One of the world's biggest superannuation funds has taken a stand against climate change by investing in sustainable agriculture.
Australia's Commonwealth Bank has pumped $100 million into Cibus Fund II, which focuses on sustainable farming, practices, and companies, reports the Sydney Morning Herald.
"As a super fund representing one in five young Australians, we believe impact investing represents a powerful opportunity for us to grow our members, while helping to build a more sustainable future," says Leilani Weier, head of responsible investment and sustainability at the bank, which has around $80 billion in assets.
Cibus Capital, an investment adviser to the fund, says it plans to use the money to invest in "state-of-the-art glasshouse tomato producer undertaking work expected to form the basis for a platform focused on the production of year-round produce in renewable energy powered facilities," per the Guardian. Read the Entire Article
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Sydney TAFE has teamed with a new clothing and retail social enterprise, The Social Outfit charity, to launch a dynamic collaboration that would enable students to gain real fashion industry skills and take on their own creativity and rich cultural heritage to produce garments for The Social Outfit’s store and adjoining workshop in Newtown.