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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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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Sustainable Development Goals present “enormous opportunity” for business
Apr13

Sustainable Development Goals present “enormous opportunity” for business

The Sustainable Development Goals (SDGs) represent an enormous opportunity for companies to deliver sustainable solutions, and identifying new opportunities should be a key reason for business involvement in the SDGs, according to Alice Cope executive manager, UN Global Compact Network Australia. Cope recently spoke during a webinar organised by MSCI to Australia’s approach regarding the SDGs. MSCI recently released a report...

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Morphic Ethical Equities Fund has exceeded minimum target for IPO
Apr13

Morphic Ethical Equities Fund has exceeded minimum target for IPO

The Morphic Ethical Equities Fund Limited has exceeded its minimum target of $38.5 million, ahead of its IPO later this month. Morphic Asset Management is the Morphic Ethical Equities Fund Limited (MEC), a new ethically screened global equity LIC. Morphic combines ethical screens with an investment strategy focusses on growing wealth over the long-term by generating returns in excess of the benchmark over a full investment cycle, at...

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PIMCO launches ESG Global Bond Fund in Australia
Apr13

PIMCO launches ESG Global Bond Fund in Australia

PIMCO has launched the PIMCO ESG Global Bond Fund in Australia, as part of a global, dedicated environmental, social and governance investment platform. The PIMCO ESG Global Bond Fund is the firm’s first dedicated ESG fund offered to Australian clients. “Sustainable investing is increasingly an important focus for many of our clients, yet there is a shortage of compelling ESG-oriented fixed income solutions available to investors,”...

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Experts discuss impact of Taskforce on Climate-related Financial Disclosures guidelines
Apr07

Experts discuss impact of Taskforce on Climate-related Financial Disclosures guidelines

In the wake of public statements by the Australian Prudential Regulation Agency (APRA) regarding stress testing of climate risks by regulated entities, and give the consultation process to develop the draft recommendations by the Taskforce on Climate-related Financial Disclosures (TCFD), companies and stakeholders such as investors should consider the information that should be disclosed to give a view of climate risks and...

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