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Showing 81 - 90 of 421 results for "banks"

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
The once-largest fossil fuel lender has changed tack to become the first of the big banks to formally cut ties with coal, oil and gas without credible transition plans, ahead of schedule. Last year, Commonwealth Bank announced that from 2025 it would ...

ISS ESG to plug emissions data shortfall for banks, insurers

MICHELLE BALTAZAR  |  THURSDAY, 1 AUG 2024  |  NEWS
Climate data provider ISS ESG removes one of the biggest hurdles for banks and insurers looking to comply to imminent emissions disclosure laws. This week ISS ESG, the sustainable investment arm of ISS STOXX, announced a string of upgrades to its Climate ...

Olympics flame sparks $10bn pledge to sports equality

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
International development banks pledge $10 billion to promote the United Nations' Sustainable Development Goals (SDGs) in sports. This comes as the Paris Summer Olympics kick off, with the opening ceremony held on Friday. The inaugural Sport for ...

Banks to refund millions following ASIC review

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... two million low-income Australians in high-fee accounts, 'Better banking for Indigenous Consumers', found. Most banks only provide customers with difficult 'opt-in' processes to switch to low-fee options, including requiring customers ...

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024  |  NEWS
... Technology. Importantly, Debelle also chaired the Global Foreign Exchange Committee, which coordinates standards for central banks and private sector companies in the currencies market. Meanwhile, Mercer Super has appointed Jim Minto as the chair of ...

LGIM, Generation, MUFG to report on nature

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
... institutions representing US$15.9 trillion in assets under management, including 25% of the world's systemically important banks (GSIBs). The financial institutions include LGIM, Generation Investment Management and MUFG Asset Management. David Blood ...

AI and crypto mining to drive energy opps: PGIM

MICHELLE BALTAZAR  |  FRIDAY, 7 JUN 2024  |  NEWS
... agreements and grid connections in place, it said. Debt opportunities in the mid-market in particular get the green light. "As banks have receded, debt financing for energy producers in the middle-market has become scarcer - creating private credit opportunities," ...

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024  |  NEWS
... research into the impacts of borrowing on the well-being of borrowers may contribute to changed ethical expectations of banks and other lenders."

Fossil fuel funding down 20pc: study

ROSE MARY PETRASS  |  FRIDAY, 24 MAY 2024  |  NEWS
... fuel companies has fallen sharply overall since the Paris Agreement was inked in 2016 but progress among the world's top banks has been mixed. The world's 60 largest banks, including Australia's Big Four banks, committed US$6.9 trillion to the fossil ...

Subsidiaries must comply with Aussie regime

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
... Sustainability Reporting Standards (ASRS), even if they already make disclosures under foreign regimes, EY finds. Alexandra Banks, partner at EY, climate change and sustainability services, has been receiving an influx of questions related to the application ...