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Showing 771 - 780 of 3189 results for "ACT"

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
... that were false or misleading." Today, Justice O'Bryan found Vanguard broke the law numerous times, breaching the ASIC Act when it made representations about the screens it was applying to the fund. This was to have occurred between August 2018 and ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
The BlackRock CEO's annual letter waxed poetic on the old age question, fear, and the savings strategy of stuffing money under mattresses. He also said the energy transition is not a straight line and requires "pragmatism". This means Larry Fink believes ...

Mercer nabs Aware sustainability expert

ELIZABETH FRY  |  MONDAY, 25 MAR 2024  |  NEWS
Mercer Investments has appointed Guy Shearman as a senior sustainable investment analyst. Shearman joins from the $160 billion superannuation giant Aware Super, where he spent three years as a responsible investment analyst. Before that, he was an ESG ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024  |  NEWS
... as we have demonstrated." However, despite issuing the warning over enforcement, Kirkland said the regulator simply cannot act on every event of misconduct in the industry. "ASIC applies a strategic, risk-based approach to enforcement. We cannot take ...

Institutional investors shift gears amid "new market regime"

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024  |  NEWS
Nuveen's latest global institutional investor survey shows that investors are adjusting risk management and asset allocation strategies due to geopolitical tensions, higher rates, market volatility, and upcoming elections, with three themes dominating ...

Deutsche Bank links 33% of long-term bonuses to non-financial targets

ROSE MARY PETRASS  |  WEDNESDAY, 20 MAR 2024  |  NEWS
One of the world's largest financial institutions now ties a whopping third of long-term bonuses to sustainability and social objectives for the first time, starting this year. The change was outlined in its latest non-financial report outlining progress ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... washing, but chair Joe Longo has voiced apprehensions regarding the adequacy of current regulations. "ASIC will continue to act, and act early, to deter bad behaviour whenever appropriate and however caused. We're willing to test the regulatory parameters ...

Minorities to have bigger say under Positive Duty regime: Rio Tinto

MICHELLE BALTAZAR  |  MONDAY, 18 MAR 2024  |  NEWS
... systemic workplace sexual harassment problems and the impact of Positive Duty. Positive Duty under the Sexual Discrimination Act is a relatively new legal obligation that came into effect in December 2022. It was introduced to push companies to take ...

Super battle on impact investing and returns

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
A new campaign urges Australian super funds to finance ESG matters, as asset owners push back against such member demands. The #5by25 campaign hopes to bolster institutional capital and raise public and private investment in projects that deliver measurable ...

Execs sceptical of 2050 net zero goal

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... 2023 to 2024, to 70% of executives. The US was identified as a leader in green investments. Due to the Inflation Reduction Act (IRA) and the availability of low-cost natural gas feedstock, 79% of all executives view it as an attractive region for energy ...