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LGS invests in US$250 million EBRD green bond

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 OCT 2013  |  NEWS
Ed note: Updates with information from Local Government Super, board appointment Local Government Super (LGS) has invested in a European Bank for Reconstruction and Development (EBRD) green bond. LGS CEO Peter Lambert LGS was the only Australian superannuation ...

New co-op body to stress economic, social value of model

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2013  |  NEWS
There is a new push in Australia to raise the profile of the co-operative and mutual business model, which proponents say inherently melds social and economic goals while contributing to a diversified economy. Melina Morrison, BCCM CEO (Photo courtesy ...

Westpac, CBA raise $10 million for Benevolent Society SBB

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2013  |  NEWS
Westpac Institutional Bank, Commonwealth Bank of Australia and The Benevolent Society have raised AU$10 million for its social benefit bond (SBB). The funds raised by the SBB will go towards establishing The Resilient Families preservation service ...

Standard Life hires Amanda Young as head of SRI

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2013  |  NEWS
Standard Life Investments has appointed Amanda Young as Head of Sustainable and Responsible Investment (SRI). Young comes to Standard Life Investments from Newton Investment Management. She is also a main board director of the UK Sustainable Investment ...

ACSI: ASX100 boards more diverse in gender, background

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2013  |  NEWS
Around two-thirds of all new director appointments to ASX100 companies in 2012 went to individuals who are not currently Top 100 directors, according to research from the Australian Council of Superannuation Investors (ACSI). Ann Byrne, ACSI CEO The ...

ACSI hire Gordon Hagart as new chief executive officer

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2013  |  NEWS
The Australian Council of Superannuation Investors (ACSI) have hired Gordon Hagart as its new chief executive. Hagart comes to ACSI from the AU$100 billion Future Fund, where he is currently head of environmental, social and governance risk management. ...

SEB, JP Morgan, Morgan Stanley top climate bond underwriters

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2013  |  NEWS
Swedish bank SEB, JP Morgan and Morgan Stanley are the leading underwriters of labelled climate bonds, while JP Morgan, Bank of America (BofA) Merrill Lynch, Goldman Sachs and Credit Suisse lead in deal size of the unlabelled climate bonds market, according ...

GRI, UN Global Compact, WBSCD to collaborate

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 SEP 2013  |  NEWS
... complementarities in these standards, and use them in conjunction with one another." At the conference, UN Secretary-General Ban Ki Moon launched three new issue platforms for business support, covering education, agriculture, and peace. They are designed ...

NAB's 'Wealth of Opportunity' a new CSR narrative

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2013  |  NEWS
National Australia Bank is launching a communication strategy to talk about corporate responsibility to both internal and external stakeholders, shareholders and customers. said Paula Benson, general manager, corporate responsibility, NAB The strategy ...

UN Global Compact designs equities index that outperforms

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2013  |  NEWS
The UN Global Compact has launched an equities index based on companies that have committed to the Global Compact's principles, and found that the index has outperformed general global stock indices. The Global Compact 100 (GC 100) is released in partnership ...