Finance

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.

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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).

Call for ethical super grows into a major chorus

Ninety per cent of Australians expect their super to be invested ethically, and 80 per cent would consider switching funds to more aligned providers, according to new research from the Responsible Investment Association Australasia.

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.