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NZ case for green hydrogen-powered flight

ROSE MARY PETRASS  |  MONDAY, 11 SEP 2023  |  NEWS
... 6700-gigawatt hours of renewable energy will be required to generate that green hydrogen. "That's up to 16% of New Zealand's current total electricity supply. That demand presents an opportunity for businesses. We've now committed to progressing a hydrogen ...

Australian Unity inks sustainability-linked loan

RACHEL ALEMBAKIS  |  MONDAY, 11 SEP 2023  |  NEWS
... the company's Community and Social Value (CSV) Framework. The announcement comes as the wellbeing provider announces a total $1.76 billion in total community and social value for FY2023, a 7.6% increase over the previous financial year. Australian ...

Three-fold bang for the buck when investing in research

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023  |  NEWS
... approximately $1,171 per person. The funding created 6,570 full time jobs per year across Australia. It is projected that a total of 295,673 employee years of direct and indirect jobs will be created in Australia by the NCGP. said the report shows NCGP ...

Sustainable, ethical super products fail performance test

RACHEL ALEMBAKIS, JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023  |  NEWS
... performance test marks the first time trustee-directed products have been included in the test, with APRA assessing 805 in total. Of these 12% failed - but they represent 27% of the total funds under management in trustee-directed products both on and ...

Investors in hot seat over impact of 50-degree day

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
... therefore you need to think about how you decarbonize and adapt the portfolio at the same time." Noble noted that globally, the total number of days above 50C averaged 14 times a year between 1980 and 2009, increasing to 26 days a year between 2010 and ...

$12tn Asian engagement program advocates climate-linked pay

ROSE MARY PETRASS  |  THURSDAY, 17 AUG 2023  |  NEWS
... sustainability executive committee has linked executive remuneration to climate change, with members receiving between 5-13% of total remuneration for participating in the committee. Additionally, Malaysia's Tenaga and Indonesia's PT Perusahaan Listrik ...

ASX200 skirts Scope 3 disclosures

ROSE MARY PETRASS  |  TUESDAY, 15 AUG 2023  |  NEWS
... number of companies that undertook scenario analysis went up by 44% as 30 more companies took on the process, bringing the total to 118 companies (59%) Importantly, 91 of those companies use a 1.5°C or below 2°C Paris-aligned scenario. Scenario analysis ...

Climate: debt rise, credit falls for 59 nations as early as 2030

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
... worst-case climate change scenario. Under this scenario, current policies would continue, coal output would remain high, and total cumulative emissions would be factored in. This model has received criticism for possible overestimation of coal outputs. ...

Woodside sells 10% of $16.5b Scarborough LNG to Japan investors

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
... their share of costs spent on the LNG project since the effective date of the transaction in January 2022, bringing the total to approximately US$880 million upon completion in the first quarter of next year. Scarborough gas will be processed at the ...

Sustainable finance heavyweight to chair National Reconstruction Fund board

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
Sustainable finance expert and cofounder of Pollination Group Martijn Wilder will be the inaugural chair of the $15 billion National Reconstruction Fund (NRF) board. The NRF will invest in manufacturing projects cross seven priority investment areas ...