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Will Australia adopt the Task Force on Climate-related Financial Disclosures recommendations?

RACHEL ALEMBAKIS  |  FRIDAY, 16 JUN 2017  |  NEWS
The G20 Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD) is preparing its final recommendations, which will be presented to the G20 Leaders' Summit in July. As the TCFD considers the final draft of the TCFD guidelines ...

Carnegie Clean Energy to participate in global partnership to push Sustainable Development Goals

RACHEL ALEMBAKIS  |  FRIDAY, 16 JUN 2017  |  NEWS
... that these goals present. "The International Renewable Energy Agency (IRENA) estimates that renewables could reach 45% of total global power generation by 2030. This equates to US$605 billion per year more in revenue for renewables generators compared ...

Sustainable Melbourne Fund, Victorian government to spread word on EUAs to SMEs

RACHEL ALEMBAKIS  |  FRIDAY, 2 JUN 2017  |  NEWS
... whilst the building owner pays the charges associated with the upgrade. Currently, 14 councils in Victoria offer EUAs, with a total of 20 projects with project value of $14.5 million financing 1.5Mw of solar power expected by June, said Scott Bocskay ...

Removing complicity in modern slavery?

RACHEL ALEMBAKIS  |  FRIDAY, 19 MAY 2017  |  NEWS
... exploitation and debt bondage. Within Australia the number of modern slaves is conservatively estimated at about 14,300 of a global total, according to the 2016 Global Slavery Index, of an estimated 45.8 million people. Although these numbers are relatively ...

APRA hires lead for new team that will consider cyber-security risks

RACHEL ALEMBAKIS  |  FRIDAY, 12 MAY 2017  |  NEWS
The Australian Prudential Regulation Authority (APRA) has recently created a combined team that will take the lead in governance, operational and insurance and will issues "such as IT and cyber security." Karin Halliday, AMP Capital corporate governance ...

CEFC makes tenth large scale solar project allocation

RACHEL ALEMBAKIS  |  FRIDAY, 12 MAY 2017  |  NEWS
... in its first year after becoming operational, he added. This is the CEFC's 10th Large-Scale Solar Programs project, and total program investment commitments are more than $370 million accelerating projects wth a total estimated value of $900 million ...

Majority of largest asset owners recognise risk of climate change: AODP

RACHEL ALEMBAKIS  |  FRIDAY, 28 APR 2017  |  NEWS
... carbon investment by asset owners has risen 68% in the last year to US$203 billion, but that still represents only 0.5% of total assets under management, AODP found. Europe is the global leader on managing climate risk, with 190 asset owners worth US$15.3 ...

IRRCi report analyses ESG integration behaviour of institutional investors

RACHEL ALEMBAKIS  |  FRIDAY, 28 APR 2017  |  NEWS
... Typology of Approaches. The report is based on an analysis of the investment practices of 70 institutional investors with total assets under management of US$19.9 trillion. "[The typology] will start to give the community a set of semantic tools and ...

Sustainable Development Goals present "enormous opportunity" for business

RACHEL ALEMBAKIS  |  THURSDAY, 13 APR 2017  |  NEWS
... involved in Major Disease Treatment through its haemophilia and influenza vaccine products, which account for 58% of its total revenue. Mirvac is involved through the development and management of green buildings, which account for 52% of its revenue. ...

PIMCO launches ESG Global Bond Fund in Australia

RACHEL ALEMBAKIS  |  THURSDAY, 13 APR 2017  |  NEWS
... enormous positive impact." PIMCO began managing socially responsible investment portfolios in 1991, launching a version of the Total Return strategy in the U.S. that excluded investments in select industries, Struc said. "Equity investors have engaged ...