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$20.5 billion cash infusion for Australia's green bank

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUN 2023  |  NEWS
The federal government has allocated an additional $20.5 billion to the Clean Energy Finance Corporation (CEFC), with the first $11.5 billion on its way. The CEFC has also received three new investment priorities as the result of government legislation ...

ISPT names first chief sustainability officer

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUN 2023  |  NEWS
ISPT has shaken up its executive leadership team, including creating the role of chief sustainability officer. Steven Peters has been elevated to the role of chief sustainability role, responsible for the delivery of ISPT's environment, social and governance ...

Podcast: Getting the balance right - Laura Ryan

THE GREENER WAY  |  THURSDAY, 22 JUN 2023  |  NEWS
In this episode senior journalist Rose Mary Petrass speaks with Laura Ryan, head of research at Ardea investment management, on her research surrounding promotion in the Australian finance industry. With two PhD's and more than two decades of experience ...

CEFC backs agriculture investment platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 JUN 2023  |  NEWS
The Clean Energy Finance Corporation (CEFC) and a Canadian state investment manager have co-invested in a platform aimed at assisting Australian farmers at decarbonising while boosting farm production. CDPQ (Caisse de dépôt et placement du Québec) ...

Just 5% of global emissions covered by corporate targets

ROSE MARY PETRASS  |  TUESDAY, 20 JUN 2023  |  NEWS
CDP has issued a stark warning that current corporate targets disclosed will not reduce emissions enough to limit warming to 1.5 degrees. CDP's new Corporate Environmental Action tracker has found the number of 1.5°C -aligned science-based targets ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023  |  NEWS
IFM Investors and Industry Super Australia (ISA) chair Greg Combet has relinquished his role to head the government's new Net Zero Economy Agency. Recognised for his expertise in government, investment, climate policy, and industrial relations ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  THURSDAY, 15 JUN 2023  |  NEWS
Santos has admitted that its retired offshore oil and gas field Legendre has been leaking gas for a decade, throwing into doubt investor abilities to meet net zero plans. Methane gas - a greenhouse gas 25 times more powerful than carbon dioxide - has ...

A new "nuclear renaissance" for investors: Maple-Brown Abbott

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUN 2023  |  NEWS
Global energy markets are entering the "next nuclear renaissance", with Australian uranium miners poised to benefit over the short and medium term, according to Maple-Brown Abbott. "With the main focus being on energy security, a re-contracting cycle ...

Stakeholders weigh in on Nature Repair Market bill

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
A range of public and private sector entities have weighed in on the government's proposed Nature Repair Bill, expressing support and reservations over how a legislative framework for market-led biodiversity recovery would attract capital. The Senate ...

Super fund survey finds strong demand for sustainable super

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
A national survey commissioned by Australian Retirement Trust (ART) has found that 74% want their superannuation invested sustainably. ART head of sustainable investment Nicole Bradford said the data indicates that a focus on ESG factors and sustainable ...