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Showing 41 - 50 of 235 results for "divest"

UBS passive strategies flagged on human rights

ROSE MARY PETRASS  |  THURSDAY, 5 SEP 2024  |  NEWS
A human rights complaint against UBS follows legal precedent that financiers are responsible for acting on human rights in passive index funds. The Swiss human rights watchdog accepted a complaint against UBS for holdings in private prison contractors ...

Rockefeller org picks climate advisers

ROSE MARY PETRASS  |  TUESDAY, 11 JUN 2024  |  NEWS
... Songwe, economist, and Archana Soreng, activist. Despite being founded on oil money, in 2020 the foundation pledged it would divest from fossil fuels. John D Rockefeller, founder of Standard Oil, which once controlled over 90% of US oil production, set ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024  |  NEWS
Active Super has been found guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website ...

Active ownership is the new sheriff in town

MICHELLE BALTAZAR  |  WEDNESDAY, 1 MAY 2024  |  NEWS
... next six years, said Stewart. For example, in 2004, Aware Super was one of the first Australian institutional investors to divest from tobacco. In 2015, it was one of the first super funds to come up with a climate adaptation plan. In 2020, it developed ...

Geostrategic risks in a changing world

ROSE MARY PETRASS  |  WEDNESDAY, 1 MAY 2024  |  NEWS
Increasing geopolitical uncertainty means that investors must navigate new risks affecting supply chains, food security and human rights. Responsible investors must weigh ethical responsibility with protecting against financial risk. While most geopolitical ...

Podcast: Divestment, impact, and all that good stuff with Sharon Davis of Future Super

THE GREENER WAY  |  TUESDAY, 16 APR 2024  |  NEWS
Today, senior journalist and host Rose Mary Petrass sits down with Sharon Davis, Executive Director of Investments at Future Super, a superfund that invests for a fossil fuel free future. The superannuation firm has no coal, oil and gas holdings, and ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
The BlackRock CEO's annual letter waxed poetic on the old age question, fear, and the savings strategy of stuffing money under mattresses. He also said the energy transition is not a straight line and requires "pragmatism". This means Larry Fink believes ...

Big super's plan on fossil fuel return

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... members want super funds to "demand and deliver an end to Woodside and Santos' oil and gas expansion plans and publicly divest if they fail to comply," Morgan said. Fully, 29 of the 30 funds identify climate change as a significant risk and/or have ...

ESG indices linked to Myanmar junta

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
... violence and repression in Myanmar, without any attempt to prevent or mitigate this abuse." BMC called on investors to divest from companies that do business with the regime. A spokesperson for S&P Dow Jones Indices called the allegation "misleading ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
A now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...