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Showing 61 - 70 of 496 results for "credit"

Climate: debt rise, credit falls for 59 nations as early as 2030

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
The global financial system will see progressive deterioration of sovereign credit ratings in 59 countries due to climate-related factors, resulting in a substantial rise in both corporate and sovereign debt by tens of billions of dollars from 2030. ...

S&P Global drops ESG letter ratings from credit reports

RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
S&P Global Ratings has stopped providing new ESG scores when evaluating credit in an abrupt about-face. Effective immediately, the company announced it is no longer publishing new ESG credit indicators in our reports or updating outstanding ESG credit ...

Renewables round up: BlackRock launches US$1.9b NZ renewables fund

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... project financing, which includes US$695 million in construction and tax equity bridge loans and an US$84 million letter of credit facility. ING acted as the Green Loan Structuring Agent and Wilmington Trust acted as the Collateral Agent and Depositary ...

Sustainable finance heavyweight to chair National Reconstruction Fund board

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... holds several current non-executive director positions, including for the Australian Energy Market Operator, the Police Credit Union SA & NT, and Funds SA. Karen Smith-Pomeroy is currently the Chair of the Regional Investment Corporation and the National ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
... product issuers," the spokesperson said. "ASIC's jurisdiction includes, but is not limited to, providers with an AFSL, credit licence, otherwise engaging in financial services or those who have disclosure obligations such as market participants." ...

NGS tracking ahead on 2030 net zero pledge

RACHEL ALEMBAKIS  |  THURSDAY, 27 JUL 2023  |  NEWS
NGS Super is making faster-than-expected progress towards its goal of achieving a carbon neutral portfolio by 2030. Measurement of carbon intensity in the NGS Diversified MySuper portfolio fell by nearly 20% between 30 June 2021 and 30 June 2022, around ...

Demystifying ACCUs: What are carbon credits and how do they work? - Gary Wyatt

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
Australian Carbon Credit Units have somewhat been in the firing line recently with the independent Chubb review recommending changes to improve transparency and confidence in the scheme. In this podcast, senior journalist Rose Mary Petrass speaks with ...

Mike Ng named first chief sustainability officer for OCBC

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
Oversea-Chinese Banking Corporation Limited (OCBC) has announced the creation of the role of chief sustainability officer with current head of sustainability Mike Ng stepping into the role on 1 August. The new role will lead the transition to net zero ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023  |  NEWS
... proposal aligns with its previous 2022 recommendation of introducing a Carer's Income Tax Offset (CARITO). This tax credit, awarded upon re-entry to the workforce, incentivises carers by recognising the value of their unpaid work. Despite these initiatives ...

Does ESG have a fiduciary problem?

ROSE MARY PETRASS  |  WEDNESDAY, 12 JUL 2023  |  NEWS
... investment process. This includes ESG risks, as well as more traditional risk categories such as operational, market, liquidity, credit, currency, and inflation. Despite criticism that positions ESG as a barrier to fiduciary duty, panellists argued that ...