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Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
... government is also introducing a sovereign green bonds program. The treasurer last month announced the government will co-fund the initial development phase of an Australian sustainable finance taxonomy in partnership with industry through the Australian ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 JUN 2023  |  NEWS
... Treasury concerning tax law changes, has been escalated. In response, AustralianSuper has become the first superannuation fund to freeze any new contracts with PwC, a spokesman said. PwC is AustralianSuper's independent auditor, according to the ...

ASIC chair calls out greenhushing as form of greenwashing

RACHEL ALEMBAKIS  |  MONDAY, 5 JUN 2023  |  NEWS
Greenhushing - in which companies stop all voluntary disclosure of ESG information - is just another form of greenwashing, according to ASIC chair Joe Longo. In a public speech today, Longo provided additional context to the market regulator's focus ...

Robeco defines key business sustainability impacts

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUN 2023  |  NEWS
Global fund manager Robeco has identified climate change, biodiversity, social rights and ESG data quality as material issues that pose both financial materiality and impact materiality in their operations. Robeco has released its sustainability report ...

Podcast: Is stewardship a sword or a shield for investors - Pablo Berrutti

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUN 2023  |  NEWS
... investing in the Sustainable Funds Group, which managed US$21.5 billion as of the end of 2021. In their 2021 climate report, the fund mnager found tht their total portfolio emissions was 180,600 tonnes of CO2 equivalent, 90% below the equivalent emissions ...

Experts evaluate impact of Modern Slavery Act review

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUN 2023  |  NEWS
The proposed reforms to Australia's Modern Slavery Act will serve to improve transparency and enhance focus on remedies and remediation of instances of modern slavery, according to experts. Last week, the Australian government tabled a sweeping review ...

Climate engagement escalation vital to responsible investing: Aviva Investors

ROSE MARY PETRASS  |  THURSDAY, 1 JUN 2023  |  NEWS
... originate £1 billion of sustainable transition loans three years early with the launch of its Climate Transition Real Assets Fund. The company also released a net zero progress report revealing that it has expanded its total renewable energy capacity ...

Are investors walking the walk when it comes to voting on biodiversity?

ROSE MARY PETRASS  |  THURSDAY, 1 JUN 2023  |  NEWS
... majority of sustainability and ESG funds in the study supported biodiversity proposals (76%), double the proportion of other fund types (38%), they only made up 3% of votes. Nearly 20% of sustainability funds voted against biodiversity-related proxies. ...

Hejaz invests in Islamic Bank Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 MAY 2023  |  NEWS
... funding the investment into Islamic Bank Australia through internal capital, and "is also currently raising externally to fund expansion efforts, including into overseas markets," Hejaz said. Hejaz did not disclose the size of the stake that they will ...

Greening Australia names new CEO

RACHEL ALEMBAKIS  |  TUESDAY, 30 MAY 2023  |  NEWS
Greening Australia has hired a new chief executive officer. Heather Campbell joins Greening Australia from Bush Heritage Australia, where she was CEO for four and a half years. Campbell also holds current and previous board and leadership positions ...