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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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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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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Sustainable Platform assesses database of companies against SDGs, performance
Jun09

Sustainable Platform assesses database of companies against SDGs, performance

A Perth-based organisation of academics and finance professionals have launched The Sustainable Platform, a searchable database of companies meant to assist companies in screening portfolios to absolute sustainability performance metrics. The SustainablePlatform.com was built to provide accurate and easy-to-use information for investors to understand which companies are meeting their own values and the SDGs,” said Dr Mark A. Andrich,...

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Sustainable Melbourne Fund, Victorian government to spread word on EUAs to SMEs
Jun02

Sustainable Melbourne Fund, Victorian government to spread word on EUAs to SMEs

The Sustainable Melbourne Fund and the Victorian government will collaborate on a program to educate small and medium enterprises on how to access environmental upgrade agreements (EUAs). EUAs are agreements between a building owner, local council and financier to finance environmental retrofitting projects. Under the terms, the building owner is advanced funds for the upgrade by the financier in exchange for having a new council...

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Investors decry decision by United States president to withdraw from Paris Agreement
Jun02

Investors decry decision by United States president to withdraw from Paris Agreement

Groups and institutional investors have condemned the decision by the president of the United States to withdraw the country from the Paris Agreement. “The Paris Agreement is key to providing the long term policy signals that investors need to best tackle climate change,” said Emma Herd, chief executive officer of the Investor Group on Climate Change (IGCC). “Without a clear, stable policy framework and shared goals to work towards,...

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