If a “green” loan doesn’t actually increase sustainable outcomes, how much benefit are shareholders and the community really getting?
Ethical funds are growing and funds managers are getting out of fossil fuels, at the very least. And yet we’ve got MPs such as George Christensen demanding that banks not penalise fossil fuel companies
All on eyes are on Barnaby Joyce right now. Is he playing cat and mouse with us? Will he agree to net zero by 2050 not “if at all possible” but absolutely and unequivocally?
Brisbane-based startup, Bloom Impact, is looking to put green investing in more people’s hands as interest in the area grows, with the launch of a new sustainable fund and user friendly app
TALKING RUBBISH: The Clean Energy Finance Corporation recently estimated a national pipeline of up to $7.8 billion in new investments in resource recovery, bioenergy and WTE in the period to 2025; employment benefits of up to 9,000 construction jobs, 2600 indirect jobs and as many as 1400 direct and ongoing jobs, and; the potential across those categories to reduce landfill emissions by as much as 60 per cent.
Helen Millicer recalls the “enthusiasm toward sustainability and climate change actions during the Millennium drought and then with election of Rudd in 2007…We were on wave of discussion, new ideas, training, and integration.” What happened? Australia has over 4000 associations representing and providing leadership and guidance to their members. Or do they? From industry, business […]
SPECIAL REPORT: The built environment has developed a taste for sustainable, low emissions steel — but in Australia, the cupboards are relatively bare, By Poppy Johnston
Kay Sargent, a director of HOK’s global WorkPlace practice, thinks we need to be “brutally honest” about what was and wasn’t working in workspace design before Covid. Even before Covid, stress and burnout rates were skyrocketing, office spaces were underutilised, workplaces were lagging behind on skills, climate change and other environmental issues were going unaddressed, […]
As the global push for climate action becomes increasingly mainstream, so too has the appetite for green bonds.
Australian property company Lendlease has followed up its first oversubscribed green bond with a second. The new $300 million 10-year fixed rate green bond will help fund green building projects, such as Sydney’s Barangaroo, the UK’s International Quarter London and Chicago’s Southbank. As well as reducing the carbon emissions in buildings, the company has flagged […]
The woman responsible for supervising UK banks has spoken of the need for banks to abandon the “doctrine of market neutrality” when making policy decisions. That’s because of the overriding need to align monetary policies with reaching net zero by 2050.
When The Fifth Estate held its sustainable finance salon in London in 2015 (see the ebook here), we talked about the “irrepressible Sean Kidney, who flew in straight from Beijing, suitcase in hand, to attend the dinner.” Kidney, founder, and pretty well sole operator of the Green Bonds Initiative in those days, was full of […]
As many as six in 10 people in Australia are prepared to pay more for a sustainable product, although most are only willing to pay a fraction more – just 5 per cent.
The Fifth Estate is back in the saddle for 2021, and ready to explore the big stories in sustainability for another year.
FINANCE: Green bonds and other sustainable finance vehicles are still booming amid the pandemic. In fact they’re seen as lower risk than traditional investments. It’s no surprise then that Australian property companies are getting on board. Global green bond issuance passed the $1 trillion-mark last week and Australian property giant Lendlease is not missing out on […]
When it comes to sustainability, it’s hard to tell who is going green and who is just green washing. It’s easy for companies to talk a big game about sustainability. Some have even taken some major strides to change how their businesses operate. But just how green are these companies actually going? How green is […]
BNP Paribas does good French bank BNP Paribas SA released A$140 million in green bonds as a reward to 100 companies on the Australian Climate Transition Index. All of these eight year bonds pay a fixed coupon with a potential return based on performance of the index, comprised of 300 Australian companies expected to thrive […]
Every nation would do well to emulate Europe’s Green Deal approach. Here’s how it works.
The market for impact investment in Australia is exploding and shows no signs of slowing down, even under global pandemic conditions. The bi-annual benchmarking report from the Responsible Investment Association Australasia (RIAA) released on Tuesday showed that the market for impact investment had more than tripled over the past two years from $5.7 billion to […]
There are big socio-economic implications for of the COVID-19 lockdown and ultimately for urbanism and climate change.
All bets are off. Covid-19 has changed the rules of the way we live and do business forever.
The coronavirus outbreak is having a dramatic effect in Europe. Here are the latest developments, and the potential sources of hope amidst the terrifying gloom.
Westpac issues a green loan for superannuation On Wednesday, Westpac announced Australia’s first green loan designed for the superannuation sector, a $65 million loan to Local Government Property Fund (LGPF) managed by Local Government Super (LGS). LGPF is the fifth entity in Australia to receive a green loan, allowing members to invest in the growing […]
Banks issued a record number of green bonds in 2019, reflecting investors’ increased priority on environmental social governance (ESG) and the larger role banks will play as the economy transitions to low carbon.
The Fifth Estate talks to Sean Kidney of Climate Bonds Initiative about a green list of economic activity being adopted by the European Parliament that could put the kibosh on unsustainable developments, such as new coal mines, by tackling demand rather than supply.
The Australian government has been accused of – literally – fiddling while the country burns but there has been a sea change in attitude among business leaders and investors, who are fast coming to grips with climate change.
Dear Scott Morrison, we told you well before Christmas you had the chance to be a superhero. To jump onto the world stage and claim leadership on a scale that no small-to-mid size country has seen before.
OXYGEN FILES: Hands up if you’re keen to put the 2010s in a box and shelve them and hope like hell the 2020s will kick off scaled up, meaningful and cohesive action to save our global habitat?
Tomorrowland19 – I, human: This is what can be created when you team an architect with a passion for affordable, sustainable housing with impact investors and bankers: carbon neutral, low-cost housing that creates resilient communities.
OXYGEN FILES: Australia is in the midst of a housing crisis and although affordable housing is generally considered a state and federal concern, local governments are now stepping up the plate.