Disclaimer
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:
who holds an Australian Financial Services License
who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
that is a body regulated by APRA other than a trustee of:
(i) a superannuation fund;
(ii) an approved deposit fund;
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme.
within the meaning of the Superannuation Industry (Supervision) Act 1993that is a body registered under the Financial Corporations Act 1974.
that is a trustee of:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme
within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.that is a listed entity or a related body corporate of a listed entity
that is an exempt public authority
that is a body corporate, or an unincorporated body, that:
(i) carries on a business of investment in financial products, interests in land or other investments; and
(ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
Sustainable Investing
European Green Deal
The European Green Deal is a commitment by the European Union to meet the goals of the Paris Agreement, principally by making the 27-nation bloc carbon neutral by 2050. As such it contains a wide range of policy initiatives with the main aim of decarbonizing member states.
Its first target is to achieve a 55% reduction in greenhouse gas emissions compared to 1990’s levels by 2030. Such is its level of ambition that European Commission President Ursula von der Leyen has described it as Europe’s “man on the moon moment”, as Europe would become the world’s first carbon-neutral continent at the current projections if the 2050 target is met.
Achieving these goals means reviewing current laws and creating new ones regarding issues such as compulsory decarbonization for high-carbon companies, and new regulatory frameworks for previously high-emission agricultural practices. New frameworks are planned for funding these changes, including the Sustainable Finance Action Plan, which will encourage more sustainable investment across the bloc, and the Sustainable Finance Disclosure Regulation, which will enhance reporting on how investment strategies use ESG for portfolio construction.
Creating returns that benefit the world we live in
Carbon initiatives
Other initiatives include a Carbon Border Adjustment Agreement to punish higher-emitting member states, and an Emissions Trading System, under which carbon quotas can be swapped to level out incongruities between nations. The current Energy Taxation Directive, which monitors subsidies for fossil fuels, is being revised.
There will also be a greater emphasis on moving to a circular economy, protecting biodiversity, and improving the energy efficiency of all buildings. The EU aims to increase the amount of forested land across its territory to act as a carbon sink, and will encourage investment in shared mobility, electrified transport systems and bio-based technologies.
Overall, the Green Deal will be funded through the InvestEU program which envisages EUR 1 trillion being spent by member states over the next decade. One estimate sugggests that achieving carbon neutrality by 2050 will require at least EUR 230 billion in annual investments into lower-carbon business models by 2030.
