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AI poses serious governance risk

MICHELLE BALTAZAR  |  FRIDAY, 15 MAR 2024  |  NEWS
Super funds could be left footing the bill of listed companies that are quick to adopt artificial intelligence (AI) systems but slow to grasp the governance risks when the technology fails. Professor Nicholas Davis, a leading academic on emerging technologies ...

AI trumps climate as chief risk factor: economists

ROSE MARY PETRASS  |  WEDNESDAY, 21 FEB 2024  |  NEWS
Work on climate continues quietly in the background, while AI, geopolitical risk and the stickiness of inflation take centre stage. That's the takeaway from the Financial Standard annual Chief Economists Forum this week where Nicki Hutley, independent ...

Could the anti-woke movement take hold in Australia?

ROSE MARY PETRASS  |  THURSDAY, 11 MAY 2023  |  NEWS
Industry leaders have delivered a stark warning to Australian companies and government to ensure that workers are not left behind in a just transition to net zero - or risk the kind of political polarisation and populism that has given rise to the "anti-woke" ...

Testing ESG impacts on US pension fund returns

RACHEL ALEMBAKIS  |  THURSDAY, 9 FEB 2023  |  NEWS
... Security Act of 1974 (ERISA) Administrative Procedure Act, and that the rule departs from policy put in place by the previous Trump administration ruling that required that financial factors take precedence over nonfinancial or nonpecuniary factors. ...

US states sue Biden administration over "woke" ESG rules

RACHEL ALEMBAKIS  |  TUESDAY, 31 JAN 2023  |  NEWS
... Security Act of 1974 (ERISA) Administrative Procedure Act, and that the rule departs from policy put in place by the previous Trump administration ruling that required that financial factors take precedence over nonfinancial or nonpecuniary factors. ...

US Dept of Labor green-lights ESG integration

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022  |  NEWS
... other ESG considerations," according to the DOL. This announcement from the DOL reversed two rules issued in 2020 under the Trump administration that constrained plan fiduciaries by warning them against integrating ESG and climate change factors on the ...

Investment in low-carbon energy infrastructure on the rise

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 AUG 2022  |  NEWS
... Renewable and Sustainable Energy and Infrastructure practices at Vinson & Elkins. "You don't see any slowdown during the Trump administration, and this trajectory of building at pace in commercial and industrial and, wind, utility scale solar continues ...

APAC investors ahead of North America on climate action: PGIM

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
... that stuck out is the fact that regulatory regimes are quite different." Klausner pointed to the chilling effect of the Trump-era Department of Labor issuing a memo to ERISA-regulated pension funds - predominately corporate pension funds - warning them ...

Biden inauguration brings climate challenge for Australia

RACHEL ALEMBAKIS  |  THURSDAY, 21 JAN 2021  |  NEWS
... that the US will step up in its commitments to decarbonise its economy as with other participants. Former President Donald Trump had removed the US from the Paris Agreement. The return of the US to the Paris Agreement process means that approximately ...

Climate change, SDG impacts of US election

RACHEL ALEMBAKIS  |  FRIDAY, 13 NOV 2020  |  NEWS
... others, Petersen said. Petersen cited specific commitments that Biden has made to roll back decisions made by President Donald Trump, as well as a new tone in foreign relations, but Petersen also noted that the language deployed by Biden around economics ...
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