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Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
Ten multilateral development banks (MDBs) have identified the financing activities most closely aligned with achieving the intent of the Paris Agreement while also defining financing coal- and peat-related activities as not aligned. The MDBs involved ...

NSW Modern Slavery Plan to build prevention capability

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
The office of the NSW independent anti-slavery commissioner has outlined a three-year strategic plan to identify and eradicate the more than 16,400 estimated instances of modern slavery in the state. NSW independent anti-slavery commissioner James Cockayne ...

Western Australia issues first green bond

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 JUN 2023  |  NEWS
Western Australia has issued its inaugural green bond, with use of proceeds to support projects delivering environmental and decarbonisation outcomes. Western Australia Treasury Corporation (WATC) issued the 4.25% ten-year bond, which was "heavily oversubscribed" ...

CEFC backs agriculture investment platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 JUN 2023  |  NEWS
The Clean Energy Finance Corporation (CEFC) and a Canadian state investment manager have co-invested in a platform aimed at assisting Australian farmers at decarbonising while boosting farm production. CDPQ (Caisse de dépôt et placement du Québec) ...

Just 5% of global emissions covered by corporate targets

ROSE MARY PETRASS  |  TUESDAY, 20 JUN 2023  |  NEWS
CDP has issued a stark warning that current corporate targets disclosed will not reduce emissions enough to limit warming to 1.5 degrees. CDP's new Corporate Environmental Action tracker has found the number of 1.5°C -aligned science-based targets ...

JP Morgan platform to tackle sustainable data

ROSE MARY PETRASS  |  TUESDAY, 20 JUN 2023  |  NEWS
JP Morgan Securities Services hopes to solve the data problem for sustainable investing with the launch of its Sustainable Investment Data Solutions for institutional investors. The sustainable investment data solution is available through cloud-native ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023  |  NEWS
IFM Investors and Industry Super Australia (ISA) chair Greg Combet has relinquished his role to head the government's new Net Zero Economy Agency. Recognised for his expertise in government, investment, climate policy, and industrial relations ...

ASX C-Suite notch up double-digit salary increases: Governance Institute

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUN 2023  |  NEWS
Average pay packets for top brass at ASX-listed companies rose an inflation-busting 15% for CEOs and 19% for managing directors, according to the Governance Institute of Australia. The Governance Institute has released its annual Board & Executive Remuneration ...

Climate Action 100+ ramps up corporate activities

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUN 2023  |  NEWS
Climate Action 100+ will step up engagement activities and shift the focus from corporate climate-related disclosure to implementation of climate transition plans while increasing obligations on lead investors. Climate Action 100+ is a collaborative ...

Cost a barrier for SME ambition on net zero: BSI

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUN 2023  |  NEWS
Small and medium-sized enterprises (SMEs) increasingly identify sustainability and net zero targets as important to their business practice, but cost is the main barrier towards taking action, according to BSI Group. BSI Group - the global standards ...