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Showing 771 - 780 of 2466 results for "Clima"

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
An ANZ shareholder is taking the bank to court over allegations that it has failed to manage the material risks of climate change and biodiversity loss. Catherine Rossiter is a long-term shareholder of the Australia and New Zealand Banking Group. Rossiter ...

BlackRock backs world's largest direct air capture plant

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
The world's largest asset manager will invest $550 million to build a direct air capture (DAC) facility in Texas which the energy company developer says will be the world's largest. New York Stock Exchange-listed Occidental Petroleum Corporation says ...

"Looming" governance gap as reporting becomes mandatory

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023  |  NEWS
The financial system is rushing to upskill on ESG as the concept becomes more integrated into the industry, with teams increasingly comprising of staff with specialist sustainability skills alongside traditional finance experience. ESG is becoming embedded ...

Assessing companies ability to make the low carbon transition

RACHEL ALEMBAKIS  |  MONDAY, 6 NOV 2023  |  NEWS
Investors need to be able to assess companies and countries on their ability to manage the transition to a lower-carbon economy using a range of backward and forward-looking metrics. There is a lack of global standards and definitions around climate ...

Impact investing as greenwashing antidote: T. Rowe Price

RACHEL ALEMBAKIS  |  MONDAY, 6 NOV 2023  |  NEWS
Building portfolios around metrics such as direct revenue with real world social and/or environmental impact may be a solution to greenwashing, according to T. Rowe Price. Recently, T. Rowe Price global impact equity strategy Hari Balkrishna was in ...

Igneo refinances green credit facility

RACHEL ALEMBAKIS  |  MONDAY, 6 NOV 2023  |  NEWS
Igneo Infrastructure Partners has refinanced a $750 million revolving cash facility that includes a green tranche credit facility (GTCF). Igneo's Global Diversified Infrastructure Fund (GDIF) has refinanced the facility for a further two year period. ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
Treasury's proposed three-year moratorium on private litigation related to Scope 3 reporting as part of its proposed mandatory climate-related financial disclosure package has raised fears that it would give companies the green light to greenwash. ...

Most inclusive Aussie orgs named

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
Fossil-free super fund Future Group, member-owned Great Southern Bank QIC and non-bank lender Brighten Home Loans are among 82 Australian organisations deemed most committed to diversity and inclusion. In partnership with non-profit cultural centre ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
The government has announced plans to create a labelling regime for sustainable investment products, including managed funds and super fund options as well as plans to have an unnamed government body maintain a forthcoming sustainable finance taxonomy ...

Morgan Stanley makes second climate private equity deal

ROSE MARY PETRASS  |  THURSDAY, 2 NOV 2023  |  NEWS
Morgan Stanley Investment Management's (MSIM) 1GT Climate Private Equity Strategy has announced a strategic partnership with Huel, a UK plant-based protein company. It is the second deal the climate-focused 1GT growth strategy has made so far, after ...