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Australian businesses failing to achieve on sustainability goals

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
Although Australian business leaders rank sustainability as being high in their organisational corporate structure, only 35% of businesses have achieved set sustainability targets over the past two years, according to Cognizant. The IT services and ...

NZ solar attracts $170 million international capital raise

ROSE MARY PETRASS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
New Zealand's green investment bank has led a $170 million capital raise for its Solar Finance programme, attracting First Sentier Investors and Natixis Investment Managers. Green Investment Finance (NZGIF)'s issuance has been certified by the Climate ...

Norway's oil fund updates climate demands

ROSE MARY PETRASS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
... companies "should prioritise reducing own emissions but can use additional and verified credits as a supplement to signal high climate ambitions". The fund stated that carbon credits should not be counted towards science-based interim emission reduction ...

Corporates to begin adopting final TNFD recommendations

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  TUESDAY, 19 SEP 2023  |  NEWS
... repercussions are felt at multiple levels and can be cumulative. The challenge is even greater due to a lack of detailed and high-quality information about the way individual companies impact nature," she said. "The release of the TNFD recommendations ...

Higher ESG means stronger ROI: study

ROSE MARY PETRASS  |  TUESDAY, 19 SEP 2023  |  NEWS
Companies with better ESG ratings outperformed their peers with lower ratings from 2013 - 2021, according to a study from Kroll. Globally, ESG leaders achieved an annual return of 12.9%, in contrast to the 8.6% return for laggards - an approximately ...

Responsible investment AUM declines but uptake increases: RIAA

RACHEL ALEMBAKIS  |  MONDAY, 18 SEP 2023  |  NEWS
Assets under management in the responsible investment industry dropped by nearly $250 billion in 2022, according to the latest Responsible Investment Association Australasia (RIAA) report. For the first time in years, the total Responsible Investment ...

Mandatory sustainability calculator streamlines housing approvals

ROSE MARY PETRASS  |  THURSDAY, 14 SEP 2023  |  NEWS
... 2024, the tool must be used by all applicants for proposed developments with a gross floor area of larger than 1500m2 in high density residential zones and employment zones. Georges River Council mayor Nick Katris said the tool was developed to help ...

New net zero standard for miners

ROSE MARY PETRASS  |  THURSDAY, 14 SEP 2023  |  NEWS
While mining companies are essential providers of the materials needed for clean energy technologies, they also face significant transition risks. A new pilot benchmark will provide investors with the necessary metrics to help assess diversified mining ...

Australian Unity inks sustainability-linked loan

RACHEL ALEMBAKIS  |  MONDAY, 11 SEP 2023  |  NEWS
... opportunities," Vise said. "I think we'd seek to use it in a circumstance where it is going to show up in a use case with a high CSV. But to be honest, our internal capital allocation for strategic capital only gets applied where we see financial ...

Forestry companies create global engagement body

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
A coalition of forestry companies including New Forests have launched a collaborative engagement body that will advocate on issues including climate change, biodiversity loss and halting and reversing deforestation. The International Sustainable Forestry ...