FS Sustainability

Data Centres should pay for clean energy: Poll

VINNY VUCAGO   Australians overwhelmingly believe data centre operators should be required to fund the renewable energy needed to power their rapidly growing operations, according to new polling commissioned by the Climate Council.

Podcast: The 1% solution

THE GREENER WAY   Can a relatively small commitment of 1% of annual revenue create measurable environmental outcomes, strengthen business performance and help companies embed sustainability into their long-term strategy?

Weak sustainability categorisation can institutionalise greenwashing: EDHEC

RIDDHIMA TALWANI   As the European Union reforms its Sustainable Finance Disclosure Regulation (SFDR), the EDHEC Climate Institute has warned weak or inconsistent standards could institutionalise rather than mitigate misleading sustainability claims.

US-based firms claim top spots in ASX remuneration ranking: ACSI

KARREN VERGARA   The chief executives of US-based companies are increasingly taking over the ranks of the highest-paid ASX bosses, as for the first time in the study's history, 50% claimed the top 10 spots in the Australian Council of Superannuation Investors' (ACSI) annual pay study.

Tokenisation can accelerate sustainability objectives: Northern Trust

MATTHEW WAI   Project Acacia identified significant economic growth opportunities with tokenised financial infrastructure in Australia, but the initiative extends further for those that are currently looking for more efficient ways to offset their carbon footprints.

Deloitte launches AI tool to measure value of sustainability

VINNY VUCAGO   Deloitte has launched a new framework and artificial intelligence (AI) powered platform designed to help organisations quantify the financial value of sustainable investments.

CEFC, Aviva Investors partner to afforest Tasmanian wetlands

RIDDHIMA TALWANI   The Clean Energy Finance Corporation (CEFC) is partnering with Aviva Investors and Gresham House to invest $142 million in sustainable forestry plantations in Tasmania.

Government pushes for First Nations ownership in renewable projects

RIDDHIMA TALWANI   The Department of Climate Change, Energy, the Environment and Water (DCCEEW) is adopting a pilot initiative to help First Nations communities benefit from Australia's clean energy future.

Morgans Financial boost commitment to rural Australia

MATTHEW WAI   Morgans Financial has deepened its relationship with Rural Aid to strengthen support for farmers and rural communities across Australia.

SS&C axes jobs, shifts roles offshore

RIDDHIMA TALWANI   US software services giant SS&C Technologies has slashed 170 Australian roles in the operations, technology and delivery teams.

Shareholders walk back on Macquarie climate transparency push

RIDDHIMA TALWANI   Around 18% of Macquarie shareholders have voted in favour of the resolution for the investment giant to disclose how its fossil fuel financing aligns with its commitment to the Paris Agreement.

Brookfield adds over 26GW with new acquisition

MATTHEW WAI   Brookfield Asset Management is acquiring Aypa Power, which comprises an enterprise value of approximately $10 billion (US$7bn), or $4.2 billion (US$3bn) in equity value.

CEFC names new chief executive

MATTHEW WAI   Clean Energy Finance Corporation chief investment officer of Rewiring the Nation Paul McCartney has been appointed the new chief executive for the group, effective September 18.

Campbell Global promotes new head of global acquisition

VINNY VUCAGO   J.P. Morgan subsidiary Campbell Global has promoted Michael Barbara to head of global acquisition.