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Subsidiaries must comply with Aussie regime

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
Inbound Australian subsidiaries of international groups must comply with the Australian Sustainability Reporting Standards (ASRS), even if they already make disclosures under foreign regimes, EY finds. Alexandra Banks, partner at EY, climate change ...

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 ...

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 ...

New framework for investors to navigate AI released

ELIZA BAVIN  |  MONDAY, 29 APR 2024  |  NEWS
Alphinity Investment Management (Alphinity) and CSIRO have released a responsible AI (RAI) framework and actionable toolkit to help investors navigate the accelerating AI opportunity. The Intersection of Responsible AI and ESG: A Framework for Investors ...

J.P. Morgan vows $2.5 tn for sustainable development

ROSE MARY PETRASS  |  WEDNESDAY, 24 APR 2024  |  NEWS
The US banking giant will bolster its sustainable development financing through to the end of the decade, including $1 trillion for green initiatives. J.P. Morgan Chase & Co estimates that the allocation of capital needed to fund the net zero transition ...

Australian Ethical reaches $10 bn FUM

ROSE MARY PETRASS  |  MONDAY, 22 APR 2024  |  NEWS
The ethical investor saw a 7% rise in funds under management to $10.33 billion for the March quarter on the back of new members and cash inflows into its superannuation arm. Australian Ethical is an investment manager with over $10.0 billion in funds ...

ISPT issues $1.5bn sustainably linked loan facility

ANDREW MCKEAN  |  MONDAY, 22 APR 2024  |  NEWS
Industry Super Property Trust (ISPT) has issued a $1.5 billion sustainably linked syndicated term loan that is reportedly one of the largest for any Australia real estate fund manager. The facility is evenly split across five and seven-year tenors and ...

New fintech partnership tracks carbon

ROSE MARY PETRASS  |  FRIDAY, 19 APR 2024  |  NEWS
A carbon tracker and an AI engagement platform for financial institutions have joined forces to provide climate-conscious spending solutions. Cogo will track carbon emissions for clients of Personetics, a global firm with over 130 bank partnerships ...

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
Climate Energy Finance (CEF) says buildings are the "low-hanging fruit" that make up the lion's share of the big four banks' sustainable finance target (SFT) of $385 billion by 2030 - while just 7% flows to financing clean energy and hard-to-abate sectors. ...

Aware Super appoints ESG, product and insurance heads

ELIZABETH FRY  |  THURSDAY, 18 APR 2024  |  NEWS
Aware Super's real estate arm has hired a new executive to lead its ESG effort. Emma Thomas is Head of ESG at Aware Real Estate which manages the superannuation fund's directly owned Australian property portfolio. Thomas is responsible for ESG ...
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