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Negatively screened funds grow by over 2500% in New Zealand: RIAA

RACHEL ALEMBAKIS  |  FRIDAY, 4 AUG 2017  |  NEWS
... Zealand has seen a massive influx of funds in 2016, with negatively screened funds growing by over 2500% and reaching a total of NZ$42.7 billion, according to the Responsible Investment Association Australasia (RIAA). Growth in screened funds categories ...

Responsible Investment assets top $622 billion: RIAA

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUL 2017  |  NEWS
... sustainability themed investments and impact investments - grew by 26% over the past year to $64.9 billion, representing 4.5% of total assets under management. "The jump in core responsible investments is the really most significant shift, and what we ...

Mining sector showing "signs of progress" on emissions management, face continued risk: CDP

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2017  |  NEWS
... metrics in their CEOs' remuneration plan, emissions or climate related compensation typically accounts for 5% or less of total remuneration." In addition to carbon emissions and energy intensity, CDP also examined miners' exposures to water stress. "The ...

Task Force on Climate-related Financial Disclosures releases final report

RACHEL ALEMBAKIS  |  FRIDAY, 30 JUN 2017  |  NEWS
... a "few questions" for the TCFD around language in the definitions of financial filings and mainstream reporting, but in total, the CDSB is in agreement with the final recommendations of the TCFD. "Now it's time for everyone to get together and commit ...

Nuveen launches two new ESG exchange traded funds

RACHEL ALEMBAKIS  |  FRIDAY, 30 JUN 2017  |  NEWS
... explained the approach that Nuveen and the thinking behind launching ESG ETFs. Nuveen currently offers seven ESG ETFs, with a total of US$70 million invested. There has been wide interest in the ETFs in the US, O'Brien said. "Increasing investor interest ...

Will Australia adopt the Task Force on Climate-related Financial Disclosures recommendations?

RACHEL ALEMBAKIS  |  FRIDAY, 16 JUN 2017  |  NEWS
The G20 Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD) is preparing its final recommendations, which will be presented to the G20 Leaders' Summit in July. As the TCFD considers the final draft of the TCFD guidelines ...

Carnegie Clean Energy to participate in global partnership to push Sustainable Development Goals

RACHEL ALEMBAKIS  |  FRIDAY, 16 JUN 2017  |  NEWS
... that these goals present. "The International Renewable Energy Agency (IRENA) estimates that renewables could reach 45% of total global power generation by 2030. This equates to US$605 billion per year more in revenue for renewables generators compared ...

Sustainable Melbourne Fund, Victorian government to spread word on EUAs to SMEs

RACHEL ALEMBAKIS  |  FRIDAY, 2 JUN 2017  |  NEWS
... whilst the building owner pays the charges associated with the upgrade. Currently, 14 councils in Victoria offer EUAs, with a total of 20 projects with project value of $14.5 million financing 1.5Mw of solar power expected by June, said Scott Bocskay ...

Removing complicity in modern slavery?

RACHEL ALEMBAKIS  |  FRIDAY, 19 MAY 2017  |  NEWS
... exploitation and debt bondage. Within Australia the number of modern slaves is conservatively estimated at about 14,300 of a global total, according to the 2016 Global Slavery Index, of an estimated 45.8 million people. Although these numbers are relatively ...

APRA hires lead for new team that will consider cyber-security risks

RACHEL ALEMBAKIS  |  FRIDAY, 12 MAY 2017  |  NEWS
The Australian Prudential Regulation Authority (APRA) has recently created a combined team that will take the lead in governance, operational and insurance and will issues "such as IT and cyber security." Karin Halliday, AMP Capital corporate governance ...