Natural Capital

Climate Asset Management has acquired a Queensland asset used for sugar cane production, which it will convert to a more biodiverse macadamia orchard.

Asset managers New Forests, Gresham House, Dasos Capital and Rayonier are among 10 firms that have founded the ISFC to help shape frameworks and policies affecting the nascent natural capital asset class.

The acquisition of Jemalong continues the expansion of Lawson Grains’ portfolio, with co-investor AIMCo keen to continue building out its Australian farmland assets.

Despite the segment’s leading contribution, it experienced a near 10% decline on H1 2022 figures while NBS removals credits account for less than one third of its total.

Aither’s annual Water Markets Report shows decline in the Aither Water Entitlement Index, a measure of entitlement values, for the first time in a decade.

QIC acquired Stuart’s Creek, a beef cattle property with established carbon sequestration properties, from Packhorse via its Queensland Natural Capital Fund.

The TIAA affiliate reportedly plans to initially not charge any fees as a way to entice independent RIAs, broker-dealers and other wealth management firms.

Climate change and energy minister Chris Bowen said decarbonization plans will be set for agriculture and five other sectors, without sector-specific emissions reduction targets being imposed.

The 15-year closed-end fund has been seeded with capital from 10 Japanese companies including Sumitomo Forestry, Japan Post Holdings, and Sumitomo Mitsui Banking Corporation.

Move comes ahead of potential intervention by regulatory agencies.