aligns sovereign and sub-sovereign ...

Australian banks fail to manage financed deforestation: Report

MATTHEW WAI  |  MONDAY, 23 JUN 2025  |  NEWS
Latest findings identified mortgages provided by major banks are contributing to deforestation, with just one bank having made a 'No deforestation' commitment. The Australian Conservation Foundation (ACF) conducted analysis of 100 land titles and found ...

Aware Real Estate names new chief

ELIZABETH FRY  |  THURSDAY, 12 JUN 2025  |  NEWS
Aware Real Estate (ARE) has appointed Tracey Whitby as chief executive of the $2.5 billion property fund, effective June 1. Whitby had been serving as interim chief executive for the past six months. The property arm's chair Rod Fehring praised ...