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Appointment round-up: TelstraSuper, CSIRO, FRRR

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023  |  NEWS
TelstraSuper has hired an experienced sustainability professional as sustainable investment manager. Priya Patel joins TelstraSuper from Frontier, where she was senior responsible investment adviser. Patel will report to David Humphreys, head of sustainable ...

TelstraSuper augments sustainable investment team

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
TelstraSuper has hired an experienced sustainability professional as sustainable investment manager. Priya Patel joins TelstraSuper from Frontier, where she was senior responsible investment adviser. Patel will report to David Humphreys, head of sustainable ...

Australia considers carbon tariff to level playing field

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
... on carbon. As of 7 September, European Union Allowances (EUAs) are currently trading at €87.75, having hit an all-time high of more than €105 in the first quarter of 2023. "Key issues for consideration would be the measurement of emissions embedded ...

Three-fold bang for the buck when investing in research

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023  |  NEWS
A major independent study has found that every dollar invested in Australian research generates $3.32 in return. An independent report by ACIL Allen shows that research funded by the Australian Research Council (ARC) is varied and has a range of economic ...

Men receiving higher salary increases than women: ADP

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023  |  NEWS
Women's salary increases are failing to keep up with men's, with this trend expected to continue into the year ahead. Australian pay rises in the past 12 months averaged 5.7% for men, compared to only 4.4% for women. In the next 12 months, men expect ...

Human rights in business remain a challenge

ROSE MARY PETRASS  |  MONDAY, 4 SEP 2023  |  NEWS
More than 7000 Australian businesses have filed modern slavery statements following the implementation of the Modern Slavery Act in 2018. However, broader adherence to the UN Guiding Principles on Business and Human Rights remains a challenge. The expectations ...

Government commits public service to net zero by 2030

RACHEL ALEMBAKIS  |  THURSDAY, 31 AUG 2023  |  NEWS
The Australian government has committed the Australian Public Service to a net zero 2030 target its Scope 1 and Scope 2 emissions. The Department of Finance has quietly rolled out the target, which will "achieve net zero by actively reducing emissions ...

RBA sets 2030 net zero target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
... adverse effects on productive capacity, remain higher for longer," Bullock said. "The longer inflation is allowed to remain high, the greater the risk that expectations will drift higher, and the greater the real economic costs will be of bringing inflation ...

Asia ahead in Science Based Targets race

ROSE MARY PETRASS  |  MONDAY, 28 AUG 2023  |  NEWS
2022 saw an 87% increase in corporates setting targets, as more companies set targets in one year than in the seven years previously. The Science Based Targets initiative (SBTi) has reported 1097 companies set science-based targets in 2022 - a rise ...

Climate action both risk and opportunity to Australia: Intergenerational Report

RACHEL ALEMBAKIS  |  THURSDAY, 24 AUG 2023  |  NEWS
Tackling climate change and transforming Australia's economy to its net zero 2050 target are central priorities in the 2023 Intergenerational Report issued today. In the Intergenerational Report, which provides a forecast of Australia's budget and economy ...