FS Sustainability

Australian banks fail to manage financed deforestation: Report

MATTHEW WAI   Latest findings identified mortgages provided by major banks are contributing to deforestation, with just one bank having made a 'No deforestation' commitment.

AGL mulls sale of Tilt Renewables

JAMIE WILLIAMSON   AGL Energy has confirmed it is considering selling its 20% stake in the wind and solar energy generator.

Australia progresses climate transition disclosures, planning

KARREN VERGARA   Australia is showing progress with disclosing and adopting its clean energy transition initiatives as investors' demand for credible emissions reduction strategies grows, a study from MSCI shows.

Equity Trustees fined by ASIC

JAMIE WILLIAMSON   Equity Trustees was fined nearly $60,000 by the regulator for making misleading statements about the holdings of a sustainable bond fund.

Australia's sustainable finance taxonomy launches

KARREN VERGARA   The Australian Sustainable Finance Institute (ASFI) has launched the nation's sustainable finance taxonomy and will be trialled by the likes of HESTA, Rest, Westpac and Moody's Ratings.

Santos receives takeover offer from Abu Dhabi-led consortium

ANDREW MCKEAN   Santos has received a non-binding $8.89 per share cash offer from the XRG Consortium, led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company (ANDOC), alongside Abu Dhabi's sovereign wealth fund ADQ and US private equity firm Carlyle.

Funding lifts for climate, health, people startups

KARREN VERGARA   While funding for impact startups has broadly declined, those operating in climate, health and people has seen funding levels improve compared to three years ago, according to the Impact Startups Benchmark Report 2025.

Landmark greenwashing case against Energy Australia comes to an end

JAMIE WILLIAMSON   A landmark greenwashing case against Energy Australia was discontinued this week after the provider reportedly reached a settlement with Parents for Climate.

HESTA progresses gender diversity targets

JAMIE WILLIAMSON   HESTA is doubling down on its commitment to working with more gender diverse investment teams, saying that as of this year it no longer works with any all-male external managers.

Australia ranks 13th on gender parity

JAMIE WILLIAMSON   The World Economic Forum's Global Gender Gap Report 2025 shows Australia's gender parity has improved markedly in the past 12 months.

La Caisse ups climate investment targets

KARREN VERGARA   La Caisse is ambitiously aiming to have CAD $400 billion ($454bn) worth of climate action investments in its portfolio by 2030.

Perennial Partners expands sustainable offerings

MATTHEW WAI   Perennial Partners is buying a majority stake in Melior Investment Management and will take over management of its flagship impact fund.

Green moves: Australian Shareholders' Association, Cbus

ELIZABETH FRY  |    6:00AM   Cbus has hired for a key ESG role, while the lobby group is welcoming a recruit for its advocacy committee.

Green moves: JPMorgan, T. Rowe Price

ELIZABETH FRY   Airtrunk lands a renewables specialist, JPMorgan hires from Amazon, and T. Rowe Price promotes an impact executive.