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Aware Super plugs in to renewable energy platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 OCT 2023  |  NEWS
Aware Super has augmented its direct investments in the renewable energy sector with a partnership in a distributed renewable energy platform. Aware's direct investment in the Birdwood Distributed Energy Platform will see the fund partner to develop ...

Two-thirds of boards lack ESG understanding: PwC

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Just one-third of corporate boards have a strong understanding of ESG risks affecting their companies, just a quarter report a robust sense of carbon emissions and even less of their company's climate risk or strategy. Half (51%) of directors say their ...

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Following an election win on Saturday, centre-right PM-elect Chris Luxon announced that his incoming government will abandon NZ plans for a zero emissions grid by 2030. Further, no new funding will go to renewables - but planning processes will be streamlined ...

Arup becomes approved verifier for Climate Bonds Initiative

RACHEL ALEMBAKIS  |  TUESDAY, 17 OCT 2023  |  NEWS
Arup has become the first engineering consultancy in the Asia Pacific to be awarded the Approved Verifier status for green bonds by the Climate Bonds Standard Board. The Climate Bonds Initiative scheme is a global framework used by borrowers, issuers ...

Student accommodation provider inks billion-dollar SLL

RACHEL ALEMBAKIS  |  TUESDAY, 17 OCT 2023  |  NEWS
An owner/operator of purpose-built student accommodation (PBSA) has converted a $1.4 billion loan into a sustainability-linked loan linked to a number of ESG targets. The deal will see Scape save up to 5 basis points against the finance, provided the ...

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
Minister of Climate Change and Energy Chris Bowen delivered a pessimistic outlook on containing global warming at 1.5C as Australia heads into a "long hot summer". However, Bowen maintains optimism on the state of Australia's renewable rollout amid ...

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
The Federal Court has dismissed a challenge to two coal mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them. In Environment ...

Investors warned on human rights risk in Israel-Hamas conflict

RACHEL ALEMBAKIS  |  THURSDAY, 12 OCT 2023  |  NEWS
The escalation of armed violence in Israel and the Occupied Palestinian Territory (OPT) raises investor concerns over business responsibility under international humanitarian law (IHL). Investors are increasingly interested in understanding their risks ...

France "Say on Climate" law scrapped

ROSE MARY PETRASS  |  WEDNESDAY, 11 OCT 2023  |  NEWS
Following pressure from industry groups, France has dropped a mandatory "Say on Climate" resolution from its Green Industry bill just months after the rule was adopted in July. Under the resolution, all French listed companies would be mandated to submit ...

UK transition plan taskforce releases final disclosure framework

ROSE MARY PETRASS  |  WEDNESDAY, 11 OCT 2023  |  NEWS
The UK government's Transition Plan Taskforce (TPT) has launched a final framework as the UK government considers making transition disclosure mandatory for larger companies. Insurer Aviva, the London Stock Exchange Group (LSEG), asset manager Legal ...