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Local family office backs new venture to invest in climate tech

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025  |  NEWS
The family office of Daniel Besen has become an anchor investor in new venture capital firm Climate Tech Partners, investing in "innovative software and hardware companies" accelerating decarbonisation. Climate Tech Partners was founded by Patrick Sieb ...

Investors and business leaders call for end to 'weak' net zero pledge

ROSE MARY PETRASS  |  WEDNESDAY, 12 FEB 2025  |  NEWS
An open letter led by Fortescue and signed by the likes of Future Super, Ethinvest, and a former RBA Governor, calls on the federal government to phase out fossil fuels. The letter demands 'real zero' targets over 'net zero' targets, and clear and transparent ...

Carbon market responds to integrity concerns

ROSE MARY PETRASS  |  TUESDAY, 11 FEB 2025  |  NEWS
The carbon market industry has slammed media reports labelling carbon companies "cowboys, predators or parasites," calling the accusations "inflammatory and derogatory" and "unfair". A series of media reports published over the weekend published by ...

Google's DEI dump may tank ESG score

ROSE MARY PETRASS  |  MONDAY, 10 FEB 2025  |  NEWS
Google's decision to walk back its diversity, equity and inclusion (DEI) hiring initiatives will likely tank Alphabet's ESG score, exclude it from indices and funds, and impact investor demand. With several US firms rolling back DEI, there is ...

Regulation drives ESG advice boom

ROSE MARY PETRASS  |  MONDAY, 10 FEB 2025  |  NEWS
Consulting firms and artificial intelligence (AI) tools are experiencing growing demand from entities struggling to navigate new ESG rules, according to global technology research and advisory firm Information Services Group (ISG). A doubling down of ...

Renewable energy company secures $160m from Macquarie

KARREN VERGARA  |  MONDAY, 10 FEB 2025  |  NEWS
Macquarie Asset Management (MAM) is providing $160 million (€97m) to finance the expansion ambitions of Spanish renewable energy company Greenalia. Greenalia is the developer, owner, and operator of renewable energy assets in Spain, Portugal, and ...

ESG not dead yet: Fidelity

ROSE MARY PETRASS  |  MONDAY, 10 FEB 2025  |  NEWS
According to Fidelity International, ESG is still kicking, with over half of investors viewing it as highly important for portfolio asset allocation - but most struggle to measure impact. While the relevancy of ESG continues to be actively debated in ...

Cbus divests renewable asset

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025  |  NEWS
Cbus and CVC DIF - the infrastructure strategy of global private markets manager CVC - have agreed to the sale of 1 GW portfolio of Australian renewable energy assets to Potentia Energy for an unknown sum. The geographically and technologically diverse ...

ESG groups scramble to pivot

ROSE MARY PETRASS  |  THURSDAY, 6 FEB 2025  |  NEWS
More asset managers and banks are dropping like flies from climate-focused initiatives, leaving ESG groups scrambling to stay relevant. Following the exit of four Canadian banks, the Net-Zero Banking Alliance (NZBA) has now bade farewell to JPMorgan ...

Warakirri hires regional manager

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025  |  NEWS
Warakirri Asset Management has hired a new manager to look after clients in New South Wales and Queensland. The boutique asset manager has recruited Trent Faehndrich as regional manager for those states. The recruit is tasked with growing Warakirri's ...