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Showing 51 - 60 of 532 results for "profit"

UBS passive strategies flagged on human rights

ROSE MARY PETRASS  |  THURSDAY, 5 SEP 2024  |  NEWS
... performance - according to Andrew Montes, who leads the Prison Free Funds project by As You Sow, a shareholder advocacy non-profit. "Investing in private prison operators carries the risk of contributing to human rights abuses, including forced labor," ...

Australian Ethical profit up 57% to $18.5m

ROSE MARY PETRASS  |  THURSDAY, 29 AUG 2024  |  NEWS
... fund grew its funds under management by 13% to $10.4 billion, revenues by 24% to $100.5 million, and record underlying profit after tax by 57% to $18.5m in FY24. In its FY24 results reported to the ASX, the ethical fund posted 80% growth in its statutory ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
The finance industry welcomes new climate rules to empower investor decision-making and corporate action but urges no further delays in enforcement. Climate reporting will be mandatory for large entities from 1 January 2025, helping investors identify ...

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... provide credible transition plans that align with the bank's ESG criteria. Last week, the bank posted a $9.48 billion net profit after tax for 2023-24. "CommBank has shown what's possible," Market Forces senior banks analyst Kyle Robertson said. "Australia's ...

Shareholders to say 'no' to gambling ads

MICHELLE BALTAZAR  |  TUESDAY, 13 AUG 2024  |  NEWS
... Verve, are supporting the campaign, which is spearheaded by fintech trading platform, SIX. SIX has teamed up with not-for-profit group Alliance for Gambling Reform (AGR) to put pressure on Seven West and Nine executives to ban gambling ads. This follows ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... expenditure on oil and gas exploration by more than 30% since 2021. The research comes out of environment and human right non-profit Urgewald, and research firm Profundo, alongside 12 partners including Fair Finance International, Climate Safe Pensions ...

Demand for human rights solutions intensifies

ROSE MARY PETRASS  |  MONDAY, 24 JUN 2024  |  NEWS
Ahead of launch in September, the social equivalent of the TCFD has unveiled its key functions as a UN body turns the spotlight on passive funds to do more on human rights. The UN Working Group on Business and Human Rights says investors must engage ...

ASFA partners with First Nations Foundation

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024  |  NEWS
... support of the First Nations Super Summit earlier this year," ASFA chief executive Mary Delahunty said. FNF is a not-for-profit Indigenous financial wellbeing foundation led by an Indigenous majority board since 2006. "It's encouraging to see that ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024  |  NEWS
... guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website and social media, and through ...

Govt moves timetable on power station closure

ROSE MARY PETRASS  |  MONDAY, 27 MAY 2024  |  NEWS
Last week the NSW government delayed closure of the Eraring Power Station, back-pedaling on a previous decision to close it next year. The station had been scheduled for closure in August 2025, but will remain open for two more years, with the possibility ...