Finance

New Zealand going big on green bonds

New Zealand energy gentailer Contact Energy recently launched the first Climate Bond- certified Green Borrowing Program in NZ in a move that promises to kick start a new arm to…

Macquarie finalises UK green bank purchase

Australian-owned Macquarie Group has completed the acquisition of the UK Green Investment Bank from the British Government for a price of £2.3 billion (AU$3.7b). However, despite the company’s pledge to…

Shareholders drag CommBank to court over climate change failure

Amid accusations of repeatedly breaching money laundering laws that may have led to the funding of terrorism, the Commonwealth Bank has found itself in yet another saga, now being dragged to court by angry shareholders for failing to adequately disclose climate change risk.

Superannuation companies risk legal action over woeful climate disclosure

Most large Australian superannuation companies have provided no, or inadequate, evidence that they’ve considered climate risk in their investment portfolios, putting trustees at risk of legal action, according to a new legal opinion released today by Noel Hutley SC and James Mack.

ANZ bank, NAB bank

Banks get set to shine a light on their dark and bright places

ANZ and NAB are among 11 banks that have committed to better understanding and disclosing the climate-related risks and opportunities of their investment portfolios. In total, the banks represent over $8.5 trillion in capital.

Brisbane’s CitySmart and Incorp make EUAs look easy

Analysis: Environmental Upgrade Agreements were always a brilliant idea. A way to fund sustainability upgrades with the cost paid back as part of council rates. The tenant saves money on…

Why we’re in the midst of a green finance boom

Loans to finance low and zero-carbon projects in the built environment have traditionally been difficult to obtain, but that is changing with the rise of green banks and the spread…

A financial solution to power energy efficiency

Ecosave has doubled in size since November last year, growing staff from 11 to 23. Here founder Marcelo Rouso explains why. Marcelo Rouco reckons he’s been ahead of time for…

Explainer: the rise of social impact investing

Governments, communities and industries are grappling with issues such as climate change, inequality and social justice – and how to mobilise more funding to tackle these issues. One possible solution…

Investors willing to pay premium for green bonds

A $50 million climate bond issued by financial services group FlexiGroup has attracted strong investor participation, even with a yield 0.03 per cent lower than a similar class bond without…