The ANZ and National Australia Bank are the biggest Australian lenders to coal. Heading up the list for Australian investors in coal is Macquarie Group and Magellan Financial Group. The United States holds the most institutional investments in coal according to new NGO research into the world’s largest financiers and investors on the Global Coal […]
Fintech company Plenti (previously Ratesetter) spotted a gap in the market for renewable energy loans three years ago
Major Australian super funds are not walking the talk on climate action, with news emerging this week that Cbus, UniSuper, Hostplus, HESTA and AustralianSuper are all pouring billions into fossil fuel companies.
Climate change dominated discussions at this year’s traditionally conservative World Economic Forum but it remains to be seen how far business will go cutting carbon.
The Australian government has been accused of – literally – fiddling while the country burns but there has been a sea change in attitude among business leaders and investors, who are fast coming to grips with climate change.
Thirteen Australian super funds have been labelled responsible investment leaders in a report released late last week.
Loans for environmental upgrades have come a long way in the past 10 years. Owners can now enjoy one of three tailored products, including the Capital Fund, which becomes part of a developer’s capital stack, reduces cost and provides a greater return on equity.
The asset management arm of Macquarie Group, Macquarie Infrastructure and Real Assets (MIRA), has received another sizeable chunk of finance from the Clean Energy Finance Corporation for emissions reduction and energy efficiency projects across airports, electricity, port, rail, water and other infrastructure sectors. The state-owned corporation is investing $100 million towards projects targeting lower carbon […]
BRIEF: The increase in natural disasters in Australia is putting a strain on borrowers’ incomes and their ability to make mortgage repayments, according to Moody’s.
Australian households are doing their bit to cut the nation’s carbon emissions by adopting solar rooftop panels but not all of them are saving on their energy bills.
Our next economic growth phase must somehow deliver strong GDP growth, strong wages growth, and a huge reduction in economy-wide emissions. Can a low-carbon infrastructure investment spree deliver on all three?
The issuance of green bonds is higher now than ever before, but there are increasing concerns about transparency and whether they are really helping to improve the environment. In the second quarter of this year a total of $66.6 billion worth of green bond transactions took place: 164 transactions in all, according to Moody’s, who […]
The property sector is fast cottoning on to the power of green bonds and other sustainable financing mechanisms to create a more sustainable built environment, including the residential market.
“With risks to the world economy rising, there’s precious little appetite to discuss how the Paris objectives might drive short-term financial stability risks. That’s a problem if we want to achieve them.”
Has the rush to deliver Task Force on Climate Disclosure reporting opened the door for misleading corporate risk data?
When Nina James first looked at sustainability as a career change, it was one job, focused around environmental improvement.
The European Union has had a bit of a head start on Australia on greening its financial services sector.
Investa is laying claim to Australia’s first green loan for a $170 million facility that is globally recognised by the Climate Bonds Initiative.
SPECIAL REPORT: The world’s biggest asset manager, BlackRock, now aims to be a global leader in sustainable investing.
Planet Ark Power has jumped onto the opportunities for expansion through borrowing funds without needing to rely on real estate securities, thanks to Greenlend, the new clean energy funding platform from MarketLend. Robert Harley reports.
FINANCE: The British banking industry is gearing up to protect itself from the shocks of climate change and take advantage of the opportunities.
Investors who put their money into social and environmentally worthwhile projects aren’t looking back. They’ve enjoyed excellent returns – 13 per cent annually on a compound basis.
In what I regard as a timely real world experiment to test theories of what causes land values to inflate or deflate, house-prices have softened in most Australian capital cities in 2018.
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.
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.
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.
The theme of this year’s Ethical Investment Week is aptly titled Make an Impact.
For the Nightingale Housing people it was probably a bit of a risk – licensing a developer to run a project under its banner.
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 expand green investment, the deal has been labelled a disaster for renewable energy. The newly named Green Investment Group (GIG) – losing the term “bank” […]
Retrofit to Profit conference: Building Upgrade Finance works very well indeed as far as one building owner at Parramatta, west of Sydney, is concerned.