APRA calls for stress-testing of climate change risks in regulated entities
Feb17

APRA calls for stress-testing of climate change risks in regulated entities

The Australian Prudential Regulation Agency (APRA) will emphasise to regulated entities that they should conduct stress testing for “organisational and systemic resilience in the face of adverse shocks” from climate risk. Speaking to the Insurance Council of Australia Annual Forum in Sydney, Geoff Summerhayes, executive board member, spoke of APRA’s evolving view on climate risks as part of the agency’s “broader approach to prudential...

Read More
Climate Bonds Initiative CEO speaks on 2017 green bond market outlook
Feb17

Climate Bonds Initiative CEO speaks on 2017 green bond market outlook

Australia should become a centre of excellence in the design, and implementation of green finance based on its ability to create reporting and methodology systems such as the National Australian Built Environment Rating System (NABERS), according to Sean Kidney, CEO of the Climate Bonds Initiative. “Let’s face it, we are filthy rich in Australia, we should be using our resources to get it right and get things done and then share that...

Read More
CEFC provides $54m to Genex for North Queensland large-scale solar farm
Feb17

CEFC provides $54m to Genex for North Queensland large-scale solar farm

The Clean Energy Finance Corporation (CEFC) has invested AU$54 million in a large-scale solar development in North Queensland. The CEFC has provided $54 million in debt finance to Genex Power for the development of the Phase One 50MW large-scale solar farm at its Kidston Renewable Energy Hub, 270km north west of Townsville. The solar farm is expected to lead to the Phase Two development of a pumped hydro storage project on the same...

Read More
CEFC invests $75m in new Palisade Investment Partners fund
Feb10

CEFC invests $75m in new Palisade Investment Partners fund

The Clean Energy Finance Corporation (CEFC) has committed AU$75million as cornerstone investor into a new specialist renewable energy fund managed by Palisade Investment Partners. The Palisade Renewable Energy Fund (PREF) is seeking to invest as much as AU$500 million in new investment to clean energy projects. PREF already has three assets in the portfolio – the Waterloo and Hallett 1 wind farms in South Australia, and the $225...

Read More
Australian Ethical Investments join Principles for Positive Impact Finance
Feb03

Australian Ethical Investments join Principles for Positive Impact Finance

Australian Ethical Investments and Westpac Bank have signed on to the newly launched Principles for Positive Impact Finance, a new set of criteria to assess the impact of sustainable investments. Australian Ethical and Westpac are both members of the working group that developed the four principles, which are a prelude to the development of a framework to measure and create a set of guidance around environmental and social impact....

Read More
Putting Sustainable Beef on the Table
Feb03

Putting Sustainable Beef on the Table

Ed note: The Sustainability Report is pleased to present this article from Katherine Christ of the University of South Australia and Roger Burritt of the Australian National University Dr Katherine Christ and Professor Roger Burritt On the 11 of January in a move likely to be praised by sustainability advocates such as members of the Global Roundtable for Sustainable Beef, the Red Meat Advisory Council released a draft sustainability...

Read More
CEFC invests $150m in solar projects in regional NSW
Feb03

CEFC invests $150m in solar projects in regional NSW

The Clean Energy Finance Corporation (CEFC) has invested AU$150 million to three solar projects in regional New South Wales. The three large-scale solar farms will be built in Dubbo, Parkes and Griffith in regional New South Wales, and have a total value of $230 million. They are the first three projected to receive debt finance under the CEFC’s large scale solar financing program, and collectively are the CEFC’s most substantial...

Read More
Bribery and corruption cited as sustainability engagement theme for 2017
Jan27

Bribery and corruption cited as sustainability engagement theme for 2017

Bribery, corruption, and pushing for increased corporate transparency are themes cited by sustainability and engagement specialists as key themes for 2017. In looking ahead to the issues that may come to the forefront for investment and corporate sustainability purposes, professionals told The Sustainability Report that investors will continue to engage with companies over a variety of issues in 2017. Susheela Peres da Costa, deputy...

Read More