Industry News: ESG5

Super Funds Shirking Social Issues are Breaking Law: AusSuper Chief


The Sydney Morning HeraldSuperannuation funds failing to consider environmental, social and corporate governance risks when investing their members' retirement savings are in breach of their duties and therefore the law, says the head of Australia's biggest industry super fund.


Climate Change Investment Strategy


FS Super: Over time the analysis, supported by independent research, determined that climate change is an investment risk and, as a prudent investor, that needed to address that risk. This paper sets out the strategy, how they have implemented it and some of the frameworks they have used.


Bank Boards Told to show More Discretion on Executive Pay


The Sydney Morning Herald: Amid disagreement between investors over how best to structure executive pay packets, company directors say the regulator may need to help boards withstand short-term pressure from investors by encouraging a more "holistic" view of pay and performance.

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Big Four Banks Form Climate Investment Initiative


Financial Review: Australia's four major banks have joined forces with insurers and superannuation funds to back an initiative that aims to reshape the financial system to deal with climate change, in one of the strongest signs yet that the industry is taking the threat of environmental upheaval seriously.


Renewable Energy: Investing in an Evolving Generation Landscape


FS Super: Over the past decade, wind and solar have provided the bulk of additional generation capacity to the National Electricity Market (NEM), replacing retired coal and gas-fired plants. Despite a significant number of regulatory and policy changes directly affecting the relative economics of the different sources of generation, wind and utility-scale solar generation capacity has more than doubled, from 2.3GW in 2012 to 4.8GW in July 2018, with a strong acceleration over the past 24 months, in particular for utility-scale solar.


BlackRock Launches ESG Bond Index


Investor Daily: The fund developed in a partnership with VicSuper aims to provide investors with diversified access to the local fixed income market with enhanced social outcomes.

It excludes tobacco, alcohol, gambling, military weapons, civilian firearms, nuclear power, adult entertainment, genetically modified organisms (GMOs) and fossil fuel reserves.


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