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Standards boards unite for global rollout

ROSE MARY PETRASS  |  WEDNESDAY, 29 MAY 2024  |  NEWS
The International Financial Reporting Standards (IFRS) Foundation is working with the Global Reporting Initiative (GRI) to make their standards more compatible. The partnership between the IFRS - which oversees the International Sustainability Standards ...

Members beef up ESG checks

ROSE MARY PETRASS  |  TUESDAY, 19 MAR 2024  |  NEWS
A new report reveals that investors are keener than ever to secure their financial future by investing responsibly and will pull their money if their manager doesn't do so. A whopping 88% of Aussies expect their super, bank accounts, and other investments ...

Members shouldn't carry energy and housing

MICHELLE BALTAZAR  |  FRIDAY, 15 MAR 2024  |  NEWS
Fund members want their super funds to focus on risk-adjusted returns, not nation-building rhetoric, said Paul Schroder, chief executive at Australia's largest superfund with A$300 billion AUM. Speaking at the closing panel session of the Australian ...

Mind the gap: Women in ESG may earn more than broader finance

ROSE MARY PETRASS  |  MONDAY, 4 MAR 2024  |  NEWS
While the latest pay gap data shows the gender pay gap in financial services sits at 26%, parity in ESG roles may be closer than it appears at first glance. Australian gender pay gap data was made publicly available for the first time last week for ...

New Forests invests in Thai peat forest

RACHEL ALEMBAKIS  |  THURSDAY, 22 FEB 2024  |  NEWS
New Forests has invested in a 70,000-hectare block of peat swamp forest in Thailand as the first investment in its Tropical Asia Forest Fund 2 (TAFF2). New Forest's investment in the Kuan Kreng Landscape (KKL) in Thailand holds the country's ...

WEF to unlock US$2.8 tr clean energy investment in global majority nations

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
The World Economic Forum (WEF) has announced a new initiative to assist global majority nations accelerate clean energy investment solutions. The Network to Mobilize Clean Energy Investment for the Global South was founded in Davos this week to help ...

Podcast: Banking on the future with Australia's green bank

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
The Clean Energy Finance Corporation is Australia's green bank. Over the last 10 years, the CEFC has deployed more than ten billion dollars to invest in decarbonising Australia with an annualised cumulative return of 4.24%. But almost more importantly ...

Forestry fund raises $450m for natural capital

ROSE MARY PETRASS  |  MONDAY, 8 JAN 2024  |  NEWS
A global investment manager is targeting one million tonnes of carbon abatement over the next decade by harnessing Australia's natural capital. New Forests, manager of nature-based real assets and natural capital strategies, completed the first close ...

The rise and rise of ESG salaries

RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
Heads of sustainable/responsible investment can expect to see their pay packet surpass $500,000, according to recruitment agency Talent Nation. ESG professionals continue to be highly sought-after, outstripping supply "for the foreseeable future," Talent ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
After 36 hours of tense negotiations, the climate agreement for the first time calls on nations to "transition away" from fossil fuels - but does not explicitly call for a fossil fuel "phase out." The first UN Global Stocktake on climate has resulted ...
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