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University secures $450 million sustainability-linked loan

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
Macquarie University has inked a $450 million sustainability linked loan (SLL) as part of a refinancing deal that will see interest rate savings invested in scholarships for disadvantaged students. Macquarie has refinanced its bank facilities and worked ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023  |  NEWS
... $944 million. By the 2026-27 financial year, this cost is forecast to balloon to $1.1 billion. However, when considering the high costs of formal care, each carer receiving the Carer Payment contributes to net budgetary savings. "If those receiving care ...

Charter Hall sets records for sustainable office portfolio

ROSE MARY PETRASS  |  TUESDAY, 18 JUL 2023  |  NEWS
Charter Hall Group has become the largest 5-Star Green Star rated office portfolio in Australia as well as holding the most 6-Star Green Star Performance rated office buildings in the country. With more than 1.58 million square metres certified, the ...

City of Sydney to green Broadway

ROSE MARY PETRASS  |  FRIDAY, 14 JUL 2023  |  NEWS
... pedestrian friendly infrastructure Widen footpaths in areas where many people are walking - including the CBD, village centres and high streets Lower speed limits to 30km/h maximum in the city centre and high activity areas to reduce deaths and injuries ...

ACCC publishes greenwashing guidance

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023  |  NEWS
The Australian Competition and Consumer Commission (ACCC) has outlined eight principles designed to combat greenwashing by businesses and protect consumers. The ACCC has published a draft guidance to address "concerning conduct" based on a recent greenwashing ...

Australia releases "first ever" statement on climate in ag

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 13 JUL 2023  |  NEWS
The government has released its first National Statement on Climate Change and Agriculture, outlining a plan for Australia's farmers to "maintain global leadership on climate change and agriculture." The statement commits all governments to work ...

CEO pay falls in 2022, but 2023 the next test

RACHEL ALEMBAKIS  |  THURSDAY, 13 JUL 2023  |  NEWS
Average take-home pay for ASX100 CEOs in 2022 fell to their lowest level in nine years, but the Australian Council of Superannuation Investors (ACSI) warns that the next test for boards will be remuneration based on 2023 performance. ACSI has released ...

Does ESG have a fiduciary problem?

ROSE MARY PETRASS  |  WEDNESDAY, 12 JUL 2023  |  NEWS
ESG alone cannot drive value creation, but ESG integration can be used to gain competitive advantage, according to Prequin. The investment data company's latest survey of limited partners featured in Preqin's ESG in Alternatives 2023 report ...

Japan renewables get boost from Singapore tech

ROSE MARY PETRASS  |  TUESDAY, 11 JUL 2023  |  NEWS
A Japanese renewable energy operator is set to increase production from its renewable energy portfolio towards Japan's national emissions reduction target of 46% by 2030 and net zero by 2050. Singaporean global decarbonization software company Envision ...

TCorp auctions $400m sustainability bond

ROSE MARY PETRASS  |  TUESDAY, 11 JUL 2023  |  NEWS
TCorp, the investment and financial management partner of the NSW public sector, has auctioned $400 million of its existing 2.50% 22 November 2032 Sustainability bond. The NSW Sustainability Bond Programme provides investors with a pathway to support ...