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Brookfield reaches first close on second transition fund

RACHEL ALEMBAKIS  |  THURSDAY, 8 FEB 2024  |  NEWS
Brookfield Asset Management has raised US$10 billion for a second global transition fund. The global asset manager announced the first close of the second Brookfield Global Transition Fund (BGTF II), which saw support from both existing and new investors. ...

NAB negotiates green loan with US-based renewables developer

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 FEB 2024  |  NEWS
... BAES Infrastructure is the majority owner of Swift Current Energy, with the other owners being IFM Net Zero Infrastructure Fund and Lookout Ridge Energy Partners. NAB, Natixis and First Citizens Bank join existing lenders KeyBank, Mitsubishi UFJ Financial ...

Podcast: Speaking truth to power on climate finance

THE GREENER WAY  |  MONDAY, 5 FEB 2024  |  NEWS
... emissions analyst at think tank Climate Energy Finance. Recently, Climate Energy Finance analysed the utility of using taxpayer fund to keep Australia's biggest coal power plant open beyond its planned closure date in 2025, and concluded it was unnecesary ...

Rise in ESG commitment by global funds: Morningstar

RACHEL ALEMBAKIS  |  MONDAY, 5 FEB 2024  |  NEWS
... "determination to incorporate ESG factors into their investment processes and deliver sustainability outcomes, relative to peers." Fund managers are evaluated on three pillars - philosophy and process, resources and active ownership. "Although demand ...

Ninety One launches emerging market transition debt fund

RACHEL ALEMBAKIS  |  MONDAY, 5 FEB 2024  |  NEWS
Global investment manager Ninety One has launched an emerging market debt strategy that will focus on investing in company issuance that finances the transition to a lower carbon economy. The Emerging Market Transition Debt (EMTD) will aim to provide ...

Growth in green bond issuance brings choice, challenges

RACHEL ALEMBAKIS  |  MONDAY, 5 FEB 2024  |  NEWS
The green, social and sustainability (GSS+) bond market is in its infancy, but the growth in issuance as well as fund strategies covering that category of bonds means investors have increased choice, but also questions about transparency and how to ...

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
... Strategy, announced $2 billion for green hydrogen, and scaled up offshore wind development. The government announced it will co-fund the development of an Australian sustainable finance taxonomy, committed to women's economic empowerment in the climate ...

Hazardous chemicals a key challenge for investors

ROSE MARY PETRASS  |  FRIDAY, 2 FEB 2024  |  NEWS
Investors should actively engage chemical companies, push for transparency, and allocate capital towards reductions in hazardous chemical production and its removal from the environment through innovative funding mechanisms such as green bonds. Global ...

ANZ sustainable fund flows buck global trend: Morningstar

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... sustainable funds gathered USD 63 billion, compared with USD 161 billion in 2022," Morningstar noted in its Global Sustainable Fund Flows: Q4 2023 Review. In Australia and New Zealand, "Dimensional was a key recipient of the inflows and gained an estimated ...

BlueScope receives funding for lower emissions project

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... for projects that will lower emissions in steel production. The funding is drawn from the government's Powering the Regions Fund and will go towards projects in New South Wales and South Australia. BlueScope has been awarded $136.8 million towards the ...