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La Trobe University inks sustainability-linked loan

RACHEL ALEMBAKIS  |  MONDAY, 20 NOV 2023  |  NEWS
A major Australian university has locked in a $195 million sustainability-linked loan (SLL) with interest rate savings being reinvested into an Indigenous accommodation scholarship fund and other initiatives. La Trobe University has refinanced existing ...

Sustainable bonds underperform on climate targets

ROSE MARY PETRASS  |  THURSDAY, 16 NOV 2023  |  NEWS
Sustainability Linked Bonds are more likely to achieve emissions reductions targets than use of proceeds bonds, but many labelled bond users are not tracking to meet 2050 net zero targets. Corporate issuers are increasingly turning to labelled bonds ...

Investing during a disorderly transition: Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
... floods in the last few years so we're starting to see the signs. The withdrawal of insurance cover from some areas and high premiums in others are pretty disorderly responses to higher physical risk. We are seeing this specific issue now adding another ...

Greenwashing a barrier to responsible investment uptake

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
Investors considering responsible investment products say greenwashing, lack of understanding of methodology used by managers and a desire for financial advice first is stopping them from investing. According to the third 2023 Responsible Investing ...

Clean tech bags big bucks

ROSE MARY PETRASS  |  WEDNESDAY, 15 NOV 2023  |  NEWS
... commercial development SiBox, a heat storage battery that uses silicon bricks. The unit harnesses silicon's extremely high latent heat capacity, powered by intermittent renewables, for large industrial applications without generating carbon emissions. ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
As the world gears up for COP28, practitioners are preparing for a significant shift towards the integration of nature and climate in reporting. Evan Center, an expert in environment and climate change with the United Nations Global Compact Network ...

Treasury spruiks CEFC role in sustainable finance strategy

RACHEL ALEMBAKIS  |  MONDAY, 13 NOV 2023  |  NEWS
... other financial institutions. "The new Household Energy Upgrades Fund will support investment in energy efficiency upgrades, high performing appliances and battery-ready solar PV," the strategy paper said. "This builds on the CEFC's well-established ...

Call for investment to spur ethical fashion education

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
... two-fifths engaging with content relating to ethical consumption, compared to just one in ten in 2021. Australians demonstrate a high level of awareness of modern slavery, with 80% having knowledge of the concept. More than half of Australians are aware ...

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published new climate scenarios including predictions that a net zero transition could be "too-little-too-late," disorderly and delayed. The group, consisting ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
An ANZ shareholder is taking the bank to court over allegations that it has failed to manage the material risks of climate change and biodiversity loss. Catherine Rossiter is a long-term shareholder of the Australia and New Zealand Banking Group. Rossiter ...