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Big Red Group appoints first chief sustainability officer

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
Big Red Group, the experience marketplace, has appointed its first chief sustainability officer. Big Red Group has named Jemma Fastnedge to the newly created CSO role. She will head the company's ESG agenda across the organisation, which includes brands ...

ACCU demand to rise with Climate Active certification: CBA

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
Australian businesses pursuing voluntary government certification for climate targets are expected to further drive the use of Australian Carbon Credit Units (ACCUs), according to Commonwealth Bank. As Australian businesses adopt net zero carbon targets ...

Government launches review of Safeguard Mechanism

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
The federal government has launched a review of the Safeguard Mechanism as part of its overall policy to reduce Australia's carbon emissions by 43% by 2030. The government is seeking consultation on the proposed review and reform of the Safeguard Mechanism ...

Podcast: Uncovering corporate modern slavery risk with Clare Bartram

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
In this episode of The Greener Way, we speak with Clare Bartram an ESG specialist on modern slavery at ISS ESG. Clare discusses where companies have risk to modern slavery, why it matters for investors and the outlook for enhanced regulation and investor ...

ASX300 upping the ante on ESG reporting: Melior

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
ASX300 companies are taking action on carbon intensity and net zero targets while showing only incremental improvements on social indicators like gender diversity on boards and executive leadership teams, according to Melior Investment Management. In ...

Companies lag on digital transformation: Governance Institute

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
More than a fifth of organisations across a range of industries are not undertaking a digital transformation, despite the rapid acceleration in the use of technology spurred by the COVID-19 pandemic, the Governance Institute has found. The Governance ...

FM Global to provide climate resilience discount

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
Insurer FM Global will offer policyholders world-wide approximately US$300 million in a discount meant to provide additional cash to invest in climate-related resilience solutions. The "resilience credit" will be offered as a 5% premium offset against ...

BlackRock in $1bn capital commitment to battery storage

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
BlackRock Real Assets will acquire one of Australia's leading battery energy storage systems and renewable energy developers as part of a more than $1 billion capital commitment. One of BlackRock Real Asset's funds will acquire Akaysha Energy ...

La Trobe Financial certified by Climate Action

RACHEL ALEMBAKIS  |  TUESDAY, 16 AUG 2022  |  NEWS
La Trobe Financial has received Climate Active certification for its Australian business operations. Climate Active is an Australian government-backed program that provides certification for businesses that have achieved net zero emissions, or carbon ...

Uncovering value in ESG improvers: Pengana

RACHEL ALEMBAKIS  |  THURSDAY, 11 AUG 2022  |  NEWS
Investing in companies that are early in improving their ESG performance can be "more powerful" for investment returns than investing in companies which are already considered ESG leaders, according to Pengana Capital. "Securities that transitioned ...