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Showing 31 - 40 of 93 results for "Labor"

Carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022  |  NEWS
... would have opened the floodgates to further supplementary performance tests, to the detriment of product holders. Given that Labor has adopted these amendments, the faith-based carve out is dead, but never should have been proposed in the first place." ...

US Dept of Labor green-lights ESG integration

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022  |  NEWS
... climate change and other ESG factors in their investment processes, according to a rule change by the U.S. Department of Labor (DOL). The announcement comes as the Securities and Exchange Commission fines Goldman Sachs Asset Management over ESG research ...

Budget spotlights climate, gender and long-term development

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 OCT 2022  |  NEWS
... announced by Treasurer Jim Chalmers featured "hard decisions for hard times," but also fulfilled commitments announced by the Labor Party during its campaign. A total of $34.9 billion in climate-related spending over the next eight years was announced ...

Does Canberra's agenda align with sustainable investment?

RACHEL ALEMBAKIS  |  THURSDAY, 11 AUG 2022  |  NEWS
... Recently passed legislation to reduce carbon emissions 43% by 2030 in law is currently the most prominent example of the Labor government's new action on material ESG issues, but experts tell FS Sustainability that more is being done, even if it's ...

COP27 preview: loss and damage, action on commitments

RACHEL ALEMBAKIS  |  THURSDAY, 28 JUL 2022  |  NEWS
... Conference intended to continue work on issues left unresolved from COP26 in Glasgow. As part of that conference, Australia's new Labor government officially submitted its enhanced nationally determined contribution (NDC), which commits Australia to ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022  |  NEWS
... be applied and considered in the 2022/23 performance test. The draft legislation is the fulfilment of a promise made by Labor during the campaign. In April during the annual RIAA conference, then- Shadow Assistant Treasurer and Shadow Minister for Financial ...

Rising costs of carbon credit to impact offsetting strategies

RACHEL ALEMBAKIS  |  THURSDAY, 2 JUN 2022  |  NEWS
... should be clear on decarbonisation strategies and the role of offsets in that strategy. The recent election of the Australian Labor Party led by Anthony Albanese underlines the trajectory for Australia, Comley said. "The election will give people confidence ...

RIAA tapped to run TNFD consultation group

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2022  |  NEWS
... join the TNFD forum along with the UK, France and Switzerland. Parker said that RIAA expects this to continue under the new Labor government. "It was encouraging to see the activity that was going on under the previous Australian government and we'd ...

Labor victory likely to increase ACCU demand: CBA

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2022  |  NEWS
Demand for Australian Carbon Credit Units (ACCUs) is likely to rise as a result of Labor's victory in the federal election, according to CBA. With Anthony Albanese forming government, Labor will target a 43% reduction in greenhouse gas emissions from ...

Quinbrook "hopeful" over post-election renewable energy outlook

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2022  |  NEWS
... Infrastructure Partners cofounder David Scaysbrook says the firm is "the most hopeful they have been in a decade" over the new Labor government's emissions reductions commitments and the investment needed to achieve them. Labor has committed to cutting ...