Directors, senior executives have obligation to consider climate change: Norton Rose Fulbright
Apr21

Directors, senior executives have obligation to consider climate change: Norton Rose Fulbright

Board directors and senior management must give proper consideration to the risks of climate change, “with a view to ensuring that these risks are incorporated into strategic decision making, and appropriate consideration is given to the need for disclosure of relevant financial-related risks,” Norton Rose Fulbright said. Risks that companies should consider include transitional, reputation and physical, Norton Rose said. Norton Rose...

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Majority of investors believe ESG-focused investment improve returns: SSgA
Apr21

Majority of investors believe ESG-focused investment improve returns: SSgA

A majority of investors based in Asia-Pacific said that integration of environmental, social and governance (ESG) strategies has “significantly improved returns,” according to a survey conducted by State Street Global Advisors (SSgA). SSgA performed a survey of 475 institutional investors, 39% of which were based in APAC – Japan, Singapore, Korea, Hong Kong, China and Australia. Of the APAC respondents, 70% said that ESG...

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ARENA commits $2.1 million to moveable SunSHIFT solar system
Apr21

ARENA commits $2.1 million to moveable SunSHIFT solar system

The Australian Renewable Energy Agency (ARENA) has committed $2.1 million of funding to deploy a moveable and modular solar system in New South Wales. ARENA’s recoupable funding support will aid in the deployment 1 MW of the “SunSHIFT” technology in Rutherford, NSW. ARENA has “supported the technology from inception to manufacturing and pilot scale demonstration through successive projects,” ARENA said. Laing O’Rourke developed the...

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Investa Commercial Property Fund Issues $100 million certified green bond
Apr21

Investa Commercial Property Fund Issues $100 million certified green bond

Investa Commercial Property Fund (ICPF) has issued a 10-year, $100 million Australian dollar green bond. The bond, which has a semi-annual fixed coupon of 4.25%, is rated A- by Standard and Poor’s and has been approved a Certified Climate Bond by the Climate Bonds Initiative. The proceeds will be used to retire existing deb facilities and will be fully allocated against a portfolio of low carbon buildings in the ICPF portfolio,...

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Challenges to Carbon Capture and Storage adaptation in Australia: Credit Suisse
Apr13

Challenges to Carbon Capture and Storage adaptation in Australia: Credit Suisse

Carbon Capture and Storage (CCS) is “high cost, undemonstrated, and faces key challenges – factors that are holding back widespread use in Australia, according to a report from Credit Suisse. Credit Suisse research analysts Sandra McCullagh and Zoe Whitton have written a report exploring the challenges and opportunities for CCS in Australia, finding that “finding suitable reservoirs and then safely monitoring the sequestration seems...

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