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Super battle on impact investing and returns

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
A new campaign urges Australian super funds to finance ESG matters, as asset owners push back against such member demands. The #5by25 campaign hopes to bolster institutional capital and raise public and private investment in projects that deliver measurable ...

New campaign pushes for reproductive leave

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024  |  NEWS
Calls for a paid reproductive leave scheme are mounting, as Queensland Unions launches a campaign pushing for new entitlements including preventative health leave. It comes as the Senate investigates issues related to menopause and perimenopause. The ...

AI poses serious governance risk

MICHELLE BALTAZAR  |  FRIDAY, 15 MAR 2024  |  NEWS
Super funds could be left footing the bill of listed companies that are quick to adopt artificial intelligence (AI) systems but slow to grasp the governance risks when the technology fails. Professor Nicholas Davis, a leading academic on emerging technologies ...

Members shouldn't carry energy and housing

MICHELLE BALTAZAR  |  FRIDAY, 15 MAR 2024  |  NEWS
Fund members want their super funds to focus on risk-adjusted returns, not nation-building rhetoric, said Paul Schroder, chief executive at Australia's largest superfund with A$300 billion AUM. Speaking at the closing panel session of the Australian ...

Why top firms have more women on boards: AICD

ROSE MARY PETRASS  |  THURSDAY, 14 MAR 2024  |  NEWS
Top listed companies outperform on gender equality due to shareholder expectation and stronger corporate governance - but the rest of the index will soon follow suit, according to the Australian Institute of Company Directors (AICD). New AICD data finds ...

Canberra targets natural disaster insurance gap

ROSE MARY PETRASS  |  WEDNESDAY, 13 MAR 2024  |  NEWS
The government will attempt to close the natural hazard insurance protection gap, seeking feedback on the standardisation of terms like "storms" and "fire", as well as reforms to the standard cover regime. The reforms are designed to cut insurance costs ...

Major indices provide ESG clarity

ROSE MARY PETRASS  |  TUESDAY, 12 MAR 2024  |  NEWS
New data has been released by major indices, hoping to help investors and the businesses they invest in to navigate biodiversity and sustainable finance requirements. The firms, S&P Dow Jones and Deutsche Bank, recently responded to allegations they ...

Canberra funds $111m EV transition

ROSE MARY PETRASS  |  MONDAY, 11 MAR 2024  |  NEWS
Australia's two premier investment vehicles have allocated $55 million in a move aimed at attracting investment and boosting affordability. The Australian Federal Government's Clean Energy Finance Corporation (CEFC) and Australian Renewable Energy Agency ...

Firms wrestle with ESG data challenges

ROSE MARY PETRASS  |  MONDAY, 11 MAR 2024  |  NEWS
Financiers are struggling to cope with new ESG requirements, grappling with data challenges and alignment of sustainability goals with business strategy. New research from Bloomberg finds ESG data is the biggest hurdle. A survey of 200 European financial ...

ESG indices linked to Myanmar junta

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
Major ESG indices have responded to allegations they listed companies with links to the Myanmar military junta. The indices, MSCI, FTSE Russell and S&P Dow Jones, were used by BlackRock, Deutsche Bank, Northern Trust, State Street and Vanguard to model ...