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World Bank issues $300m Australian Kangaroo Green Bond

RACHEL ALEMBAKIS  |  THURSDAY, 17 APR 2014  |  NEWS
The World Bank has issued a AU$300 million, five-year fixed rate Australian-dollar denominated Kangaroo Green Bond, the first ever in the Australian domestic market. Mark Goddard, executive director, head of debt securities, Westpac Institutional Bank ...

Green Bond Principles jumps to 25 banking supporters

RACHEL ALEMBAKIS  |  THURSDAY, 17 APR 2014  |  NEWS
The Green Bond Principles - a set of voluntary guidelines on the development and issuance of green bond - nearly doubled its number of supporters to 25 and the International Capital Market Association (ICMA) has been appointed secretariat. The Green ...

BITC index ranks global companies' corporate responsibility

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 APR 2014  |  NEWS
Companies that lead in corporate responsibility are linking sustainability progress with remuneration and have strong stakeholder engagement on sustainability, according to the Business in the Community (BITC) 2014 Corporate Responsibility Index. BITC ...

PRI moving ahead with governance review, disclosure regime

RACHEL ALEMBAKIS  |  FRIDAY, 4 APR 2014  |  NEWS
Fiona Reynolds, managing director of the United Nations-affiliated Principles for Responsible Investment (PRI), has said that she would like to see the organisation's governance review process "done and dusted" by the end of 2014. Fiona Reynolds, UN ...

Westpac signs on to Soft Commodities Compact

RACHEL ALEMBAKIS  |  FRIDAY, 4 APR 2014  |  NEWS
Westpac Group has become a founding signatory to the Soft Commodities Compact, a banking industry initiative aiming to help clients achieve zero net deforestation by 2020. The Soft Commodities Compact has been developed by the Banking Environment Initiative ...

SVA suggests reform for social enterprise capital funding

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 APR 2014  |  NEWS
Social Ventures Australia (SVA) has suggested establishing a dedicated social 'investment bank' as one means of increasing access to capital for social sector enterprises. Ian Learmonth, executive director of impact investing, Social Ventures Australia ...

CEFC to provide $100m financing through Balmain Corporation

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) is partnering with non-bank commercial loan manager Balmain Corporation to provide up to AU$100 million of debt finance to retrofit commercial properties. Oliver Yates, CEFC CEO The agreement with Balmain ...

Teachers Mutual Bank, NAB, Westpac top "most ethical" list

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 MAR 2014  |  NEWS
Teachers Mutual Bank, NAB and Westpac have been named to the Ethisphere Institute's list of 2014 World's Most Ethical Companies. Ethisphere Institute is a US-based independent centre of research promoting best practices in corporate ethics and governance. ...

Australian Ethical launches Fixed Interest Trust

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 MAR 2014  |  NEWS
Australian Ethical Investments has launched the Fixed Interest Trust, comprising Australian dollar-denominated fixed rate investments that meet the Australian Ethical charter. Australian Ethical has managed fixed income securities for 20 years as part ...

CEFC commits $30 million to EUA financing fund

RACHEL ALEMBAKIS  |  FRIDAY, 14 MAR 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) has committed up to AU$30 million to a fund financing environmental upgrade agreements (EUA). Oliver Yates, CEFC CEO The CEFC is partnering with National Australia Bank (NAB) and Eureka Funds Management to ...