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Showing 1 - 10 of 330 results for "banks"

New fintech partnership tracks carbon

ROSE MARY PETRASS  |  FRIDAY, 19 APR 2024  |  NEWS
... partnerships, allowing clients to understand carbon footprint based on spending patterns. The fintech currently works with 20 banks across 12 countries and plans to double this figure over the next year. Its clients include Westpac, Commonwealth Bank ...

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. ...

Social impact groups bolster leadership

ROSE MARY PETRASS  |  MONDAY, 15 APR 2024  |  NEWS
International Justice Mission (IJM), the world's largest anti-slavery organisation, has appointed a new Australian CEO. Plus: award-winning sustainable fashion house The Social Outfit gets new head of impact. David Braga has been appointed to lead ...

DEI winner takes home top prize

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
A social enterprise that employs refugee and migrant women has won the National Banksia Award; it's the first time a nomination in the DEI category has taken out the top sustainability prize. The fashion house The Social Outfit provides employment and ...

Borrowers pressured for plans as Scope 3 left in dust

ROSE MARY PETRASS  |  MONDAY, 8 APR 2024  |  NEWS
... season and AGM's are well underway, with shareholder resolutions at large listed companies increasingly focusing on climate. Banks and asset management firms are facing pressure to publicly disclose their proxy voting records on climate-related shareholder ...

Members beef up ESG checks

ROSE MARY PETRASS  |  TUESDAY, 19 MAR 2024  |  NEWS
... contributing to human rights abuses (48%) or climate change (48%). On the environment front, net zero looms large: 76% want their banks and funds to make formal commitments to net zero by 2050. Human rights are also a key concern, with 89% saying they ...

Climate group exodus unlikely to hinder climate action: IGCC

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
Invesco is the latest departure from the Climate Action 100+ network, as four major US banks leave climate benchmark group the Equator Principles. Insiders insist the news has been sensationalised by the media and that more firms are joining than are ...

Gender-based strategy gives impact investing a boost

ROSE MARY PETRASS  |  TUESDAY, 5 MAR 2024  |  NEWS
... said impact investors can benefit from providing funds to women, who are "typically ignored" by traditional lenders such as banks. "We have seen the powerful effects of linking ethically minded investors in Australia with women-led businesses in our ...

ASX 200 lacks sourcing transparency

ROSE MARY PETRASS  |  MONDAY, 4 MAR 2024  |  NEWS
... Within the ASX 200 list, some entries were mutual or exchange-traded funds affiliated with financial institutions such as big banks. Betashares, Vanguard, Magellan, and the Commonwealth Bank had multiple funds listed on the ASX - with 5, 6, 3, 3, and ...

SIX launches share platform for investors, activists

RACHEL ALEMBAKIS  |  THURSDAY, 8 FEB 2024  |  NEWS
... $9.90 and Verwey said trade costs are "in the middle" for industry standards. "It will be more cost competitive than the big banks are," Verwey said. "Our users are likely going to be coming from a big bank broker or they're going to be trading for ...
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