News & Insights

1/11/2019

Can financial services firms save the world?by Amanda Taylor



In recent weeks 16-year-old Swedish activist Greta Thunberg has ignited the global debate on climate change, taking a zero-carbon voyage to America and delivering an impassioned speech to world leaders at the UN climate summit in New York on September 23.

Media coverage in the weeks following shows Thunberg has become a figure who is almost as polarising as Donald Trump.  While her calls for greater action by leaders have gained her many allies, everyone from Pauline Hanson to media figure Piers Morgan and football identity Sam Newman has waded in to decry her message.

But love her or hate her, it is clear that the young activist has made the world sit up and take note. Millions of people from over 150 countries joined the Global Climate Strike to demand an end to the age of fossil fuels, showing Thunberg is inspiring young and old to push for change.

The importance of standing for something

Thunberg’s UN speech highlighted the need for an authentic and pro-active approach to solving the climate change issue, rather than just “empty words”.  

Locally, recent research by the Committee for Economic Development of Australia also found that Australians want the nation’s big businesses to speak out on issues such as the environment. For businesses, this means taking action not just as a branding exercise but as a way to effect real change.

In Australia’s financial sector, some key players have been taking a stance on environmental issues for decades. Responsible investment manager Australian Ethical, for example, recently celebrated the 30th anniversary of its Balanced Fund, and regularly speaks out on a range of climate-related topics.

Australian Ethical also recently pledged to protect five acres of Amazon rainforest for every new and referring super member, an innovative and groundbreaking initiative for the industry.

Product innovation

More broadly, an increasing number of local fund managers are routinely incorporating ESG issues into their investment decision-making, driven by increased investor demand, with ESG funds under management up 37% on last year.

One trend that has been gaining ground in the financial sector recently is the use of green bonds to help solve the climate crisis. Green bonds, also known as climate bonds, are specifically earmarked to be used for climate and environmental projects such as energy efficiency, pollution prevention, clean transportation and sustainable water management.

An example of how this is playing out locally is NAB’s partnership with TCorp in Australia’s largest ever green bond issuance, which will fund sustainable transport and infrastructure for the people of New South Wales. NAB is also leading the way in the banking sector by using green bonds to finance low-carbon residential housing, green commercial office buildings, electrified passenger rail projects and renewable energy.

In addition, TCorp recently flagged plans to launch a sustainability bond in the coming weeks, where proceeds are earmarked to finance a combination of green and social assets.

It is heartening to see that corporates and investors are taking their role in addressing climate change increasingly seriously. However as extreme weather events become the new normal and sea levels continue to rise, it is clear that there is more work to be done and the time to ramp things up is now.

Stay Connected

If you wish to stay connected to Honner and receive future blogs, simply enter your email address below.

Subscribe
Filter by :

Latest News And Insights

Honner Blog 19/06/2018

Everything old is news again!

All around the world, paid subscriptions for traditional mastheads are rising, while Facebook users dropped for the first time at the end of 2017.  Honner senior consultant Suzanne Dwyer says “old” media may be on the cusp of a new, unexpected era, as people realise the difference between seeking out interests and being informed.

READ MORE   >

Honner Blog 17/06/2018

Honner ranked among the best agencies to work for in APAC

We are thrilled to be named #2 in the The Holmes Report 2018 Best Agency To Work For (National) in Asia Pacific, and the top ranked agency in Australia!

READ MORE   >

Honner Blog 6/06/2018

The new advertising restrictions for cryptocurrencies and other financial products and what to do about them

While Bitcoin and its crypto currency cousins are becoming increasingly mainstream, providers are having a hard time right now as they try to get their message across to a broader audience. In the past few months, several major technology platforms have updated their advertising policies, effectively banning cryptocurrencies from their ad networks. read on to find out what you need to know about the restrictions and what to do about them.

READ MORE   >

Honner Blog 14/03/2018

Essential ingredients of persuasive writing – It’s all Greek to me

Persuasive writing can be a powerful force that transforms readers them into paying customers, advocates or partners. Luckily there are a few timeless principles that anyone can employ to improve their technique. For starters, we can learn a few things from the ancient Greeks.

READ MORE   >

Honner Blog 9/03/2018

Purpose is now a comms must-have, but it’s got to ring true to label

When it comes to publicising purpose, corporate organisations need to tread carefully in order to appear authentic.

READ MORE   >

Honner Blog 1/03/2018

When, if ever, should you ask a journalist for a correction?

The media can dictate the public image of your company, for better or worse. Imagine the latter and consider: is it appropriate to ask for a correction?

READ MORE   >

Honner Blog 22/02/2018

Chris Cuffe covers all things investment and super at a recent Women in Super event

From the merits of the default superannuation system to the role of artificial intelligent, finance industry guru Chris Cuffe fielded questions on a host of issues at a recent Women in Super lunch in Sydney. Honner General Manager Susie Bell was there and shares an account of some of the main topics.
 

READ MORE   >

Honner Blog 16/02/2018

5 ways to kick-start your PR career

Public Relations is a constantly evolving industry and an exciting space to be in. For those like our grad Rebecca who are just starting out, here are five top tips for starting a career in PR.

READ MORE   >

Honner Blog 1/02/2018

It’s a Wrap – Honner’s quarterly media roundup (Q417)

Change continues apace in the Australian media industry. Rupert Murdoch’s deal to sell most of 21st Century Fox is set to transform the media industry, and Facebook’s changes to its news feed recipe have sent publishers and brands back to the strategy table. And that’s just the start. In our Honner quarterly media roundup, we bring you a wrap of the latest industry news, insights and quotable quotes.

READ MORE   >

Honner Blog 18/01/2018

How to make your thought leadership stand out

In a hyper-competitive environment, thought leadership can be a great way to build your brand and attract new customers. Here are three steps to developing a successful thought leadership program.

READ MORE   >

Displaying results 31-40 (of 126)
 1 2 3 4 5 6 7 8 9 10