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Foresters launches Social Investment Australia lending fund

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUL 2012  |  NEWS
Ed. note: substantially updated throughout with comment from Valda Wheeler, SIA Foresters Community Finance subsidiary Social Investment Australia (SIA) has launched a new fund offering financing to non-profits seeking to buy property. SIA has launched ...

Transparency International publishes anti-corruption report

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUL 2012  |  NEWS
The largest publicly traded multinational companies have increased their reporting on anti-corruption programmes, but more needs to be done to improve transparency, according to a report by Transparency International (TI). TI ranked 105 of the world's ...

IIRC releases outline to integrated reporting framework

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUL 2012  |  NEWS
The International Integrated Reporting Council (IIRC) has published a draft outline of the integrated reporting framework, summarising the framework's purpose, principles and how organisations can use it. The outline is intended to inform stakeholders ...

Solomon Islands implement EITI payment disclosure standard

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2012  |  NEWS
The Solomon Islands will implement the global Extractive Industries Transparency Initiative Standard (EITI), meaning the government will disclose payments from its extractives sector. The Solomon Islands has established Solomon Islands Extractive Industries ...

Using water accounting to measure, manage financial risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUL 2012  |  NEWS
The development of an Australian water accounting standard means that companies will be able to provide disclosure about water rights and obligations in a financially meaningful fashion, at a time when Australian companies are coming under scrutiny ...

Women make gains on corporate boards

RACHEL ALEMBAKIS  |  FRIDAY, 22 JUN 2012  |  NEWS
The percentage of women on ASX200 boards has risen to 13.9%, but it is the state-owned corporations of Queensland and South Australia that have the highest representation of women on boards, with 38.4% and 49.1%, respectively, according to the latest ...

SEFA selects Queensland social enterprise for first loan

RACHEL ALEMBAKIS  |  FRIDAY, 15 JUN 2012  |  NEWS
Social Enterprise Finance Australia (SEFA) has made its first loan to a Queensland social enterprise that will provide accommodation to people in Cairns and Indigenous people from Cape York who travel to Cairns for health services. SEFA has loaned AU$450,000 ...

IIRC to publish integrated reporting framework in 2013

RACHEL ALEMBAKIS  |  FRIDAY, 15 JUN 2012  |  NEWS
The International Integrated Reporting Council (IIRC) will focus on four main themes in developing its integrated reporting framework - the definition of integrated reporting, its target audience, the concept of value and the timing of the framework's ...

Investor Profile: Omega Global Investors

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUN 2012  |  NEWS
Omega Global Investors is a specialist fixed income investment manager based in Melbourne. Omega received a nearly AU$170m mandate from the nearly AU$6bn Local Government Super superannuation fund to implement a global government bond strategy that ...

Banks' plans address Indigenous hiring, financial exclusion

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUN 2012  |  NEWS
All four of the largest banks in Australia have set formal targets and policies to increase employment of Indigenous Australians, engage with Indigenous communities, and increase Indigenous access to financial products and services. Representatives ...