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Showing 81 - 90 of 383 results for "mandate"

Future Fund to back energy transition, residential housing

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024  |  NEWS
The Future Fund has been handed a new mandate, with the government directing it to prioritise investments in the energy transition, residential housing, and infrastructure. The $230 billion sovereign wealth fund has been provided with a new investment ...

Mega asset manager defends OECD complaint

ROSE MARY PETRASS  |  FRIDAY, 22 NOV 2024  |  NEWS
BlackRock dismisses allegations it increased spending in agribusiness and ignored known harm in its active and index funds. The complaint follows legal precedent that financial institutions are responsible for acting on human rights and environmental ...

World Bank exit policy gets thumbs up from local experts

ROSE MARY PETRASS  |  THURSDAY, 21 NOV 2024  |  NEWS
The world's largest development financier has released its long-awaited policy on responsibly divesting, a historic first in its 80-year history. The new policy builds on the Sustainability Policy of the International Finance Corporation (IFC) - the ...

Nature and climate now on equal footing

ROSE MARY PETRASS  |  WEDNESDAY, 30 OCT 2024  |  NEWS
... companies, so we will really see an increase in voluntary uptake of the TNFD." RIAA has plans to soon call on the government to mandate nature-related reporting. The IGCC Climate Finance and Investment Summit will be held on 7-8 November at the Sofitel ...

Australian Ethical awards front office mandate

ANDREW MCKEAN  |  THURSDAY, 24 OCT 2024  |  NEWS
Australian Ethical has awarded State Street's Charles River a mandate to automate its investment portfolio's front and middle office operations. The ethical investment manager will use Charles River's Investment Management Solution, which ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  THURSDAY, 24 OCT 2024  |  NEWS
The controversial $370 billion pact between the US, Australia, and the UK, or 'AUKUS', is being sold as a boon for the economy and nation-building exercise that will amplify defence capabilities and strengthen regional security. But is it all ...

Modern slavery: Time for more action

MANS CARLSSON  |  FRIDAY, 4 OCT 2024  |  NEWS
There is little evidence that Australia's Modern Slavery Act 2018 (MSA) has helped reduce the prevalence of modern slavery. The MSA was the first national legislation in the world to define modern slavery. The Act defines modern slavery as eight types ...

Australia fails benchmark for female-led funds

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024  |  NEWS
The portfolio size of funds run by women has jumped higher this year, but the number of female-led funds in Australia lags the global average. Only 8% of Australia's funds management industry is run by women, lagging the global average of 12.5% ...

Senate passes landmark climate reporting and net zero authority laws

ROSE MARY PETRASS  |  FRIDAY, 23 AUG 2024  |  NEWS
... three-year period of modified liability with regulator-only enforcement for forward-looking statements will accompany this mandate, with major financial groups calling for no further extensions. The Net Zero Economy Authority (NZEA) Bill 2024 also passed ...

UK pension giant eyes Australian timber

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024  |  NEWS
Nest is establishing an evergreen timberland fund and has its sights set on opportunities in Australia. The $70 billion workplace pension fund has enlisted Campbell Global, J.P. Morgan Asset Management's timberland investment advisory company, to ...