Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 92 results for "Thermal coal"

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. The bank's cash profit fell to $3.76 billion and has been attributed to credit impairment charges of $2.74 billion. ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... NAB intends to review its oil and gas policy. While just Commonwealth Bank and Westpac have disclosed Paris-aligned thermal coal exposure reduction targets, no major bank has disclosed targets for oil and gas.

S&P launches sustainable versions of flagship indices

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... their eligibility criteria. The indices will exclude companies with specific fossil fuel reserves, those involved in thermal coal extraction and power generation, oil sands extraction, and energy exploration and production. In addition, the indices exclude ...

Robeco extends exclusions

ELIZABETH MCARTHUR  |  FRIDAY, 25 SEP 2020
Robeco announced it will now exclude investments in thermal coal, oil sands and Arctic drilling from all its mutual funds. The manager said the decision is an important step in its sustainable investing approach. Companies that derive 25% or more of ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... billion invested in ESG strategies and that it will now divest all companies deriving more than 10% of revenue from thermal coal mining. "The announcement is long on rhetoric and short on detail. While UniSuper acknowledges that more needs to be done ...

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
... zero carbon emissions by 2050. "Across our entire portfolio we exclude certain investments in companies related to thermal coal. From 1 July 2020, the restriction was extended to all investments, regardless of whether those investments were new or existing," ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
... close to half of its entire portfolio to climate aware strategies and begin divesting from companies involved in thermal coal, oil sands and arctic drilling. NEST, home to more than nine million members, has introduced a new investment policy aimed at ...

State Street to launch ESG ETF

ANNABELLE DICKSON  |  MONDAY, 27 JUL 2020
... index will take place in September 2020, providing an exclusion of companies generating more than 5% revenue from thermal coal. "ESG investing can have an impact on a company's long-term performance, allows clients to invest based on their values, and ...

BlackRock offers update on dumping coal

ELIZABETH MCARTHUR  |  THURSDAY, 16 JUL 2020
BlackRock has offered its first major update on investment stewardship since it said it would dump thermal coal from active portfolios. The investment giant's voting efforts increased in 2020, with the number of company engagements increasing by 47% ...

Australian Ethical divests Mercer parent company

ALLY SELBY  |  MONDAY, 13 JUL 2020
Australian Ethical has pulled the plug on a $5 million shareholding in Marsh & McLennan, pointing to the provision of insurance services to a mining conglomerate as grounds for the divestment. The investment in Marsh & McLennan was held in the firm's ...