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Can proposed EU recovery plan prove a sustainable model for Australia?

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAY 2020  |  NEWS
... EU, with funding of â,¬750 billion as well as targeted reinforcements to the long-term EU budget for 2021-2027, with a total commitment of â,¬1.85 trillion. The plan focuses both on immediate short term recovery in health and employment, as well ...

Climate action by regulators deferred, not denied: MinterEllison

RACHEL ALEMBAKIS  |  FRIDAY, 22 MAY 2020  |  NEWS
... to treat risk for what it is, which is forward looking assumptions in the face of uncertainty," Barker said. "If the sum total about your assumptions about the future is that it will be a substantive replica of the past, and not actively turning your ...

Poor disclosure around labour hire workforce in listed companies: ACCR

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAY 2020  |  NEWS
... rights ACCR's report, Labour Hire and Contracting Across the ASX100, examined 19 companies and found that 37% report the total number and/or percentage of contractors and/or labour hire workers in their Australian operations. Meanwhile, while 86% of ...

IFM Investors report carbon emission reduction in Australian infrastructure

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAY 2020  |  NEWS
... Cross Station in Melbourne and Northern Territory Airports (Darwin Airport and other NT airports). IFM Investors reported total scope 1 emissions of 59,254 tonnes of CO2 and 948,672 tonnes of scope 2 emissions, and a total of 273,514 tonnes CO2 of portfolio ...

Hong Kong regulators establish sustainable finance steering group

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  NEWS
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have established the Green and Sustainable Finance Cross-Agency Steering Group. The steering group aims to "coordinate the management of climate and environmental ...

Treasurers cite positive impact in green bonds: Climate Bonds Initiative

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2020  |  NEWS
... from 34 countries. Respondent organisations represented around 44% of the identified green bond universe accounting for a total of US$7.4 trillion in bonds outstanding, including US$222 billion of green bonds and collectively 686 green bonds at the time ...

ASEAN green bond issuance reaches US$7.8bn: Climate Bond Initiative

RACHEL ALEMBAKIS  |  FRIDAY, 17 APR 2020  |  NEWS
... Philippines, Singapore, Thailand and Vietnam. Singapore is the regional leader in ASEAN green debt issuance in 2019, with 55% of total issuance, up from 29% in 2018. Two thirds of proceeds are allocated to the Buildings and Energy sectors. Globally ...

Emerging markets present opportunities for impact investing: 57 Stars

RACHEL ALEMBAKIS  |  FRIDAY, 20 MAR 2020  |  NEWS
... how their investments are aligned with the SDGs, and this framework facilitates that.... [We also use] what we call the total impact value multiple, which seeks to estimate the total value dollar of the company's social/environmental impacts. We're trying ...

Commonwealth Bank provides sustainability-linked finance to Wesfarmers

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAR 2020  |  NEWS
... through achieving proportional representation for Aboriginal and Torres Strait Islander Peoples. This would equate to a total of approximately 3000 people across Wesfarmers' existing workforce by the end of 2022. The environmental metrics aim to reduce ...

Cromwell Property Group reports on sustainability progress for 2019

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAR 2020  |  NEWS
... has a market capitalisation of $3 billion, a direct property investment portfolio in Australia valued at $2.5 billion and total assets under management of $11.9 billion across Australia, New Zealand and Europe. Cromwell had more than 3,800 tenant customers ...