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Brookfield reaches first close on second transition fund

RACHEL ALEMBAKIS  |  THURSDAY, 8 FEB 2024  |  NEWS
Brookfield Asset Management has raised US$10 billion for a second global transition fund. The global asset manager announced the first close of the second Brookfield Global Transition Fund (BGTF II), which saw support from both existing and new investors. ...

ASX companies boosting ESG staff, oversight: Perennial

RACHEL ALEMBAKIS  |  THURSDAY, 8 FEB 2024  |  NEWS
Greenhouse gas emissions are once again the top ESG priority for companies, according to the most recent Perennial Better Future ESG survey. In the fifth edition of the Better Future survey, sent to approximately 200 ASX-listed corporates with responses ...

Green bond investors left in the dark

ROSE MARY PETRASS  |  THURSDAY, 8 FEB 2024  |  NEWS
Green bond investors find themselves navigating blind due to the lack of standardised emissions reporting methodologies, a specialist global asset manager has revealed. These impact bonds, designed to finance environmentally beneficial projects, also ...

Investors push for nature in climate plans

ROSE MARY PETRASS  |  TUESDAY, 6 FEB 2024  |  NEWS
Transition plans are pivotal to ensuring companies' credibility in achieving net-zero goals - but currently do not factor in safeguarding and restoring nature and biodiversity. In a bid to accelerate the protection and restoration of nature, finance ...

Rise in ESG commitment by global funds: Morningstar

RACHEL ALEMBAKIS  |  MONDAY, 5 FEB 2024  |  NEWS
... Disclosure Regulation (SFD, the recently released Sustainable Disclosure Requirements in the United Kingdom, and the upcoming SEC enhanced disclosures about ESG investment practices, "buttoning up internal processes for and external messaging around ...

Ninety One launches emerging market transition debt fund

RACHEL ALEMBAKIS  |  MONDAY, 5 FEB 2024  |  NEWS
Global investment manager Ninety One has launched an emerging market debt strategy that will focus on investing in company issuance that finances the transition to a lower carbon economy. The Emerging Market Transition Debt (EMTD) will aim to provide ...

Growth in green bond issuance brings choice, challenges

RACHEL ALEMBAKIS  |  MONDAY, 5 FEB 2024  |  NEWS
The green, social and sustainability (GSS+) bond market is in its infancy, but the growth in issuance as well as fund strategies covering that category of bonds means investors have increased choice, but also questions about transparency and how to ...

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
Australia ranked as the sixth country in terms of climate policy developments in 2023, but experts are concerned that the country is "playing catch up". At the top of the Inevitable Policy Response (IPR)'s list was the US with 38 policy developments ...

Closing Loopholes legislation

ALICIA MATAERE  |  THURSDAY, 1 FEB 2024  |  NEWS
The Fair Work Legislative Amendment (Closing Loopholes) Bill 2023 has been split, with the first part of the Bill passing the Senate on 7 December 2023 and receiving Royal Assent on 14 December 2023 to come into force as part of the Fair Work Legislative ...

BlueScope receives funding for lower emissions project

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
BlueScope Steel and LIBERTY Steel Australia have received a combined total of $200 million in grant funding from the federal government for projects that will lower emissions in steel production. The funding is drawn from the government's Powering the ...