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Executive appointment roundup: Corporate Citizenship to DBS, UNHCR to TBI

ROSE MARY PETRASS  |  MONDAY, 31 JUL 2023  |  NEWS
... value. He will report to chief sustainability officer Helge Muenkel starting on 31 July. Ann Moey has left the United Nations High Commissioner for Refugees after three and a half years to join the Tony Blair Institute for Global Change as Asia philanthropy ...

Climate resilience needed to dodge $442b VIC loss by 2100

ROSE MARY PETRASS  |  MONDAY, 31 JUL 2023  |  NEWS
... University of Melbourne research shows that by 2100, almost every community along Victoria's coastline will be affected, with high density areas as well as public coastal reserves most affected. The costs outlined in the report demonstrate the need to ...

NGS tracking ahead on 2030 net zero pledge

RACHEL ALEMBAKIS  |  THURSDAY, 27 JUL 2023  |  NEWS
... calculations relating to stranded assets, rather than Scope 1 and 2 emissions, said CIO Ben Squires. "Those companies tend to be high on Scope 3 but quite clever on managing Scope 1 and 2," Squires said. "We made active decisions to divest companies ...

Challenging market weakens ESG-focused fund flows

ROSE MARY PETRASS  |  THURSDAY, 27 JUL 2023  |  NEWS
Australian and New Zealand sustainable funds saw record outflows of US$1.7 billion against a backdrop of global outflows. Inflation, interest rates and recession fears are weakening flows into global sustainable funds overall- which attracted $US18 ...

The skills shortage delaying net zero: CEDA

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
... governments should focus on supporting workers and communities in a just transition rather than subsidising businesses to close high-emissions facilities. A "just transition" means moving the economy towards a greener future while ensuring fairness and ...

Suppliers on notice: Amazon to enforce emissions reporting

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
... fleet to electric delivery options, the company has also lowered data centre carbon footprints by nearly 80%. "Amazon is a high-growth company, and a decreasing carbon intensity indicates that we're successfully decoupling our emissions growth from ...

Mike Ng named first chief sustainability officer for OCBC

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
Oversea-Chinese Banking Corporation Limited (OCBC) has announced the creation of the role of chief sustainability officer with current head of sustainability Mike Ng stepping into the role on 1 August. The new role will lead the transition to net zero ...

ASIC takes Vanguard to court over further greenwashing claims

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023  |  NEWS
... it was first self-reported. "There was never any intention to mislead, but Vanguard recognises it has not lived up to the high standards it holds itself accountable to and apologises for the concern this matter may cause for our clients." Vanguard said ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
The Australian Prudential Regulation Authority (APRA) has clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. ...

Biodiversity in 2023 and beyond - what should Australian businesses expect?

LOUISE CAMENZULI, PHOEBE WYNN-POPE, JULIA GREEN, KATE GILL-HERDMAN  |  THURSDAY, 20 JUL 2023  |  NEWS
The year 2022 ended on a high note for biodiversity at both a domestic and international level and 2023 continues building upon that momentum, with the elevation of biodiversity as a critical consideration in planning, development and economic decision ...