Financial Newswire: The 2025 Australian Insurance Report found 82 per cent of insurers had reworked their asset allocation strategy as a a result of the investment risk posed by geopolitical tension, overtaking both inflation and recession concerns.
ESG News: Global investment firm KKR has announced a A$500 million (US $335 million) strategic investment in CleanPeak Energy, marking the launch of a new distributed energy platform in Australia and KKR’s first Asia-Pacific deal under its Global Climate Transition strategy.
ESG Today: Australia-based global financial services group Macquarie announced an agreement to acquire Ireland-based renewable energy asset optimization company Erova Energy, citing opportunities to scale its platform to new markets.
ESG Today: The Australian Sustainable Finance Institute (ASFI) announced the release of the Australian sustainable finance taxonomy, a new voluntary classification system for categorizing green and transition-focused economic activities, aimed at improving transparency and facilitating capital flows towards Australia’s climate goals.
Business Wire: KKR, a leading global investment firm, announced the signing of definitive agreements to acquire Zenith Energy (“Zenith” or the “Company”), a leading independent power producer (“IPP”), from a consortium including Pacific Equity Partners, OPSEU Pension Trust (“OPTrust”), and Foresight Group (together the “Consortium”), with Zenith’s founder and management retaining a minority stake.
ESG Today: A federal court in Australia imposed a A$10.5 million (USD$6.7 million) penalty on superannuation fund Active Super trustee LGSS, after finding that the firm had engaged in greenwashing by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons.
ESG Today: Australia-based financial services group Macquarie announced that it has decided to leave the Net-Zero Banking Alliance (NZBA), expanding what had been a primarily North America-focused series of exits from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities.
Financial Newswire: Women in Super chief executive, Jo Kowalczyk, said the proposal shines a light on the inadequate funding for crisis support and affordable housing that is unable to support single and divorced women and may result in them falling into poverty or having to endure violence.
Australian Securities and Investments Commission: The Federal Court today ordered Vanguard Investments Australia to pay a $12.9 million penalty for making misleading claims about environmental, social and governance (ESG) exclusionary screens.
BNN Bloomberg: Australia’s corporate watchdog urged the country’s financial services industry to do more to crack down on greenwashing, after taking action in dozens of cases.
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