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COP fails to bridge yawning funding gap

ROSE MARY PETRASS  |  MONDAY, 18 NOV 2024  |  NEWS
Developing countries are asking for more climate financing and wealthy nations debating how to pay for it. The 2024 UN Climate Change Conference (COP 29) runs from 11-22 November 2024 in Baku, Azerbaijan. So far, COP29 chief executive Elnur Soltanov ...

Climate adaptation presents $100bn opp: IGCC

ROSE MARY PETRASS  |  MONDAY, 18 NOV 2024  |  NEWS
There is an urgent need for investments to protect against escalating climate risks and minimise capital flight from vulnerable areas as the globe careens closer to a runaway climate change scenario. At the Investor Group on Climate Change (IGCC) summit ...

New risks on board watch list

ROSE MARY PETRASS  |  MONDAY, 18 NOV 2024  |  NEWS
Compliance, regulation, and climate change are the red-hot topics for boards, who are pessimistic about Australia's economic and business prospects, the latest update from the Australian Institute of Company Directors reveals. Nearly two-thirds (61%) ...

Supermarket giants lead anti-slavery efforts

ROSE MARY PETRASS  |  FRIDAY, 15 NOV 2024  |  NEWS
Coles and Wesfarmers have been named among the most successful case studies of company engagement in the fight against slavery. Investors Against Slavery and Trafficking Asia Pacific (IAST APAC) published its annual report this week highlighting investor ...

Unloved sector poised to reap rewards

ROSE MARY PETRASS  |  FRIDAY, 15 NOV 2024  |  NEWS
Smart investors are buying into firms angling to solve the agri-food sector's biggest challenges, says Tai Lin, managing partner at private equity giant Proterra Asia. Amid an escalating global food crisis and the urgency of climate change, the ...

Australia among the leaders in lowering carbon emissions

MICHELLE BALTAZAR  |  THURSDAY, 14 NOV 2024  |  NEWS
Defying the global increase of carbon dioxide emissions from fossil fuel, Australia has slashed its emissions year-on-year, a trend likely to continue. A research report 'The Global Carbon Budget' released this week in time for COP29 found the ...

More work needed on climate risk response

ROSE MARY PETRASS  |  THURSDAY, 14 NOV 2024  |  NEWS
Australia's prudential supervisor says while larger entities continue to improve their climate risk maturity, there remains room for improvement. The Australian Prudential Regulation Authority (APRA) urged all regulated entities to consider the ...

Green Moves: NorthStar Impact, Aboriginal Investment NT, Care Super

ROSE MARY PETRASS  |  THURSDAY, 14 NOV 2024  |  NEWS
A former Australian Ethical exec has circled back to the responsible investing space, meanwhile an energy giant's top science expert quits in protest over alleged unsubstantiated net zero claims. Former Australian Ethical CIO David Macri has left Mason ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  TUESDAY, 12 NOV 2024  |  NEWS
Fronting a Senate hearing today, Cbus chief executive Kristian Fok said the fund's board is still considering whether it will appoint the replacement directors nominated by the CFMEU back in September. In September, the CFMEU administrator re-nominated ...

Podcast: Environmental impact of artificial intelligence with Prabhakar Srinivasan

THE GREENER WAY  |  TUESDAY, 12 NOV 2024  |  NEWS
It's fair to stay that AI is officially here to stay - it's everywhere, in our workplaces and even in our homes. However, the datacentres used in AI churns through energy and leaving behind a hefty carbon footprint, especially when we consider ...