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Canberra scopes First Nations economic policy

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
The Coalition of Peaks is currently consulting on the design of a First Nations Economic Partnership with Treasury. The aim is to improve access to capital markets and employment opportunities and address legislative or policy barriers that hinder that ...

Global investors unite for Climate Action 100+

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
A group of global asset owners has issued a statement in support of Climate Action 100+ (CA100+) after an exodus of large investor members early this year. The initiative received the endorsement from 44 asset owners across the globe, including the ...

Brookfield bids for majority stake in Neoen

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024  |  NEWS
Brookfield and its institutional partners have lobbed a bid to acquire a 53% majority stake in French renewable energy company Neoen from current owners, including Impala, the investment vehicle of French entrepreneur Jacques Veyrat and his family ...

Data demand drives tech growth

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
An Aussie start-up has become the world's largest private markets emissions data network with USD$3.5 trillion AUM. Founded in 2020 Pathzero now has initial emissions data for more than USD$3.5 trillion of the USD$13.1 trillion in global private ...

Holdings fly in face of super duty

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
Aussie super funds' recent ramp up of fossil fuel holdings breaches their fiduciary duty and puts Australian retirements at risk, researchers say. Despite net zero by 2050 commitments, Australia's largest 30 super funds nearly doubled fossil fuel exposure ...

One in three analyse physical climate risk: IGCC

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
Aussie investors ramp up climate action but need to focus on physical climate risks and near-term emissions reduction targets. The Investor Group on Climate Change (IGCC) has put out it's State of Net Zero Investment Report for 2024, with data as of ...

Standards boards unite for global rollout

ROSE MARY PETRASS  |  WEDNESDAY, 29 MAY 2024  |  NEWS
The International Financial Reporting Standards (IFRS) Foundation is working with the Global Reporting Initiative (GRI) to make their standards more compatible. The partnership between the IFRS - which oversees the International Sustainability Standards ...

Govt moves timetable on power station closure

ROSE MARY PETRASS  |  MONDAY, 27 MAY 2024  |  NEWS
Last week the NSW government delayed closure of the Eraring Power Station, back-pedaling on a previous decision to close it next year. The station had been scheduled for closure in August 2025, but will remain open for two more years, with the possibility ...

Accountants say digital is key

ROSE MARY PETRASS  |  MONDAY, 27 MAY 2024  |  NEWS
Digitally integrating climate and financial reporting may help circumvent the challenges entities face meeting Australia's looming reporting rules, argue Deloitte and PwC. Mandatory climate reporting in Australia is set to come into force from this ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  MONDAY, 27 MAY 2024  |  NEWS
Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital. ...