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ASIC issues Indigenous Financial Services Framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 FEB 2023  |  NEWS
ASIC has acknowledged that First Nations peoples have been "prohibited and excluded from participating in the Australian financial system," and has published an Indigenous Financial Services Framework to support positive financial outcomes for First ...

Platinum hires ESG expert as head of stewardship

RACHEL ALEMBAKIS  |  THURSDAY, 9 FEB 2023  |  NEWS
Platinum Asset Management has hired a head of stewardship. Julia Bailey joins Platinum from Melior, where she was head of advocacy. Platinum head of investment Douglas Isles cited Bailey's almost 20 year-experience as an investment analyst and her ...

ISSB standards do not introduce increased risk for investors

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 FEB 2023  |  NEWS
The International Sustainability Standards Board (ISSB) climate and sustainability-related accounting standards will not bring increased liability risks for company directors and directors should not need a "safe harbour" provision, according to a new ...

Global food systems at risk: Barclays

RACHEL ALEMBAKIS  |  THURSDAY, 26 JAN 2023  |  NEWS
... investors need to add an extra layer of caution on what impact do they have, rather than headline stats," she said. "They need to ask how is it really generating impact and will it fundamentally support the narrative we're trying to support. "A lot of ...

Sustainability reporting, biodiversity, social high on ASX agenda: UBS

RACHEL ALEMBAKIS  |  THURSDAY, 26 JAN 2023  |  NEWS
... definitely up and coming include disclosure not just around Scope 1 and 2 emissions, but Scope 3 as well. Stakeholders will also ask companies to report more broadly when it comes to climate change, including asking how their capex is aligned to the ...

Salary inflation a rising S issue for ESG managers

RACHEL ALEMBAKIS  |  THURSDAY, 19 JAN 2023  |  NEWS
... companies have safety issues, if we know that staff engagement is poor, the CEO approval rate is poor internally, we will ask the question, do you have any EBAs on the agenda for this year?" The Australian Council of Superannuation Investors (ACSI) has ...

IML launches Sustainable Future Fund

RACHEL ALEMBAKIS  |  TUESDAY, 17 JAN 2023  |  NEWS
... launch a dedicated ESG fund has been driven by client demand, Wood said. "We originally did the market testing with clients to ask what did they want out of it, and the clear feedback was a genuine IML fund with downside protection, and a conservative ...

Climate skills demand outstrips supply in finance: UTS

RACHEL ALEMBAKIS  |  THURSDAY, 15 DEC 2022  |  NEWS
There is a climate skills gap in the Australian financial industry, with demand for people with climate skills outstripping supply, according to research from the UTS Institute For Sustainable Futures. UTS Institute for Sustainable Futures recently ...

Australia to introduce mandatory climate reporting

RACHEL ALEMBAKIS  |  TUESDAY, 13 DEC 2022  |  NEWS
The federal government will seek to introduce mandatory climate risk reporting standards as a first step towards a more ambitious sustainable finance strategy next year. Treasurer Jim Chalmers announced a consultation paper on climate risk reporting ...

Carbon markets, biodiversity on tap at COP27

RACHEL ALEMBAKIS  |  THURSDAY, 17 NOV 2022  |  NEWS
The state of further technical negotiations on areas like carbon markets and loss and damage are the subject of the second week of COP27 in Sharm El-Sheikh The aim of COP27 is, among other issues, to finalse the text of Article 6 of the Paris Agreement ...