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Stewart Investors launches emerging markets sustainability fund

RACHEL ALEMBAKIS  |  TUESDAY, 28 SEP 2021  |  NEWS
Stewart Investors has launched its Global Emerging Markets (GEM) Leaders Sustainability Fund in Australia. The fund invests "in high-quality, mid- to large-cap companies that are considered to be well positioned to benefit from, and contribute to, sustainable ...

Charter Hall signs green development loan

RACHEL ALEMBAKIS  |  THURSDAY, 23 SEP 2021  |  NEWS
Charter Hall has signed a $202 million certified green development loan to support the construction of a Melbourne development. Commonwealth Bank has served as sole financier and green coordinator for the Climate Bond Initiative-certified loan. The ...

AXA IM looks to launch forestry fund

RACHEL ALEMBAKIS  |  THURSDAY, 23 SEP 2021  |  NEWS
AXA Investment Managers is planning to launch a forestry fund off the back of acquiring an Australian forestry asset earlier this year. In July, AXA Investment Managers' Alts team aquired 24,000 hectares of Australian woodland, the Green Triangle ...

Property manager announces further $500m SLL

RACHEL ALEMBAKIS  |  THURSDAY, 23 SEP 2021  |  NEWS
Industry Super Property Trust (ISPT) said it will seek to have all its loans converted into sustainability linked loans (SLL), while announcing an additional $495 million SLL deal. Commonwealth Bank recently served as lender and joint sustainability ...

ING advises infrastructure company on green finance framework

RACHEL ALEMBAKIS  |  THURSDAY, 23 SEP 2021  |  NEWS
A leading energy infrastructure provider has established a green finance framework that will align the company's net zero commitments with future finance needs. ING in Australia has developed the framework with leading energy infrastructure provider ...

Ratcheting up ambition on climate finance goals

RACHEL ALEMBAKIS  |  THURSDAY, 16 SEP 2021  |  NEWS
Editorial note: This is the first in a three part series of articles brought to you by Aviva Investors Next month's UN Climate Change Conference (COP26) is anticipated to set in motion accelerated action towards the goals of the Paris Agreement ...

APAC data centre operator inks $2.1bn sustainability linked loan

RACHEL ALEMBAKIS  |  THURSDAY, 16 SEP 2021  |  NEWS
An Asia-Pacific data centre operator with facilities in Australia has converted its existing $2.1 billion corporate loans into a sustainability linked loan (SLL). AirTrunk's SLL, which matures in 2025, is linked to targets including diversity and ...

Greenpeace reveals greenwashing ASX companies

RACHEL ALEMBAKIS  |  THURSDAY, 16 SEP 2021  |  NEWS
Setting and meeting a 100% renewable electricity goal by 2025 is "the key measure of credibility of any corporate climate action plan," according to Greenpeace. Greenpeace Australia Pacific has launched Hero to zero: uncovering the truth of corporate ...

SGX proposes mandatory TCFD, diversity reporting

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 SEP 2021  |  NEWS
The Singapore Stock Exchange (SGX) has proposed making the Task Force on Climate-Related Financial Disclosures (TCFD) guidelines mandatory for all entities listed on the exchange. The Singapore Exchange Regulation (SGX RegCo) is also proposing enhancements ...

Boral to go net zero by 2050

RACHEL ALEMBAKIS  |  TUESDAY, 7 SEP 2021  |  NEWS
Boral has announced net zero commitments aligned to the Science Based Targets initiative (SBTi). Boral will reduce absolute Scope 1 and 2 emissions by 46% by 2030 and will reduce relevant Scope 3 emissions by 22%, both from a 2019 baseline. The targets ...