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Super fund survey finds strong demand for sustainable super

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... opportunities alongside other traditional financial matters as part of our decision-making process, and our obligation to act in the best financial interest of our members. Given the current complexity, it can be a challenge for large investors, like ...

Aussie, Kiwi ministers commit to sustainable finance alignment

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
Australia and New Zealand will work to align climate-related disclsures and sustainable finance frameworks across both countries to support businesses that operate across the Trans-Tasman economic region. Australian Treasurer Jim Chalmers and Climate ...

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
Companies need to address their Scope 3 emissions and sustainability claims for greenwashing, ahead of new Safeguard Mechanism rules. With Safeguard Mechanism reforms set to come into effect on July 1 for the hard-to-abate sector of industrial emitters ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 JUN 2023  |  NEWS
Ed note: article updated to reflect updated information. Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on ...

ASIC chair calls out greenhushing as form of greenwashing

RACHEL ALEMBAKIS  |  MONDAY, 5 JUN 2023  |  NEWS
Greenhushing - in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech today, Longo provided additional context to the market regulator's focus ...

Robeco defines key business sustainability impacts

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUN 2023  |  NEWS
Global fund manager Robeco has identified climate change, biodiversity, social rights and ESG data quality as material issues that pose both financial materiality and impact materiality in their operations. Robeco has released its sustainability report ...

Experts evaluate impact of Modern Slavery Act review

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUN 2023  |  NEWS
The proposed reforms to Australia's Modern Slavery Act will serve to improve transparency and enhance focus on remedies and remediation of instances of modern slavery, according to experts. Last week, the Australian government tabled a sweeping review ...

Climate engagement escalation vital to responsible investing: Aviva Investors

ROSE MARY PETRASS  |  THURSDAY, 1 JUN 2023  |  NEWS
Strong engagement is crucial to solving the climate crisis, with Aviva Investors identifying nearly 400 instances where their active ownership helped drive positive changes in corporate behaviour. Aviva Investors has released its Responsible Investment ...

Are investors walking the walk when it comes to voting on biodiversity?

ROSE MARY PETRASS  |  THURSDAY, 1 JUN 2023  |  NEWS
Asset managers have argued in favour of engagement rather than divestment - but a new report from non-profit financial think tank Planet Tracker has found that even sustainability funds at the largest asset managers are consistently voting against biodiversity ...

Greening Australia names new CEO

RACHEL ALEMBAKIS  |  TUESDAY, 30 MAY 2023  |  NEWS
Greening Australia has hired a new chief executive officer. Heather Campbell joins Greening Australia from Bush Heritage Australia, where she was CEO for four and a half years. Campbell also holds current and previous board and leadership positions ...