Brookfield-led consortium to acquire Australian power generator
A consortium of Brookfield Renewable Partners, GIC, Temasek and MidOcean Energy, have agreed to acquire Australia's largest integrated power generator, Origin Energy, for AUD18.7 billion ($12.4 billion).
Traffic-light system recommended for Australia's taxonomy
The Australian Sustainable Finance Institute (ASFI), the investor organisation leading the development of Australia's taxonomy, has published its final recommendations for a transition-based taxonomy.
Asian investors have woken up to climate risks, says Robeco
Transition and physical risks are being assessed more by investors in Asia Pacific than any other region, Robeco has said.
MAS urges insurers to help high emitters decarbonise
The Monetary Authority of Singapore (MAS) has called for insurers to steer companies in the emissions intensive Asia-Pacific region towards more sustainable practices, as an executive warned insurers of high exposure to climate transition risks.
Australia's biggest superfunds accused of greenwashing
Australia's biggest superfunds have been accused of greenwashing by campaign group Market Forces, for failing to engage effectively with high emitters.
Mirova raises $171m for emerging markets energy transition fund
Mirova has raised $171 million in the first close of its clean energy transition fund which will invest in emerging markets across Africa and the Asia-Pacific region.
Australian industry drowning under sustainability requirements, says Fiona Reynolds
Companies and institutional investors in Australia are "drowning" in a flood of new sustainability requirements, ex-Principles for Responsible Investment (PRI) head Fiona Reynolds has said.
EF's Sustainable Investment Awards open for entries
Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2023.
Low-carbon benchmarks risk pulling assets from EMs, warns Prudential
Some climate indexes risk unintentionally "pulling funding away from countries that need it the most" to transform their still-developing economies, a major Asian insurer has warned.