Archive

HESTA: Divestment remains last resort for four climate 'watchlist' firms

HESTA said divestment on climate grounds from four energy firms it has warned of intensified engagement is its option of last resort - but remains possible if their response to engagement is "insufficient".

HESTA warns four energy firms of potential climate-related divestment

HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.

Australia's AGL Energy ditches coal demerger

Norwegian oil fund exits stakes in 12 firms on ESG concerns

The giant Norwegian oil fund has excluded a dozen companies from investment due to environmental, social, and governance (ESG) concerns, including mining giants such as Anglo American, Glencore and Vale in which it was a major shareholder.

Sustainalytics report shows ESG risks for Australian equity investors

Environmental, social and governance (ESG) research provider Sustainalytics has assessed areas in the Australian sector including energy and climate policy, and human rights in the supply chain.

TPI plans new index to accelerate low-carbon transition

The Transition Pathway Initiative (TPI) – an asset-owner led initiative backed by more than $9.3 trillion in assets – plans to create a new, global, low-carbon equity index.

First State discloses carbon risk - but rejects footprinting

First State Investments (FSI) has for the first time disclosed its exposure to climate risk

AGL Energy launches A$3bn renewables fund

Just a week after it exited the gas sector, Australia's AGL Energy announced plans to launch an A$3 billion ($2.1 billion) renewables fund, as part of its strategy to realign to a "cleaner future".

Australia's largest solar project reaches financial close

A solar project, set to be the largest in the southern hemisphere, has reached financial close after securing extra funding from the Australian government.

A$529m refinancing catalyses wind farm sale

Australia's clean energy fund and a consortium of banks have invested A$529 million (US$486 million) to refinance Meridian Energy's 50% holding in the southern hemisphere's largest wind farm, paving the way for Meridian to sell its stake.