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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The Taskforce on Nature-related Financial Disclosures (TNFD) has released final guidance on four new sectors and draft guidance on a further three, as it also nets strategic funding from The Rockefeller Foundation.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 ...

Salter Brothers secures green loan for luxury retreat

ROSE MARY PETRASS  |  FRIDAY, 24 JAN 2025  |  NEWS
... retreats are already equipped with EV chargers... the loan will support the expansion of our renewable energy generation and fund further energy efficiency projects. These initiatives create credible and tangible pathways toward a more sustainable future." ...

Climate funds see first year of outflows

ROSE MARY PETRASS  |  FRIDAY, 24 JAN 2025  |  NEWS
... over a decade, losing US$19.6 billion in 2024 following redemptions of US$13.3 billion in 2023. By contrast, conventional fund peers saw inflows of $740 billion. For the first time, the US sustainable funds universe contracted with more funds closing ...

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 ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  THURSDAY, 23 JAN 2025  |  NEWS
... it's critical that our political leaders take bold steps to ensure the super-rich pay their fair share of taxes, so we can fund essential services like healthcare, education, and climate action - and build a fairer society for all." On the global ...

Australian Ethical 'cautious' on valuations

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025  |  NEWS
... stock prices, and it's now up to the businesses to deliver on their promises, or risk disappointing investors." The super fund and investment manager added that it expects the focus of investors in AI to shift in 2025 away from the foundational chip ...

Tyndall bolsters small cap team

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
​Small cap specialist Josh Phillips has quit Aware Super to join Tyndall Asset Management's equity investment teams as a co-portfolio manager. Phillips will work alongside James Nguyen to help drive the performance of Tyndall AM's small companies' ...

Super moves: ART, QIC, Rest, CareSuper

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
QIC has welcomed two new starters to its state investments team: a portfolio manager in Brisbane and a senior portfolio manager in Sydney. Daniel Rigney has been appointed as portfolio manager, arriving from Rest Super, where he managed quantitative ...

Ausfood Super appoints chief executive

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new chief executive. Formerly known as the Australian Meat Industry Superannuation Trust or AMIST Super, the fund has $3 billion ...

Payton Capital strengthens NSW leadership

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025  |  NEWS
Payton Capital, the private debt fund manager, has appointed a Suncorp executive to lead the firm's borrower services in New South Wales. The wholly owned business unit of HMC has recruited Kieran Turner as the state manager of New South Wales. ...