Money Management: The Morningstar ESG Commitment Level Landscape report qualitatively evaluated 108 asset managers across the globe.
ASIC: ASIC has lodged civil penalty proceedings in the Federal Court against Vanguard Investments Australia, alleging misleading conduct in relation to claims about certain environmental, social, and governance (ESG) exclusionary screens applied to investments in a Vanguard fund.
Australian Securities & Investments Commission: Greenwashing erodes investor confidence in the market for sustainability-related financial products and corporate strategies.
Financial Standard: Aware Super and HESTA are among those to back Palisade Investment Partners' newly established renewable energy platform, combining five of its operational renewable energy assets.
Financial Standard: Looking at the statement provided to Longo, the committee said: " ... the investigation found that many of the instances of [Chester's] alleged conduct could be wholly or partially substantiated as to the fact that specific things occurred, although in many cases recollections differed about specific conduct and substance and significance."
Mondaq: In 2023, we expect environmental, social and governance (ESG) concerns to be a driving force in M&A and divestment activity, particularly as pressure mounts for carbon-intensive oil companies to rationalise their portfolios.
BNN Bloomberg: Australian pensions giant UniSuper Management Pty’s fossil fuel investments have edged higher even as the fund faces heightened pressure to divest from the industry.
BNN Bloomberg: A paper from researchers at Audencia, the Auckland University of Technology and the University of Adelaide found that when investors were feeling pessimistic or depressed, they made greater investments into sustainable assets.
The Sydney Morning Herald: Some of Australia’s largest superannuation funds are being urged to review their partnerships with an investment manager facing a backlash for sponsoring a Republican-aligned, climate-change sceptic foundation in the US.
Investor Daily: Acadian Asset Management has announced it has developed an automated system to help identify greenwashing in potential investment targets.