LEGO’s decision to abandon its recycled plastics prototype project has taken some paint off its reputation as a sustainability leader. The case provides a topical case study for investors, who are often left trying to defend a company’s worthiness of inclusion in an ESG fund or option, even when the facts change.
Frontier Advisors has restructured its research team, promoting a slew of internal talents.
Minister for the Environment and Water, Tanya Plibersek, has given a vote of confidence to Australia becoming a “renewable energy superpower” that can switch out the export of coal and gas to greener forms of energy as its economic foundation in the foreseeable future. With the backing of institutional capital and legislation such as the new Capacity Investment Scheme, the nation can compete on an international level, she told the Conexus Financial Political Series.
Opportunities to invest in China remain plentiful, but investors must proceed with greater caution than in the recent past in light of renewed geopolitical tensions and a confluence of factors combining to put a brake on the economy.
ASIC has accepted a court enforceable undertaking from iExtend after investigating concerns it was operating a financial services business without an Australian Financial Services Licence.
The Federal Court has ordered Mercer Financial Advice pay a $12 million penalty after being found to have failed in its fee disclosure obligations and charging fees to customers it was not entitled to charge.
MLC Life Insurance has made three appointments in its northern region retail distribution team.
The Association of Superannuation Funds of Australia has appointed former HESTA executive Mary Delahunty as CEO.
One of Australia’s largest industry super funds, Rest, has invested $1 billion in green data centres via renewable and clean energy infrastructure manager Quinbrook Infrastructure Partners, committing to further the sustainable digitisation progress.
Mark Delaney, chief investment officer of mega-fund AustralianSuper, thinks the current media and market narrative around China’s supposed structural decline is “too pessimistic”. At the fund’s annual meeting on Tuesday, he told his members why China will “do a bit better than people anticipate” and portfolio managers shouldn’t write off the emerging market just yet.
Coredata Research has appointed Dean Thomas as CEO of CoreData APAC.
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