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Showing 101 - 110 of 301 results for %22Divestment%22

APRA outlines indemnity measures

ANNABELLE DICKSON  |  TUESDAY, 23 MAR 2021
... has written to authorised deposit-taking institutions (ADIs) to ensure the management of risks with indemnities in divestment transactions. APRA warns that without appropriate controls, indemnities can expose ADIs to significant liabilities. The regulator ...

CSC pivots towards divestment

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
... Financial Stability Board internationally." CSC chair Patricia Cross also was clear that the fund favours engagement over divestment. "CSC does have a very long record of being actively engaged in ESG matters, but when it comes to things like fossil ...

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
... Councils can't make a bold claim about saving the planet while continuing to invest in fossil fuels," Friend of the Earth divestment campaigner Rianna Gargiulo said. Local authorities have the power and duty to ensure local workers not only have a pension ...

HUB24 lifts inflows, profit flat

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... on track to be completed on 2 March 2021. In addition, HUB24 anticipates a proportional takeover of Easton and the divestment of its financial advice licensee, Paragem, to be completed in the second half. As a result of the activity, HUB24 has increased ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
... Petroleum's annual results, with a $US4.028 billion net loss for 2020, are food for thought for super funds, according to divestment activists. Several of Australia's largest super funds have significant holdings in Woodside. It appears in the ...

Super funds bow to divestment pressure

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... pressure to invest with climate change in mind. Nine of the 40 largest super funds in Australia have now announced divestment from some of the worst carbon emitting companies, according to research from Market Forces. The combined assets under management ...

Super fund ESG targets lack clarity: ACCR

RACHEL ALEMBAKIS  |  MONDAY, 1 FEB 2021
... reduction and engagement, a report that examines the decarbonisation targets of superannuation funds to date, and how divestment impacts on real world emissions targets. ACCR recommends that superannuation funds must play a more active role in engagement ...

Link scraps European acquisition

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... terminate the SPA and not to proceed with the acquisition," Link told the ASX this morning. Link also announced that its divestment of its 44% stake in Property Exchange Australia (PEXA) is underway with "good indicative interest received to date". Link ...

BlackRock reinforces commitment to ESG

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 JAN 2021
... progressing on those risks, BlackRock will vote against management in index portfolio-held shares and will also consider divestment in discretionary active portfolios because of the risk to client returns. Fink noted that the "tectonic shift" to sustainable ...

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
... November 2019 and is part of the revised transaction path. The bank said it expects the ultimate completion of the divestment will occur via a statutory asset transfer in the second half of FY21, at which time the remaining proceeds of approximately ...