Mining giant Rio Tinto is urging governments to keep climate change action a global priority even in the midst of the ongoing COVID-19 pandemic and economic recession.
“As the world confronts the immediate crisis of COVID-19, it is vital that we do not ignore the longer term challenge of climate change,” Rio Tinto chairman Simon Thompson said. “If the world is to achieve the targets set out in the Paris Agreement, urgent, coordinated government action is essential.”
Rio Tinto faced criticism for resisting Paris alignment targets, with investor group Market Forces set to lodge a resolution at Rio Tinto’s annual general meeting 7 May 2020.
Walls that breathe in Campbelltown
In a bid to allow people in Campbelltown in Sydney’s west to breathe easier, the Campbelltown City Council has installed a trial “breathing wall” at the entrance to the Hurley St underpass at Campbelltown Station.
Made up of 160 modules and 1200 plants, including a range of native and non-native species, the wall relies on an active air ventilation system that draws in polluted air which is then filtered within a growing medium in the modules, before cleaner air is expelled.
The pilot project is a partnership between the council, Junglefy and the University of Technology Sydney. Air quality sensors have been installed to monitor it’s impact on air quality.
Recycled water will be used to water the plants.
Mirova gets RIAA certification
The responsible investment affiliate of Natixis Investment Managers, Mirova, has had its Global Sustainable Equity fund certified by Responsible Investment Association Australasia (RIAA).
Certification through the responsible investment body means that Mirova has implemented a detailed responsible investment process for all of its investment decisions regarding the fund.
The fund invests in a portfolio of around 50 stocks that have been specifically selected for their strong, sustainable competitive advantages and ability to offset risk whilst demonstrating a solid financial structure.
“With a focus on long-term themes such as reducing carbon emissions and improving sustainability, the fund aims to delivers returns over and above the MSCI World Index over three months, one and three years”, Louise Watson, managing director and head of distribution for Natixis in Australia, said.