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LGS joins Investor Statement on Bangladesh

RACHEL ALEMBAKIS  |  FRIDAY, 12 JUL 2013  |  NEWS
Local Government Super (LGS) has signed the Investor Statement on Bangladesh, joining more than 190 shareholders and investors which are calling on brands and retailers to implement the core labour standard of the International Labor Organisation (ILO). ...

RIAA: Responsible Investment portfolios continue to grow

RACHEL ALEMBAKIS  |  FRIDAY, 12 JUL 2013  |  NEWS
Responsible investment portfolios in Australia managed AU$152 billion or 16% of total assets under management last year, and core responsible investment funds are outperforming the benchmark of mainstream funds, according to the Responsible Investment ...

Clean Energy Finance Corporation makes first investments

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 JUL 2013  |  NEWS
The Clean Energy Finance Corporation (CEFC) has hit the ground running by providing finance for two wind farm projects and expanding an existing fund that provides business loans for energy efficiency upgrades. CEFC CEO Oliver Yates The AU$10 billion ...

Gaps in retailers' labour and human rights policy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2013  |  NEWS
Slightly more than a third of Australian consumer staples and consumer discretionary companies have a publicly disclosed supply chain labour and human rights (LHR) policy, and none of them have board oversight of LHR issues, according to research from ...

CBA receives upgraded score in EIRIS sustainability report

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2013  |  NEWS
Commonwealth Bank of Australia has been highlighted for its improved sustainability performance, one of five "mega cap" companies to receive upgraded scores in the EIRIS Global Sustainability Report 2013. EIRIS's sustainability ratings assess corporate ...

CDP extends partnership with FirstCarbon Solutions

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2013  |  NEWS
CDP will expand its partnership with FirstCarbon Solutions (FCS) to Australia, New Zealand, the Nordics and Benelux regions and India, bring extended services measuring supply chain carbon management and sustainability scoring to those countries. FCS ...

Westpac, CBA, Benevolent Society launch social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
Westpac Institutional Bank, Commonwealth Bank of Australia and the Benevolent Society have created an AU$10 million social benefit bond (SBB) funding the new Family Preservation Service. Sandy Blackburn-Wright, head of social innovation at Westpac The ...

NAB, bankmecu win at Australasian Reporting Awards

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JUN 2013  |  NEWS
National Australia Bank has been recognised for its sustainability reporting, while bankmecu won an award for integrated reporting at the 2013 Australasian Reporting Awards (ARA). Damien Walsh, bankmecu managing director The ARA awards are intended ...

NGS Super allocates to NSW social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
NGS Super has become the first superannuation fund to invest in a social benefit bond with an AU$500,000 allocation to an AU$7 million bond. The social benefit bond (SBB) was launched by Social Ventures Australia (SVA) and will fund the Newpin program ...

Greens call on Future Fund to divest from coal companies

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
The leader of the Australian Greens party has called for the Future Fund to divest its investments in coal companies. Senator Christine Milne "Earlier this year the Future Fund ditched its tobacco investments in response to a campaign led by the Greens," ...