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Showing 51 - 60 of 295 results for "MAS"

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
The once-largest fossil fuel lender has changed tack to become the first of the big banks to formally cut ties with coal, oil and gas without credible transition plans, ahead of schedule. Last year, Commonwealth Bank announced that from 2025 it would ...

Disorderly transition may spark financial meltdown

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
Australian investors may face a global financial disaster as early as next year, risk researchers warn. Bert Kramer is head of climate research and ESG solutions at risk management firm Ortec Finance. He cautions that the upcoming revision of nationally ...

Pension fund dumps ESG benchmark for passive investments

MICHELLE BALTAZAR  |  FRIDAY, 2 AUG 2024  |  NEWS
The Government Pension Investment Fund (GPIF), one of the largest managers of retirement savings in the world, has dumped the ESG index it had been using for its passive investments in previous years. In March, the fund said it has decided to change ...

UniSuper's environmental option returns -16%

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JUL 2024  |  NEWS
The fund's Global Environmental Opportunities (GEO) option returned a dismal -15.96% in FY24, but chief investment officer John Pearce says the growth themes remain intact, adding it's on a more solid footing than in FY21 when returns soared ...

ESG safe from layoffs in tight jobs market

ROSE MARY PETRASS  |  WEDNESDAY, 24 JUL 2024  |  NEWS
Amidst mass redundancies, ESG roles remain safe - for now. However, job seekers face fierce competition in an employer-driven market with slow recruitment processes and rampant ghosting. A shortage of ESG pros coupled with keen demand for specialist ...

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024  |  NEWS
The $43 billion public sector fund has welcomed a former central bank deputy governor to its board, while Mercer Super has a new chair. Guy Debelle has joined the fund for South Australian government employees, bringing a tremendous depth of experience ...

Investible, top VCs back Fugu Carbon

ROSE MARY PETRASS  |  TUESDAY, 9 JUL 2024  |  NEWS
Fugu Carbon, the new venture by co-founders behind Sun Cable, successfully raised $1.65 million from leading venture capitalists. The fundraising was led by venture capitalist Investible, and included participation from investors Jelix and Electrifi ...

UBS nabs ex-UOB sustainability lead

ROSE MARY PETRASS  |  WEDNESDAY, 12 JUN 2024  |  NEWS
Global financial services firm UBS has named Jiayun Fang as Southeast Asia social impact and philanthropy lead, group sustainability and impact. Fang has a background in sustainability, social impact, corporate philanthropy, diversity and inclusion ...

ESG demand still high for advisers

ROSE MARY PETRASS  |  THURSDAY, 23 MAY 2024  |  NEWS
Financial advisers find sustainable investments appealing to many of their clients, despite ongoing cost-of-living pressures and political differences. Ethical investment leaders spoke at the Financial Standard's inaugural Future Investing Forum ...

The rising role and risks of generative AI

ANDREW MCKEAN  |  MONDAY, 20 MAY 2024  |  NEWS
Generative AI, a rapidly advancing form of deep learning that mimics human output, also raises concerns about the verifiability of its results, UTS industry professor - emerging technology Nicholas Davis says. Appearing at the Stockbroker and Investment ...