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MUFG, First Sentier announce head of Sustainable Investment Institute

RACHEL ALEMBAKIS  |  TUESDAY, 14 SEP 2021  |  NEWS
Karadzhova will be responsible for developing the institute's research programme which will include macro-level research on sustainable investment topics, market trends and industry practices. Karadzhova comes to the institute from MSCI, where she was ...

Monetary Authority of Singapore hires chief sustainability officer

RACHEL ALEMBAKIS  |  FRIDAY, 10 SEP 2021  |  NEWS
The Monetary Authority of Singapore (MAS) has formed a new Sustainability Group and hired Darian McBain as chief sustainability officer. McBain joins MAS on 1 October. The new Sustainability Group led by McBain will steer sustainability efforts across ...

ESG, corporate purpose top CEOs' agenda: KPMG

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
Australian CEOs face calls for more ESG reporting and transparency, but admit they struggle to "articulate a compelling ESG story," according to research from KPMG. The KPMG 2021 CEO Outlook, a study of 1,300 CEOs across 12 countries including Australia ...

Climate transition a business opportunity: Geoff Summerhayes

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
Climate-related business and investment decisions are shifting from risk to capturing new opportunities, according to former APRA executive board member Geoff Summerhayes. Climate change is moving from an issue of a "hygiene factor" to a question of ...

New ethical fund appoints Equity Trustees as RE

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
The Haven Wealth Partners Ethical Absolute Return Fund is a value-focused ethical absolute return fund, which applies positive and negative screens to its investments in companies that are aligned to the UN Sustainable Development Goals. Haven Wealth ...

Federated Hermes launches climate change high yield credit strategy

RACHEL ALEMBAKIS  |  THURSDAY, 9 SEP 2021  |  NEWS
The international business of Federated Hermes has launched a high yield credit strategy that invests in securities that support a low carbon future. The Federated Hermes Climate Change High Yield Credit Strategy is seeded by and designed in partnership ...

SGX proposes mandatory TCFD, diversity reporting

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 SEP 2021  |  NEWS
The Singapore Stock Exchange (SGX) has proposed making the Task Force on Climate-Related Financial Disclosures (TCFD) guidelines mandatory for all entities listed on the exchange. The Singapore Exchange Regulation (SGX RegCo) is also proposing enhancements ...

"Dismal" stats for women in ASX leadership roles

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 SEP 2021  |  NEWS
The number of women in CEO positions is "dismal", with only 6% of ASX300 companies having women CEOs. Chief Executive Women (CEW) has released the 2021 Chief Executive Women Senior Executive Census, the fifth year of the survey. The survey found only ...

HESTA CEO joins corporate governance board

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 SEP 2021  |  NEWS
HESTA CEO Debby Blakey has been appointed to the Board of the International Corporate Governance Network (ICGN). Blakey is the only Australian board member, whose members are responsible for assets of more than $79 trillion. ICGN represents institutional ...

Boral to go net zero by 2050

RACHEL ALEMBAKIS  |  TUESDAY, 7 SEP 2021  |  NEWS
Boral has announced net zero commitments aligned to the Science Based Targets initiative (SBTi). Boral will reduce absolute Scope 1 and 2 emissions by 46% by 2030 and will reduce relevant Scope 3 emissions by 22%, both from a 2019 baseline. The targets ...