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MUFG Bank structures $333 million green financing deal

RACHEL ALEMBAKIS  |  TUESDAY, 29 DEC 2020  |  NEWS
... Initiative under the Climate Bonds Standard, which marks it as the first CBI certified loan from India. MUFG has committed to a total of JPY20 trillion (USD$88 billion) into sustainability related financing by 2030, and committed 19% of this amount (JPY3 ...

Auction system proposed to halve electricity emissions

RACHEL ALEMBAKIS  |  TUESDAY, 22 DEC 2020  |  NEWS
... implementing a sectoral cap and CPM program, Australia could see emissions reduction of 390 Mt CO2-e-around 85% of Australia's total emissions in the year 2030. Based on the current spot price in the European carbon market, these emissions reductions ...

Green loans to finance light rail, battery storage

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
Two new green loans totalling $400 million have been put in place to support light rail and a battery energy storage system. Canberra's light rail network has refinanced a $280 million debt facility, with Canberra Metro assisted by financial advisors ...

Cromwell Property Group sets net zero carbon target

RACHEL ALEMBAKIS  |  THURSDAY, 10 DEC 2020  |  NEWS
... a market capitalisation of $2.4 billion, a direct property investment portfolio in Australia valued at $3.0 billion and total assets under management of $11.5 billion across Australia, New Zealand and Europe. Cromwell reported statutory profit of $181.1 ...

Downer inks $1.4 billion sustainability-linked debt facility

RACHEL ALEMBAKIS  |  FRIDAY, 4 DEC 2020  |  NEWS
... strategies," said Michael Ferguson, chief financial officer, Downer. "The refinancing of Spotless debt is expected to reduce total borrowing costs given Downer's financial strength and investment grade credit rating," Ferguson said. "The sustainability ...

Sharp increase in food waste: Rabobank Australia

RACHEL ALEMBAKIS  |  THURSDAY, 3 DEC 2020  |  NEWS
The impact of COVID-19 has also hit Australia's progress in reducing food waste, leading to a jump in the amount of food Australian households are throwing out, according to Rabobank Australia. Rabobank Australia released its 2020 Food Waste Report ...

Assessing climate research as part of fund manager performance

RACHEL ALEMBAKIS  |  THURSDAY, 3 DEC 2020  |  NEWS
... both in terms of mitigation and adaptation, is part of client work at Willis Towers Watson, Lew said. "We look at it from a total portfolio perspective," she said. "Climate change presents a material financial risk as well as opportunity for investors. ...

Global fund manager joins Climate Action 100+

RACHEL ALEMBAKIS  |  TUESDAY, 1 DEC 2020  |  NEWS
... climate change risk using the guidelines promulgated by the Task Force on Climate-related Financial Disclosures (TCFD)." A total of 167 companies are engaged through Climate Action 100+. The focus list includes 'systemically important emitters', accounting ...

Social, economic consequences of climate change "devastating": Robeco

RACHEL ALEMBAKIS  |  THURSDAY, 26 NOV 2020  |  NEWS
... necessarily measuring the carbon exposure. For example, a software company is not emitting carbon as such, but that's not a total measure of the carbon exposure of the company." While research on climate finance is rapidly gaining momentum, issues ...

Evolution Mining links value generation to sustainability goals

RACHEL ALEMBAKIS  |  THURSDAY, 26 NOV 2020  |  NEWS
... utilised for operations was recirculated for reuse onsite and there was an 11% increase in water reuse between FY19 and FY20. Total water withdrawn increased by 21% in FY20, due to "mine dewatering at all operations with increases at Mt Carlton and Mungari." ...