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Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 JUN 2023  |  NEWS
Ed note: article updated to reflect updated information. Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on ...

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 ...

The importance of additionality in impact investing

MATT LAWTON  |  THURSDAY, 1 JUN 2023  |  NEWS
In the world of impact investing, additionality helps to generate positive outcomes that may not otherwise occur without the value of engagement or capital investment. It furthers the drive toward positive impact by accelerating or strengthening impact ...

Hejaz invests in Islamic Bank Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 MAY 2023  |  NEWS
Hejaz Group has bought a $10 million stake in Islamic Bank Australia, a move that will see Hejaz abandon its plan to obtain its own retail banking license. Hejaz, an Australian Islamic financial services provider, is funding the investment into Islamic ...

Hamilton Lane raises $370m for second impact fund

ROSE MARY PETRASS  |  MONDAY, 29 MAY 2023  |  NEWS
Hamilton Lane has announced the final closing of Hamilton Lane Impact Fund II with $370 million raised, more than 3.75 times larger than its predecessor fund. This brings the private markets investment management firm's total impact and sustainable ...

Podcast: ESG investment - the state of play

RACHEL ALEMBAKIS  |  THURSDAY, 25 MAY 2023  |  NEWS
In this episode brought to you by CFS Thrive+, we'll be discussing what retail investors want when it comes to ESG and sustainable investment products and how financial advisers can help their clients decide where to put their hard-earned dollars. Joining ...

Octopus Energy makes waves with £1.5bn renewable energy investment

ROSE MARY PETRASS  |  THURSDAY, 25 MAY 2023  |  NEWS
Octopus Energy will invest £1.5 billion (AU$2.8 billion) in the Asia-Pacific energy market by 2027, aiming to accelerate the region's transition to a cleaner and smarter energy system. The global energy and technology group will invest £1.2 billion ...

Investment opportunities in a changing global food system

ROSE MARY PETRASS  |  THURSDAY, 25 MAY 2023  |  NEWS
Rising affluence and changing preferences are reshaping food demand, and investors should reconsider the potential risks and rewards in the global food system's shifting landscape, according to a recent report from PGIM. The report, Food for Thought ...

It pays to go green: top ETF megatrends for long-term growth

ROSE MARY PETRASS  |  THURSDAY, 18 MAY 2023  |  NEWS
Investors are poised to benefit from long-term investments in the minerals and technology needed to reach net zero, a global ETF provider has revealed. Global X ETFs Australia outlined the major exchange traded fund (ETF) investment megatrends - highlighting ...

Giant Leap completes fundraise for second impact fund

RACHEL ALEMBAKIS  |  THURSDAY, 18 MAY 2023  |  NEWS
Impact venture capital fund Giant Leap has completed fundraising for its second impact fund, tripling the size of its inaugural fund. The Giant Leap II fund is backed by NRMA, entrepreneurs including Kate Morris, Dom Pym and Roger Allan. Giant Leap ...