Search Results

Showing 31 - 40 of 210 results for "divest"

Danish pension fund completes US$520m divestment

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone ...

Grim stats for company, investor net zero targets

RACHEL ALEMBAKIS  |  THURSDAY, 28 SEP 2023  |  NEWS
Both Australian companies and Australian super funds are unlikely to meet their decarbonization targets based on current trajectory, raising new risks for financial and corporate investment stability. According to Acadian Asset Management, the ASX300 ...

Australia's wealth gap deepens: Report

CHLOE WALKER  |  THURSDAY, 28 SEP 2023  |  NEWS
The gap between those with the most and those with the least has blown out over the past two decades, with the average wealth of the highest 20% growing at four times the rate of the lowest, new research suggests. A new report by the Australian Council ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
Divesting from emissions-intensive assets may maintain or even increase the systemic risks that climate change poses to overall financial returns of the institutional investors that part-own them. While companies and investors are turning to divestment ...

Bank says fossil fuel exclusions "will bite" in the future

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
A growing group of financial institutions from around the world are divesting from fossil fuel companies and projects and becoming certified as fossil-fuel free. This presents a growing challenge as the window of what is considered exposure narrows. ...

NGS tracking ahead on 2030 net zero pledge

RACHEL ALEMBAKIS  |  THURSDAY, 27 JUL 2023  |  NEWS
... companies tend to be high on Scope 3 but quite clever on managing Scope 1 and 2," Squires said. "We made active decisions to divest companies where we believe they will be stranded, either because their glide path is not realistic or disingenuous in ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
The Australian Prudential Regulation Authority (APRA) has clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. ...

Are investors walking the walk when it comes to voting on biodiversity?

ROSE MARY PETRASS  |  THURSDAY, 1 JUN 2023  |  NEWS
Asset managers have argued in favour of engagement rather than divestment - but a new report from non-profit financial think tank Planet Tracker has found that even sustainability funds at the largest asset managers are consistently voting against biodiversity ...

RIAA launches armed conflict toolkit for investors

RACHEL ALEMBAKIS  |  WEDNESDAY, 17 MAY 2023  |  NEWS
Companies and investors need to be aware of the risks, responsibilities and legal obligations that occur in relation to armed conflicts, with the Responsible Investment Association Australasia (RIAA) launching a toolkit to help investors engage on the ...

Are companies drowning in a sea of ESG requests?

ROSE MARY PETRASS  |  WEDNESDAY, 17 MAY 2023  |  NEWS
... shareholder proposals, should be used when concerns are not addressed. This should be prioritised ahead of deciding to divest, which is a large decision, and is not an effective pathway to improving ESG in a company, the panellists argued. When there's ...