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Showing 81 - 90 of 315 results for "Legislation"

Carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022  |  NEWS
... Australia (ISA) said that the performance test should be applied consistently to all super products covered by the legislation. "It's not clear why it's necessary to introduce a differential test which undermines the intention of the performance ...

ISSB to require Scope 3 emissions disclosure

RACHEL ALEMBAKIS  |  MONDAY, 24 OCT 2022  |  NEWS
... AASB chair Keith Kendall previously told FS Sustainability "there is a general expectation, and this is written in legislation, that we will adopt the international one unless there's a really good reason not to." Also at its October meeting, ISSB ...

Investors call for 75% emissions reduction by 2035

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
... reforms to the Safeguard mechanism are "positive steps to build investor confidence." Other recommendations include legislation to enshrine a net zero 2050 target, "embeds a response to physical risk, ensures independent advice to the public and Parliament ...

RBA governor urges implementation of ISSB standards

RACHEL ALEMBAKIS  |  MONDAY, 19 SEP 2022  |  NEWS
... AASB chair Keith Kendall previously told FS Sustainability "there is a general expectation, and this is written in legislation, that we will adopt the international one unless there's a really good reason not to." CPA Australia spokeswoman Jane Rennie ...

No ESG drag seen in performance test results

RACHEL ALEMBAKIS  |  THURSDAY, 1 SEP 2022  |  NEWS
... funds that use ESG investing strategies are failing the MySuper performance test under the Your Future, Your Super legislation. As reported in sister publication Financial Standard, five MySuper products have failed the second annual MySuper performance ...

Florida gov bans ESG from state pension investments

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
... employees now responsible for proxy voting and investment decisions." In July, Governor DeSantis also unveiled proposed legislation that would amend Florida's Deceptive and Unfair Trade Practices statute to prohibit discriminatory practices by large ...

Clean Energy Finance Corporation turns 10

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
... commercialising clean energy technologies. The CEFC survived the 2014 repeal of most of the rest of the Clean Energy Future legislation, despite former Prime Minister swearing a "blood oath" to repeal the carbon pricing mechanism. https://www.fssustainability.com.au/businesses-addressing-climate-change-as-strategic-risk ...

Does Canberra's agenda align with sustainable investment?

RACHEL ALEMBAKIS  |  THURSDAY, 11 AUG 2022  |  NEWS
Recently passed legislation to reduce carbon emissions 43% by 2030 in law is currently the most prominent example of the Labor government's new action on material ESG issues, but experts tell FS Sustainability that more is being done, even if it's ...

ESG product definitions a matter for legislation: ASIC

RACHEL ALEMBAKIS  |  TUESDAY, 2 AUG 2022  |  NEWS
... Securities and Investment Commission believes that standard definitions of ESG products and investments should be set by legislation. ASIC senior executive leader, corporations Claire LaBouchardiere spoke at the recent Australian Council of Superannuation ...

New Zealand XRB releases final climate reporting paper

RACHEL ALEMBAKIS  |  THURSDAY, 28 JUL 2022  |  NEWS
... Climate-related Disclosure standards that will come into force next year. The New Zealand government last year passed legislation that made climate-related disclosures mandatory for around 200 of the country's largest entities. The reporting regime has ...