Daniel Kemp

The roadmap makes 37 recommendations for participants in the financial system that will help achieve net-zero emissions by 2050 and go further than government policy.

IFM has formed an internal taskforce to implement the new target, building on work it has already done in its Australian portfolio.

The firm says it signed the pledge because action is needed through policy and business to better mitigate global biodiversity risks.

The investment is Tenacious’s first outside Australia and the second overall from its inaugural fund, which closed in Q1 2020.

The Impact Alternatives Fund will invest up to 30% of its capital in regen ag and up to 20% in environmental assets in response to investor feedback.

The two firms, which have previously collaborated on a water investment vehicle, have received A$500,000 to explore the business case for a new fund.

Gunn Agri Partners says its new sustainable farmland fund will link manager fees to ESG performance in what is believed to be a first for the sector.

JANA says it ‘will not recommend any AMP Capital strategies to clients or recommend that clients add to existing investments’ due to concerns over the firm’s decision-making and culture.

The A$52 billion industry superfund has set a target to achieve net zero emissions in its portfolio by 2050, as part of a broader Climate Change Transition Plan.

Infrastructure assets are ‘particularly susceptible’ to community distrust and social licence should be considered at all stages of a project to combat this, says a report by think-tank Infrastructure Partnerships Australia.