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IFC expands EDGE program to include BNP Paribas ClimateSeed program

RACHEL ALEMBAKIS  |  FRIDAY, 10 JAN 2020  |  NEWS
The IFC has expanded its Edge certification program to include BNP Paribas' ClimateSeed carbon offset program. ClimateSeed is one of six accepted carbon offset programs in IFC's Zero Carbon Green Bujildings certificate under the IFC Edge program. To ...

Genex Power closes $192 million certified green debt funding package

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
Renewable energy generation developer Genex Power has closed a nearly $200 million debt funding package that has been verified as a green loan, certified by the Climate Bonds Standard. Simon Kidston, executive director, Genex Power The $192 million ...

Sydney Stock Exchange announces new CEO, first listings, ESG focus

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
Alternative stock exchange the Sydney Stock Exchange (SSX) has announced Michael Go as its new CEO, as well as its first two listing applications. Michael Go, CEO, Sydney Stock Exchange SSX will focus on smaller growth companies and is integrating environmental ...

ASFI identifies six critical challenges for sustainable finance roadmap

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
The Australian Sustainable Finance Initiative (ASFI) has homed in on six critical challenges that the financial services sector must address. Simon O'Connor, CEO RIAA ASFI is a collaborative initiative supported by insurers, superannuation funds, investment ...

Investing in insurance linked securities, integrating climate risk: Amundi

RACHEL ALEMBAKIS  |  FRIDAY, 6 DEC 2019  |  NEWS
Investing in insurance linked securities (ILS) can provide return in an asset class that is uncorrelated to other assets, with fund manager Amundi running an ILS strategy that takes into account long-term climate risks and opportunities. Chin Liu, SVP ...

Creating a values-based financial advisory firm: FPA Congress

RACHEL ALEMBAKIS  |  MONDAY, 2 DEC 2019  |  NEWS
Giving a presentation on how to create, foster and maintain a value-based advisory firm would be timely in the wake of the Hayne Royal Commission as well as the newly introduce FASEA Code of Ethics, but in the immediate aftermath of claims by AUSTRAC ...

Analysis: too big to be sustainable?

RACHEL ALEMBAKIS  |  FRIDAY, 29 NOV 2019  |  NEWS
Two months ago, the Dow Jones Sustainability Indices rated Westpac Australia's most sustainable bank, and the 9th most sustainable bank in the world for its 2019 index series. Rachel Alembakis, editor, The Sustainability Report DJSI isn't the ...

Investors considering their options in voting at Westpac AGM

RACHEL ALEMBAKIS  |  FRIDAY, 29 NOV 2019  |  NEWS
Westpac shareholders are considering whether to vote against the remuneration report at the December 12 AGM, and if a second strike is recorded, if a complete board spill is the right solution to governance failing. Vas Kolesnikoff, head of Australia ...

Willis Towers Watson launches Australian Global Equity Focus Fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 NOV 2019  |  NEWS
Willis Towers Watson Australia has launched its first Australian-domiciled fund, the Australia Global Equity Focus Fund (GEFF), a multi-manager fund that integrates GEFF is able to incorporate ESG and sustainable principles. Stuart Gray, portfolio manager ...

TCorp to issue sustainability bond based on green, social assets

RACHEL ALEMBAKIS  |  FRIDAY, 25 OCT 2019  |  NEWS
TCorp, the New South Wales government's fundraising arm, will issue a sustainability bond in coming weeks, with proceeds to finance a combination of green and social assets. Fiona Trigona, head of funding and balance sheet, TCorp This will be the second ...