VicSuper joins Financial Inclusion Action Plan program
Jun23

VicSuper joins Financial Inclusion Action Plan program

VicSuper has joined 30 other Australian businesses in the Financial Inclusion Action Plan (FIAP) Trailblazer program. Last year, the federal government appointed Good Shepherd Microfinance to develop the FIAP program, and Good Shepherd Microfinance has partnered with EY and the Centre for Social Impact to design and implement the program. The FIAP Partnership Group estimates that reducing financial exclusion amongst Australians,...

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BNP Paribas Asset Management launches Environmental Equity Trust
Jun23

BNP Paribas Asset Management launches Environmental Equity Trust

BNP Paribas Asset Management Australia has launched the BNP Paribas Environmental Equity Trust. The trust is a “true to label” vehicle that is based on the investment thesis that “population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating significant investment opportunities as well as new risks for traditional portfolios.” “We are delighted to expand...

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PRI, Willis Towers Watson partner on megatrends and impact on financial system
Jun23

PRI, Willis Towers Watson partner on megatrends and impact on financial system

The PRI and Willis Towers Watson will collaborate on a project to produce a report on megatrends, their impact on the financial system and the risks and opportunities for investors in terms of asset allocation, portfolio management, integration and active ownership. PRI has commissioned Willis Towers Watson to write the report, which will involve conducting interviews and surveys with investors representing the PRI’s signatory base,...

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Will Australia adopt the Task Force on Climate-related Financial Disclosures recommendations?
Jun16

Will Australia adopt the Task Force on Climate-related Financial Disclosures recommendations?

The G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) is preparing its final recommendations, which will be presented to the G20 Leaders’ Summit in July. As the TCFD considers the final draft of the TCFD guidelines, stakeholders are considering the implications of the TCFD, their utility and how they will be integrated going forward. The TCFD is led by Michael Bloomberg. The TCFD’s draft...

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Pollinate Energy to open operations in fifth city – Kanpur
Jun16

Pollinate Energy to open operations in fifth city – Kanpur

Pollinate Energy, a social enterprise that provides affordable solar lighting to people in India’s urban slums, will open operations in its fifth city, Kanpur, Uttar Pradesh. Kanpur is an industrial city of 3 million people, where over 85% of the communities surveyed live without or with partial electricity, over 75% of electrified households report daily power cuts, and the average weekly income for families living in unelectrified...

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Acorns launches ethical investment portfolio option Emerald Portfolio
Jun16

Acorns launches ethical investment portfolio option Emerald Portfolio

Micro-investing app Acorns has launched a new ethical investment portfolio option. Acorns Australia customers can now select the Emerald Portfolio investment to the app, which is designed to meet environmental, social and corporate (ESG) governance standards. The option was developed following regular feedback from users. “Since launching Acorns in Australia more than a year ago, one of the greatest frustrations we increasingly hear...

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Carnegie Clean Energy to participate in global partnership to push Sustainable Development Goals
Jun16

Carnegie Clean Energy to participate in global partnership to push Sustainable Development Goals

Carnegie Clean Energy has been selected to participate in a program backed by the U.S. State Department and Unreasonable Group to focus on achieving the UN Sustainable Development Goals (SDGs). The U.S. State Department and Unreasonable Group have partnered to produce Unreasonable Goals, with the aim of “accelerating and achieving” the SDGs. Carnegie Energy has been selected to lead global business in achieving Goal 7 – affordable and...

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VicSuper launches updated Socially Conscious investment option
Jun09

VicSuper launches updated Socially Conscious investment option

VicSuper has launched a Socially Conscious investment option, which invests in companies based on a custom index tailored to take into account action on climate change and on social issues like human rights and labour rights. VicSuper has offered an Equity Growth Sustainability option since 2001, but recently 2017, the $17 billion fund relaunched it as the Socially Conscious investment option. The changes to the option were spurred by...

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