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ESG Newsletter

      ASIC Issues Infringement Notice To Northern Trust Asset Management For Greenwashing

      2023-12-19

      Australian Securities & Investments Commission (ASIC): Northern Trust has paid $29,820 to comply with two infringement notices issued by ASIC regarding concerns about alleged false and misleading statements about the application of a Carbon Emissions Exclusion Screen. 

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      Which Aussie Asset Managers Fell Short In ESG Rankings?

      2023-09-11

      Money Management: The Morningstar ESG Commitment Level Landscape report qualitatively evaluated 108 asset managers across the globe.

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      ASIC Commences Greenwashing Case Against Vanguard Investments Australia

      2023-07-25

      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.  

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      ASIC Greenwashing Antidote

      2023-07-10

      Australian Securities & Investments Commission: Greenwashing erodes investor confidence in the market for sustainability-related financial products and corporate strategies.

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      Super Funds Back New Renewables Platform

      2023-03-28

      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.

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      ASIC Questioned Over Workplace Culture

      2023-02-23

      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."

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      Australia: The impact of ESG Activism in M&A and Demergers

      2022-12-14

      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. 

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      Fossil-Fuel Assets Creep Higher at $73 Billion Australia Pension

      2022-09-13

      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. 

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      Feeling Sad? You’re More Likely to Put Money Into ESG Funds

      2022-09-01

      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.

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      Super Funds Query Investment Manager’s Links to Anti-ESG Foundation in US

      2022-09-01

      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.

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