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Mike Ng named first chief sustainability officer for OCBC

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
Oversea-Chinese Banking Corporation Limited (OCBC) has announced the creation of the role of chief sustainability officer with current head of sustainability Mike Ng stepping into the role on 1 August. The new role will lead the transition to net zero ...

Voting on climate crucial during AGM season: Amundi

ROSE MARY PETRASS  |  TUESDAY, 25 JUL 2023  |  NEWS
ESG is emerging as a clear theme for shareholder proposals for AGMs in 2023, according to Europe's largest asset manager. Amundi said stewardship through engagement and voting is key to a responsible investment approach during an AGM voting season that ...

ASIC takes Vanguard to court over further greenwashing claims

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023  |  NEWS
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund. This is the second time the market regulator has taken action against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal ...

Tasmanian cattle producer new chair of Farmers for Climate Action

ROSE MARY PETRASS  |  MONDAY, 24 JUL 2023  |  NEWS
Tasmanian cattle producer Brett Hall has been named new chair of Farmers for Climate Action (FCA) following the resignation of Charlie Prell. Hall, a long-time board member, will play a key role in selecting the new CEO at the non-profit which represents ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
The Australian Prudential Regulation Authority (APRA) has clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. ...

Untapped talent: Australia missing out on $50b in GDP

ROSE MARY PETRASS  |  THURSDAY, 20 JUL 2023  |  NEWS
Australia has one of the lowest employment rates for people with disability in the OECD and could add over $50 billion to its GDP by 2050 if it tapped into this talent pool, according to new research from the Business Council of Australia (BCA) and ...

Traditional Owners to lead Pilbara renewables rollout on exclusive native title land

ROSE MARY PETRASS  |  THURSDAY, 20 JUL 2023  |  NEWS
Yindjibarndi Aboriginal Corporation (YAC) and Philippines-listed renewable energy company ACEN have partnered to develop, own, and operate large-scale renewable energy projects of up to 3 gigawatts on Yindjibarndi Ngurra (country), in Western Australia's ...

Schneider: Digitalisation key to dodging energy shocks

ROSE MARY PETRASS  |  THURSDAY, 20 JUL 2023  |  NEWS
Businesses are switching to renewable energy-based electrification to shield themselves from volatile energy prices, with positive implications for sustainability, according to a new survey from Schneider Electric. The company commissioned independent ...

Transition Pathway Initiative appoints new chairs as founder steps down

ROSE MARY PETRASS  |  WEDNESDAY, 19 JUL 2023  |  NEWS
David Russell, former head of responsible investment for the Universities Superannuation Scheme (USS), the UK's largest pensions fund, has been named the new chair of the Transition Pathway Initiative (TPI) board. Jake Barnett, managing director ...

Seismic shift expected in global energy mix

ROSE MARY PETRASS  |  WEDNESDAY, 19 JUL 2023  |  NEWS
... finding sufficient capacity, Chamberlayne said. Policy initiatives such as EU's Green Deal and the US Inflation Reduction Act are set to strengthen energy security and meet net zero goals, seeking to invest €1.8 trillion and US$370 billion respectively ...