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Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
... billion in combined fund flows have been moved into SFT's by Australia and New Zealand Banking Group (ANZ), National Australia Bank (NAB), Commonwealth Bank of Australia (CBA), and Westpac. CBA's target is $70 bn by 2030. It's current allocations to ...

Aware Super appoints ESG, product and insurance heads

ELIZABETH FRY  |  THURSDAY, 18 APR 2024  |  NEWS
... industry funds and the standalone corporate employer segment. Before this, Evans held various roles with MLC, National Australia Bank and Accenture. MLC was NAB's insurance and wealth management division. At the big four lender, he led the direct ...

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 ...

Philanthropic donations under scrutiny

ROSE MARY PETRASS  |  THURSDAY, 4 APR 2024  |  NEWS
... Unity. No campaign groups received more than $25m and spent more than $20m. Australians for Unity, incorporated from Fair Australia, spent $11.1m. Advance spent $10.3m, despite receiving $1.3m in donations during the reporting period. No advocate Clive ...

Indigenous communities reunited with $25m in lost super

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2024  |  NEWS
... financially empower all First Nations Australians," Usher said. "Considering this and our unique position as the only national Indigenous-led financial education provider, we are committed to expanding our community outreach and maintaining strong partnerships ...

Fund managers "eagerly" await green Treasury bond

ROSE MARY PETRASS  |  MONDAY, 25 MAR 2024  |  NEWS
Commonwealth Bank of Australia, Deutsche Bank, National Australia Bank, UBS AG Australia Branch and Westpac Banking Corporation have been appointed as Joint Lead Managers (JLMs) for the initial public offering of the first June 2034 green Treasury bond. ...

Greenwashing remains a priority: ASIC

MICHELLE BALTAZAR  |  MONDAY, 18 MAR 2024  |  NEWS
... what they've said [to their customers]?" In a later panel discussion, Philip Chronican, chair of the National Australia Bank (NAB) and non-executive director at Woolworths, picked up the debate by posing the unintended consequence of a regulatory ...

Canberra funds $111m EV transition

ROSE MARY PETRASS  |  MONDAY, 11 MAR 2024  |  NEWS
... past year to 5.4% of all new cars sold, with hybrids contributing a further 10.9%. The government is set to institute a national fuel efficiency standard from January 2025 that will require manufacturers to raise average car fuel efficiency every year ...

ESG indices linked to Myanmar junta

ROSE MARY PETRASS  |  THURSDAY, 7 MAR 2024  |  NEWS
... and military supplies to the regime after the military coup in Feb 2021. The complaints were submitted by IDI to the National Contact Points for Responsible Business Conduct, government offices tasked with handling allegations of non-compliance with ...

New Forests invests in Thai peat forest

RACHEL ALEMBAKIS  |  THURSDAY, 22 FEB 2024  |  NEWS
... important part of Thailand's natural environment." The groups involved in this project include the Department of National Parks, Wildlife and Plant Conservation and other relevant organisations. Restore Nature is supported by RECOFTC, an international ...
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