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New Forests hires head of sustainability

RACHEL ALEMBAKIS  |  TUESDAY, 17 AUG 2021  |  NEWS
Global forestry investments manager New Forests has hired a head of sustainability and created a new impact and advocacy business unit. Jo Saleeba joins as head of sustainability, after a short stint at FTSE Russell. She was the inaugural CEO of the ...

BlueScope sets net zero target

RACHEL ALEMBAKIS  |  MONDAY, 16 AUG 2021  |  NEWS
BlueScope has announced a net zero 2050 target for its scope 1 and 2 greenhouse gas emissions. The commitment is "highly dependent on several enablers, including the commerciality of emerging and breakthrough technologies, the availability of affordable ...

Census "a missed opportunity" on key questions: Diversity Council Australia

RACHEL ALEMBAKIS  |  THURSDAY, 12 AUG 2021  |  NEWS
The Australian Census is a "missed opportunity" in omitting questions relating to sexual orientation and gender identity, as well as options for identifying ethnic ancestry, according to the Diversity Council of Australia. "The Census is an incredibly ...

ESG funds, ETPs see billion-dollar inflows

RACHEL ALEMBAKIS  |  THURSDAY, 12 AUG 2021  |  NEWS
Net flows to ESG funds and exchange traded products (ETPs) have shown strong growth overall in the last 12 months. According to research from Rainmaker Information, a net total of $1.9 billion have gone into ESG related unit trusts in the twelve months ...

Companies have duty to act on climate conclusions of IPCC report

RACHEL ALEMBAKIS  |  TUESDAY, 10 AUG 2021  |  NEWS
With the publication of a landmark report into the physical impacts of climate change, company executives and directors must respond to the impending risks to business and supply chain. The Intergovernmental Panel on Climate Change (IPCC) has released ...

Investors press for swift action in wake of climate report

RACHEL ALEMBAKIS  |  TUESDAY, 10 AUG 2021  |  NEWS
Investors are pressing for swift action on climate change after a landmark report from the Intergovernmental Panel on Climate Change (IPCC) that has been labelled a "code red for humanity." The IPCC has released Climate Change 2021: the Physical Science ...

IPCC report highlights need for urgent action in Australia: CMI

RACHEL ALEMBAKIS  |  TUESDAY, 10 AUG 2021  |  NEWS
Against the backdrop of a landmark report into the physical impacts of climate change, one expert suggests that Australia's existing policy settings can be updated to a cap-and-trade systems to meet the challenge. The Intergovernmental Panel on Climate ...

Bank launches sustainability-linked derivatives

RACHEL ALEMBAKIS  |  THURSDAY, 5 AUG 2021  |  NEWS
One of the major Australian banks has launched sustainability-linked derivative products, building on its existing sustainability-linked loans (SLL) and sustainability-linked bond (SLB) processes. ANZ's sustainability-linked derivatives (SLDs) will ...

ESG "the most important thematic for the next 30 years"

RACHEL ALEMBAKIS  |  THURSDAY, 5 AUG 2021  |  NEWS
ESG is tipped to be the most important investment thematic for the next 30 years, according to Plato Investment Management. Managing director Don Hamson pointed to the surge in ESG investment and explained why the asset management industry must take ...

Assessing big tech's ESG risks and opportunities: Aviva Investors

RACHEL ALEMBAKIS  |  THURSDAY, 5 AUG 2021  |  NEWS
Tech companies such as Alphabet, Facebook and Microsoft have soared over the past 12 months and the IT sector is a large component of many ESG funds, but Aviva Investors cautions that there are ESG risks to businesses' practices that must be scrutinised. ...