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Showing 1 - 10 of 54 results for "stranded asset"

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
Insurance leaders have reframed the challenge of climate risk as an opportunity, stating that physical risk from climate change is not the biggest challenge to insurance. Finity Consulting principal Rade Musulin and Swiss Reinsurance head of property ...

Climate minister identifies climate adaptation as key priority

RACHEL ALEMBAKIS  |  TUESDAY, 22 AUG 2023  |  NEWS
Investing in adaptation and resilience measures will build long-term economic stability, but there are barriers preventing private investment, particularly in high-risk regions. Assistant Minister for Climate Change and Energy Jenny McAllister identified ...

NGS tracking ahead on 2030 net zero pledge

RACHEL ALEMBAKIS  |  THURSDAY, 27 JUL 2023  |  NEWS
... they say, or, from a Woodside/Santos perspective, that was less about meeting this carbon target and ore about stranded asset risk." NGS Super has moved many of their equity mandates to low carbon mandates, Squires said. "There is a real focus on the ...

Stewardship part of fiduciary role and investment opportunity: BNP Paribas AM

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 JUL 2023  |  NEWS
BNP Paribas Asset Management's (BNPP AM) stewardship activities in Asia Pacific focus on the global aims of energy transition, environmental sustainability and equality and inclusive growth, according to the head of stewardship, Asia Pacific. Jane ...

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
Companies need to address their Scope 3 emissions and sustainability claims for greenwashing, ahead of new Safeguard Mechanism rules. With Safeguard Mechanism reforms set to come into effect on July 1 for the hard-to-abate sector of industrial emitters ...

Australian Ethical divests from Lendlease over koala concerns

RACHEL ALEMBAKIS  |  TUESDAY, 14 MAR 2023  |  NEWS
... scattered paddock trees to move, for example, so degraded rural blocks still support vulnerable ecosystems. "There is a stranded asset risk for developers that own sites in the same category." Richman said there needs to be a "fundamental change in approach" ...

Australia leads on climate risk coverage, but depth lacking: EY

RACHEL ALEMBAKIS  |  THURSDAY, 20 OCT 2022  |  NEWS
... through the detail. I think others like retail and construction and so on haven't really faced up to some of the stranded asset risk or the physical risks and they're lighter on the detail in terms of understanding how it's a near term and long-term ...

NGS Super divests from oil and gas producers

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
... its portfolio to meet the 2030 target. In May the fund flagged that it would divest from stocks that they deem a stranded asset. "We didn't [divest] in 2021 off the back of our initial establishment of the target because the overall research we needed ...

HESTA first super fund to oppose AGL demerger

RACHEL ALEMBAKIS  |  THURSDAY, 26 MAY 2022  |  NEWS
Industry super fund HESTA will vote against a proposed demerger of energy utility AGL, becoming the first super fund to state their proxy voting intentions in public. HESTA said it has engaged with AGL and decided to vote against the demerger, as reported ...

NGS Super to reduce emissions 35% by 2025

RACHEL ALEMBAKIS  |  THURSDAY, 12 MAY 2022  |  NEWS
... NGS Super CIO Ben Squires said. As part of this strategy, NGS Super is flagging assets that the fund deems as a stranded asset for assessment and divestment. "Timing of divestment from these companies will vary, but we've committed to have no stranded ...
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