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Australia to join climate resilience investment initiative

RACHEL ALEMBAKIS  |  MONDAY, 25 JAN 2021  |  NEWS
... year on direct recovery from disasters, compared to $100 million building resilience against such events and added that total economic cost of natural disasters is expected to rise to almost $40 billion by mid-century. "Developing a national strategy ...

Global impact bond issuance spike in 2020

RACHEL ALEMBAKIS  |  THURSDAY, 21 JAN 2021  |  NEWS
... market close to US$2 trillion by the end of the year. Government-related issuance accounted for more than half of 2020's total issuance, at US$260 billion, driven by pandemic-related bonds. The financial sector issued US$121 billion added, leading corporate ...

Seeking financial, positive impact in SME investments: Beckon Capital

RACHEL ALEMBAKIS  |  THURSDAY, 21 JAN 2021  |  NEWS
... Enterprise Fund No.2, a $150 million fund to invest in up to 50 businesses. The firm has identified around a third of that total and is working with businesses on the due diligence side, Moffitt said. The cornerstone of Beckon Capital's business is a ...

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. ...