Finance

green economy investment illustration

“Unprecedented” numbers of investors call for climate action

A global coalition of 288 institutional investors with $26 trillion (AU$34.1 trillion) in assets under management, including 23 Australian investors with close to $2 trillion in assets, have issued a call to leaders at the G7 meeting in Canada this week to step up action on climate change.

ASX

Alphinity adds to sustainable investment options with SDG principles

Elaine Prior, the highly regarded former ESG analyst with Citigroup, and Mark Lyster, who has also forged a well-regarded track record in sustainability, have been appointed advisers to a new Australian-based investment fund that will aim to abide by the principles of the UN Sustainable Development Goals.

Impact investment moves into new sectors

You can now buy a bond in the UK that will reward you for prisoners who don’t re-offend. It’s called the Peterborough social impact or prison bond.

Eiffel Tower greenery

French REIT’s loan terms linked to sustainability performance

French real estate investment trust Gecina has inked a “sustainability performance-linked loan” with ING France for €150 million, with pricing dependant on how it performs on the Global Real Estate Sustainability Benchmark.

MacBank’s purchase of British Green Investment Bank is still controversial

When Macquarie Bank bought the UK’s Green Investment Bank it ignited a storm of opposition. There was doubt the Aussie bankers would uphold the original ambitions of the GIB, because these ambitions are not sufficiently protected. That’s certainly the conclusion of an investigation by British MPs on the UK House of Commons Public Accounts Committee.

building sky

WA industry in push for building upgrade finance

Vacancy rates are hitting Western Australia hard so the City of Perth and Property Council are pushing for changes to the state’s Local Government Act to enable building upgrade finance (BUF), in a move designed to improve underperforming stock.

NAB in residential green bond first

National Australia Bank has launched a $2 billion residential mortgage-backed bond that, for the first time in Australia, includes $300 million of mortgages that meet the Climate Bonds Standard for low-carbon residential buildings.

cafe youth working finance

Ethical investing hits “inflection point”

The growth of ethical investing, locally and globally, shows no signs of slowing down as the knowledge that there is no financial penalty – rather benefits – becomes well understood.

CEFC announces massive $200m retail efficiency play

The Clean Energy Finance Corporation’s first major foray into the retail sector will see a massive $200 million invested into institutional fund manager QIC’s Global Real Estate flagship Shopping Centre Fund (QSCF).