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Podcast: Investing in low-carbon, energy-efficient green buildings with Davina Rooney

THE GREENER WAY  |  TUESDAY, 27 AUG 2024  |  NEWS
This episode outlines the climate and commercial case for sustainable buildings. With buildings and building materials in hot demand, especially as the nation grapples with meeting its housing targets, momentum is growing on the sustainability side. ...

Green job market heats up

ROSE MARY PETRASS  |  MONDAY, 26 AUG 2024  |  NEWS
Despite layoffs in other sectors and unemployment rate inching higher, sustainability surges as firms eye top talent in Q3 2024. Ann Austin has been promoted to global head of sustainability, investment management at Lendlease. A company loyalist, she ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
... Measures) Bill 2024 aligns with the Taskforce on Climate-related Financial Disclosures (TCFD). It requires science-based, high-quality, substantiated, and comparable reporting across governance, strategy, risk management, and metrics. Entities must disclose ...

Net zero dreams float on unscaled tech

ROSE MARY PETRASS  |  THURSDAY, 22 AUG 2024  |  NEWS
Net zero by 2050 may risk up to a third of emissions abatement on a tech unproven at scale - and if it fails, plan B is much pricier, says Bloomberg. The world would have to fall back on other, potentially more expensive solutions, if carbon capture ...

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  MONDAY, 19 AUG 2024  |  NEWS
... Shariah advisory firm. The Islamic finance industry is set to boom in the next few years, with S&P Global Ratings forecasting a high single-digit growth in total assets in the sector. Similarly, the London Stock Exchange Group predicts a tremendous spike ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  FRIDAY, 16 AUG 2024  |  NEWS
... fund from Silva Capital. The Silva Carbon Origination Fund is one of the first funds in Australia to invest in large-scale, high-integrity Australian Carbon Credit Units (ACCUs) produced through land reforestation. Silva Capital is aiming to raise $250 ...

S&P Global gains top sustainability expert

ELIZABETH FRY  |  THURSDAY, 15 AUG 2024  |  NEWS
The high-profile Désirée Lucchese has quit MLC Life Insurance after just four months to join S&P Global as a sustainability solutions specialist. Lucchese said she is keen to return to the "complex, nuanced and ever-evolving space of investment data ...

Catastrophe bill blows up to $90bn

ELIZABETH FRY  |  THURSDAY, 15 AUG 2024  |  NEWS
Swiss Re says global insured losses from natural catastrophes hit $90.5 billion (US$60bn) in the first half of 2024, with severe thunderstorms accounting for two-thirds of that figure. Interestingly, the half was the second costliest on record for insured ...

Shareholders to say 'no' to gambling ads

MICHELLE BALTAZAR  |  TUESDAY, 13 AUG 2024  |  NEWS
Ethical investment groups Ethinvest and Future Group are backing an investor campaign to stop media giants Seven West and Nine Entertainment from running gambling ads. Ethinvest, a financial planning group, and Future Group, the parent company of super ...

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
The energy giant's US$2.35 billion ammonia buyout may placate many shareholders, but the high price paid has raised alarms given the yet-to-be-operational plant hinges on possibly impermanent carbon capture. Last week, Australian oil and gas company ...