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Showing 51 - 60 of 276 results for "fossil fuels"

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... as a measure of a company's commitment to climate action. Australia's largest bank has now updated its climate and fossil fuels policy to state it will exit existing corporate or trade finance or bond facilitation facilities, where contracts legally ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
... Super Trust, of which Mercer is the trustee. The options promised to exclude companies involved in carbon intensive fossil fuels like thermal coal, alcohol production and gambling. They were promoted as suitable for members who "are deeply committed ...

UniSuper sustainable option returns 15.2%

ROSE MARY PETRASS  |  THURSDAY, 18 JUL 2024  |  NEWS
... universe we have been overweight in the 'magnificent seven' tech names. Also, because of the exclusions for fossil fuels, it means we have been underweight in the energy and materials sectors, which did not perform great this year. "This explains ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024  |  NEWS
... time on climate action markets continue to take a long-term view on the inevitability of the transition away from fossil fuels." Further, because of its impact investment mandate, the fund is also typically overweight private credit and clean energy ...

Rockefeller org picks climate advisers

ROSE MARY PETRASS  |  TUESDAY, 11 JUN 2024  |  NEWS
... Archana Soreng, activist. Despite being founded on oil money, in 2020 the foundation pledged it would divest from fossil fuels. John D Rockefeller, founder of Standard Oil, which once controlled over 90% of US oil production, set up the organisation ...

AI and crypto mining to drive energy opps: PGIM

MICHELLE BALTAZAR  |  FRIDAY, 7 JUN 2024  |  NEWS
... ESG goals or decarbonisation commitments, the inescapable arithmetic of global energy demand and supply means that fossil fuels will remain a major source of energy supply for decades to come."

AOFM launches first Green Treasury Bond

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
... prevention and control. Use of proceeds excludes nuclear energy, and the development, refining and transportation of fossil fuels. Morningstar's Sustainalytics, the ESG performance ratings provider, gave a second party opinion confirming that the green ...

Holdings fly in face of super duty

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
... impact returns over the long term for their members." Members "want to see their super funds doing more to end new fossil fuels and accelerate the transition to renewable energy - and ensure that they have a safe future to retire into." The expansion ...

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
... specific to toll roads, UniSuper does screen out any companies that derive more than 10% of their reported revenues from fossil fuels, specifically the exploration or production of thermal coal or oil and gas. In a statement, UniSuper said: "Transurban ...

Podcast: Divestment, impact, and all that good stuff with Sharon Davis of Future Super

THE GREENER WAY  |  TUESDAY, 16 APR 2024  |  NEWS
... projects. The pair chat impact investing, stewardship (proxy voting and engagements), and how to approach divesting from fossil fuels while at the same time ensuring the fiduciary duty of long-term returns for members.