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ASIC consults on guidance for carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 8 MAY 2024  |  NEWS
The corporate regulator will update guidance for carbon market participants in relation to the Australian financial services (AFS) licensing requirements. The Australian Securities and Investments Commission (ASIC) proposed an overhaul of its regulatory ...

BlackRock-Temasek closes at US$1.4 bn

ROSE MARY PETRASS  |  MONDAY, 6 MAY 2024  |  NEWS
Two of the world's biggest investors have joined forces to fund private companies making waves in decarbonisation and the net zero economy. BlackRock and Temasek reached a final close of US$1.4 billion for their late-stage venture capital and growth ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024  |  NEWS
Most asset owners estimate that poor investment governance could increase portfolio costs by 1% or more annually, according to a joint report by KPMG and Frontier Advisors. The report, which surveyed 22 asset owners in the local investment industry ...

Men, women in same occupation drive pay gap

KARREN VERGARA  |  MONDAY, 6 MAY 2024  |  NEWS
A whopping 80% of the gender pay gap can be attributed to women being paid less than men within the same occupation, a new economic analysis shows. After analysing tax data, economic research organisation E61 Institute compared men and women of similar ...

Companies warned to disclose nature risks

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
Organisations must assess their nature-related dependencies, impacts, risks, and opportunities and disclose their findings to all stakeholders. Nature-related dependencies pose material financial risks for organisations, Tony Goldner, executive director ...

Younger members drive demand

MICHELLE BALTAZAR  |  THURSDAY, 2 MAY 2024  |  NEWS
UniSuper lifted the veil on the appeal of sustainable investment options to the fund's younger members at the RIAA conference on Thursday. In a remarkable sign of transparency in front of its peers, UniSuper chief executive Peter Chun shared member ...

On biodiversity, a 143-year-old museum comes to the rescue

MICHELLE BALTAZAR  |  THURSDAY, 2 MAY 2024  |  NEWS
In the quest for impeccable biodiversity data, a trillion-dollar fund manager found an unlikely partner in a 143-year-old museum best known for 'Dippy', the dinosaur. At the RIAA conference yesterday, a panel was assembled to talk about the ...

Disability inclusion is a financial issue

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
Following the ramping up of focus on gender, racial and ethnic, and LGBTQI+ inclusion in organisations, disability inclusion has emerged as the missing puzzle piece in the campaign for better diversity, equity, and inclusion (DEI). There are 4.4 million ...

Greenwashing crackdown will boost ESG fund flows: ASIC

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
Corporate watchdog chair Joe Longo has underlined the regulator's hardline approach and said compliance leads to more profitability. Responsible investors must ensure their products are true-to-label in order to avoid greenwashing, the Australian ...

Active ownership is the new sheriff in town

MICHELLE BALTAZAR  |  WEDNESDAY, 1 MAY 2024  |  NEWS
Prepare to be dazzled - or bulldozed, as the case may be - as sustainable investing goes through a whirlwind transformation in the next six years, says the chief executive of the nation's third-largest super fund. Speaking at the Responsible Investment ...
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