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Showing 261 - 270 of 1951 results for "Green"

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members. The markets regulator has commenced ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... (which many of these indices rely on) are also coming under further scrutiny in both Europe and the UK. Ultimately, until green taxonomies are widespread, and definitions become more harmonised, the ESG or sustainability characteristics of these indices ...

Banking sector fears propel family offices towards metals

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
Family offices across the globe are increasingly investing in metals as concerns of banking sector instability grows, according to a new study by Tresor Gold. The research was conducted in April among 100 metals and mining investors working for sovereign ...

Acadian employs ChatGPT to assess climate targets

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 AUG 2023
Acadian Asset Management is using the technology underpinning ChatGPT to predict whether companies are likely to achieve sustainability targets. The Acadian Net Zero Alignment Model integrates large learning models (LLM), the type of AI algorithm that ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... executive Shemara Wikramanayake said the drop in profits was influenced by a reduction in investment related earnings from green energy projects in its asset management division. Macquarie Capital, the group's investment banking division, also saw a ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
US and UK regulators have imposed fines of $575 million (US$388 million) on the bank for risk management and governance failures related to the collapse of Archegos Capital Management. The US Federal Reserve has issued Credit Suisse a $394.84 million ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund. This is the second time the market regulator has acted against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal court ...

Advisers' experience stands at 14.5 years

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... respectively. Among the boutiques, Sambe Investments and Advice Evolution both have 21.5 years on average, while Hunter Green and Boston Reed have 19.6 and 19.5 years respectively. There was a 4% year-on-year decline in the total adviser pool in FY23. ...

Hostplus tops up mandate, returns 8% to members

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... companies including Hysata, a firm developing a new type of highly efficient hydrogen electrolyser that will deliver low-cost green hydrogen. It's also invested in AMSL Aero a developer of vertical take-off and landing aircraft; Canopus Networks ...

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
... are not being misled," ACCC chair Gina Cass-Gottlieb said. "False or misleading claims can undermine consumer trust in all green claims, particularly when consumers are often paying higher prices based on these claims. "Similarly, businesses that are ...