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AI trumps climate as chief risk factor: economists

ROSE MARY PETRASS  |  WEDNESDAY, 21 FEB 2024  |  NEWS
Work on climate continues quietly in the background, while AI, geopolitical risk and the stickiness of inflation take centre stage. That's the takeaway from the Financial Standard annual Chief Economists Forum this week where Nicki Hutley, independent ...

Climate tech gets funding boost

ROSE MARY PETRASS  |  TUESDAY, 20 FEB 2024  |  NEWS
A swathe of climate-related technology firms have received the tick of approval from the federal government's Cooperative Research Centres Projects (CRC-P) Grants scheme. 21 projects involving 91 entities received grants to solve problems ranging from ...

FS Sustainability opens final voting round for ESG Power50

RACHEL ALEMBAKIS  |  MONDAY, 19 FEB 2024  |  NEWS
The countdown is on to name the 50 most influential ESG professionals working at ASX-listed companies in Australia as the final voting round of the 2024 ESG Power50 is now live. Readers of FS Sustainability along with FS Super - The Journal of Superannuation ...

Decarbonising aluminium key priority for Capral

RACHEL ALEMBAKIS  |  MONDAY, 19 FEB 2024  |  NEWS
Decarbonising aluminium's supply chain is a key business and industry aim for aluminium extruder and distributor Capral. Capral is Australia's largest aluminium extrusion business with 65,000 tonnes capacity, six manufacturing bases in Australia and ...

Global managers drop out, scale back on Climate Action 100+

RACHEL ALEMBAKIS  |  MONDAY, 19 FEB 2024  |  NEWS
The three global giant fund managers that are leaving or changing up their relationship with Climate Action 100+ were not lead investors on any Australian-based engagements, local organisers have confirmed. Last week, J.P. Morgan Asset Management and ...

China stock exchange rings in Year of the Dragon with ESG mandate

ROSE MARY PETRASS  |  FRIDAY, 16 FEB 2024  |  NEWS
The Chinese stock exchange will mandate a "double materiality" approach to sustainability reporting, covering governance, strategy, risk management, and metrics and targets. As the region celebrates the Lunar New Year, mainland China's three main stock ...

Rest selects Dasseti for ESG due diligence digitisation

RACHEL ALEMBAKIS  |  THURSDAY, 15 FEB 2024  |  NEWS
Rest Super has selected software provider Dasseti Collect to digitise and streamline ESG due diligence as well as wider operational functions. Rest will use Dasseti for both ESG due diligence and operational due diligence across its portfolio. Rest ...

UniSuper makes property allocation

RACHEL ALEMBAKIS  |  THURSDAY, 15 FEB 2024  |  NEWS
UniSuper has acquired a $260 million warehouse, logistics and manufacturing development site that will target a 5-Star NABERS energy rating upon completion. The auction of surplus land from Orica in Deer Park, Melbourne has the potential to accommodate ...

Queensland to boost clean economy

ROSE MARY PETRASS  |  THURSDAY, 15 FEB 2024  |  NEWS
The Sunshine State has introduced a new law to reduce greenhouse gas emissions, roll-out renewable energy and cut pollution. Premier Steven Miles introduced the Clean Economy Jobs Bill 2024 with a target of 75% below 2005 levels by 2035. The state's ...

Dramatic spike in votes against ASX remuneration: Georgeson

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024  |  NEWS
ASX300 companies saw almost double the number of shareholder votes against executive remuneration reports in 2023 compared to 2022, according to shareholder engagement and governance consulting firm Georgeson. There were 40 strikes against executive ...