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Auditors tighten fist on greenwashing

ROSE MARY PETRASS  |  TUESDAY, 28 JAN 2025  |  NEWS
The global ethics watchdog has issued fresh directives on judging green claims, with the minutiae still in flux in Australia as mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related ...

Podcast: Net zero infrastructure, data centres and renewable integration with David Scaysbrook

THE GREENER WAY  |  TUESDAY, 28 JAN 2025  |  NEWS
With energy efficiency highlighted as a global priority at COP29, asset managers are faced with a big task: to align their strategies to meet new international standards. Joining us today is David Scaysbrook, co-founder and managing partner of Quinbrook ...

Green moves: S&P, Northern Trust, Magellan, Maple-Brown Abbott

STAFF WRITER  |  FRIDAY, 24 JAN 2025  |  NEWS
The high-profile Désirée Lucchese has farewelled the global ratings and research group S&P following a restructuring of its energy transition, sustainability and services teams. Lucchese now seeks a senior position in investment management or a company ...

TNFD adds to sector guidance, scores funding

JAMIE WILLIAMSON  |  FRIDAY, 24 JAN 2025  |  NEWS
The Taskforce on Nature-related Financial Disclosures (TNFD) has released final guidance on four new sectors and draft guidance on a further three, as it also nets strategic funding from The Rockefeller Foundation. The TNFD has released final sector ...

Climate funds see first year of outflows

ROSE MARY PETRASS  |  FRIDAY, 24 JAN 2025  |  NEWS
Global climate funds suffered more withdrawals than deposits in 2024, with net outflows reaching US$24 billion, according to fresh data from Morningstar. In Europe, climate thematic funds experienced the largest outflows of any category during 2024. ...

Coalition's anti-ESG stance sparks investor backlash

ROSE MARY PETRASS  |  THURSDAY, 23 JAN 2025  |  NEWS
The Coalition's widely reported threats to force banks to downweigh ESG considerations could create significant implications for ethical investment managers and superannuation funds. The Coalition leader said he intends to stop banks from blocking or ...

Trump Paris exit "bad news" for rest of world

ROSE MARY PETRASS  |  THURSDAY, 23 JAN 2025  |  NEWS
US President Donald Trump's administration could put climate action on the backburner globally - but DEI in Australia is unlikely to falter. Trump signed more than 200 executive orders on his first day back in office and revoked 78 executive actions ...

Quinbrook closes $722m debt financing for batteries

ROSE MARY PETRASS  |  THURSDAY, 23 JAN 2025  |  NEWS
Specialist investment manager Quinbrook Infrastructure Partners has closed debt financing for what is believed to be the largest battery storage financing in Australia to date. Financing for the Supernode project in Queensland was provided by Bank of ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  THURSDAY, 23 JAN 2025  |  NEWS
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make. The 47 billionaires based in Australia saw their wealth rise by more than 8% or $28 billion last year, the ...

Australian Ethical 'cautious' on valuations

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025  |  NEWS
Australian Ethical is betting on the tech sector - and primarily artificial intelligence (AI) - being major themes for investors in 2025. Australian Ethical said while technology and AI drove market performance to new highs in 2024, it is looking for ...