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Pact Group sells stake in crate pooling business

RACHEL ALEMBAKIS  |  THURSDAY, 17 AUG 2023  |  NEWS
... put higher capital in, as we are putting in more cleaning facilities in Australia," said Pact Group CEO and managing director Sanjay Dayal. "That's been the positive development here, to find a partner who will work with us and do that, because the ...

Ethical investments recover performance: Chant West

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... clients going into it, and now has $80 million across the models, which is significant money," said Ethinvest managing director Trevor Thomas. "We've worked hard to refine the way that we choose the investments such that investments stay at the rigorous ...

Standard Chartered Bank gets first head of social sustainability

ROSE MARY PETRASS  |  TUESDAY, 15 AUG 2023  |  NEWS
... chief sustainability officer Marisa Drew. Nietsch has worked in global markets for 20 years and was previously managing director and head of FM Intelligence Unit within SCB's financial markets division. She joined the company in 2020 after leaving Citi ...

ASX200 skirts Scope 3 disclosures

ROSE MARY PETRASS  |  TUESDAY, 15 AUG 2023  |  NEWS
While nearly 70% of the ASX200 is now reporting against the Taskforce for Climate-related Financial Disclosures (TCFD) framework, "not all net zero commitments are equal" and significant Scope 3 emissions disclosure gaps remain. New research by the ...

Social license or social-washing - weighing the value of public statements on the Voice

ROSE MARY PETRASS  |  THURSDAY, 10 AUG 2023  |  NEWS
... Big W and Woolworths for playing a Welcome to Country and "yes propaganda" in their stores. Marcus Blackmore, executive director of Blackmores has also come out publicly against the Voice. On the other hand, there has been some concern it's not the ...

Sustainable finance heavyweight to chair National Reconstruction Fund board

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... government sustainable finance funding vehicles as chair of the Australian Renewable Energy Agency (ARENA) and founding director of the Clean Energy Finance Corporation. He has also served as director of the Climate Council, chair and governing board ...

Fidelity creates chief sustainability role, plus new chairs for IPCC and PRI

ROSE MARY PETRASS  |  FRIDAY, 4 AUG 2023  |  NEWS
... Changing World' consultation to ensure we are supporting signatories fully in their responsible investment journeys." PRI director Sharon Hendricks, chair of the search committee, commented: "The recruitment process was underpinned and run by a diverse ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
... be remedied." Morningstar does not rate the Vanguard ETF that is related to the bond fund, noted Morningstar associate director, manager research Justin Walsh. Walsh explains that for index ETF products that they do rate, Morningstar evaluates the index ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... orderly transition is in everyone's financial interests, particularly for scheme beneficiaries," Carbon Tracker founder and director Mark Campanale said. "The advice pension schemes are receiving risks trivialising the potentially huge damage climate ...

Using ChatGPT to assess climate targets: Acadian

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 AUG 2023  |  NEWS
... their decarbonization plans. The model is part of a broader suite of climate analysis tools, noted Andy Moniz, Acadian director of responsible investing. While much financial data disclosed by companies is backward in nature, the LLM model works on forward-looking ...