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Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023  |  NEWS
Assistant treasurer and minister for financial services Stephen Jones said that without a sustainable finance taxonomy, regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council ...

Investors welcome Commonwealth green bond program

RACHEL ALEMBAKIS  |  THURSDAY, 27 APR 2023  |  NEWS
The government announcement of a forthcoming Sovereign Green Bonds program has been welcomed, with fixed income managers pointing to increased Australian dollar-denominated green bond supply and enhanced transparency as positive future developments. ...

Casting a wide net: ending modern slavery in fisheries

ROSE MARY PETRASS  |  THURSDAY, 27 APR 2023  |  NEWS
... implemented an Ethical Sourcing Program and released its latest Modern Slavery Statement. "We work closely with our supply partners, third-party certifications, industry bodies and additional key stakeholders to ensure that Coles Own Brand seafood is ...

UN Global Compact Network Australia hires executive director

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 APR 2023  |  NEWS
The UN Global Compact Network Australia (UNGCNA) has hired a new executive director, recruiting from the Victorian government. Kate Dundas will take up the role of executive director, joining UNGCNA from Sustainability Victoria, where she was acting ...

Government to fund sustainable finance taxonomy development

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023  |  NEWS
Treasurer Jim Chalmers has announced that the government will co-fund the initial development phase of an Australian Sustainable Finance Taxonomy, in partnership with the Australian Sustainable Finance Institute (ASFI). ASFI is the organising body working ...

Sustainability is facing a data crisis: new research

ROSE MARY PETRASS  |  THURSDAY, 20 APR 2023  |  NEWS
... reporting requirements should implement a sustainability roadmap that is inclusive of technologies, services and ecosystem partners that can position them for greater business success and help them address regulatory compliance." The Google Cloud report ...

$500bn investment needed to decarbonise NEM

RACHEL ALEMBAKIS  |  TUESDAY, 18 APR 2023  |  NEWS
It is possible to decarbonise Australia's National Electricity Market (NEM) in line with the ambition of limiting global warming to 1.5°C, but it carries a price tag of nearly half a trillion dollars of investment between now and 2050. The Clean ...

Quinbrook acquires US biofuel producer

RACHEL ALEMBAKIS  |  THURSDAY, 13 APR 2023  |  NEWS
Renewable energy investor Quinbrook Infrastructure Partners has made its first foray into biofuels through a US investment. Quinbrook has acquired PurposeEnergy, an established US-based renewable fuels and biogas specialist that focuses on using waste ...

Modern slavery, just transition, tax key themes: Robeco

ROSE MARY PETRASS  |  THURSDAY, 13 APR 2023  |  NEWS
... launched in quarter four of 2023. Climate and biodiversity themes will be expanded in 2023. Robeco is working with knowledge partners and developing a biodiversity rating framework for companies, and has created a biodiversity equity strategy for investment ...

CEFC invests $80m in private equity strategy

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 APR 2023  |  NEWS
... a range of mid-market companies while driving decarbonisation at the same time. CEFC will invest in Crescent Capital Partners' seventh fund, which has commitments of $1 billion. The fund will make partner and controlling investments into middle market ...