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Food Loss and Waste Accounting Standard launched

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2016  |  NEWS
A multi-stakeholder partnership has developed and launched the Food Loss and Waste Accounting and Reporting Standard (FLW Standard), designed to set global definitions and reporting requirements for managing food loss and waste. The Food Loss and Waste ...

Video: Investing and human rights

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2016  |  NEWS
Human rights are a growing concern amongst global investors. As investing becomes more transparent, owning companies that breach global conventions on human rights carries greater reputational risk, which can potentially have a material impact on company ...

Companies "show variation" on ESG disclosures: Company Matters

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2016  |  NEWS
Disclosure of environmental, social and governance (ESG) risks by ASX-listed companies is varied, with some companies not complying and coming up short. KPMG has analysed the disclosures of listed companies against the ASX Corporate Governance Council's ...

Verdia to assist companies on energy efficiency project design

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2016  |  NEWS
... through solar and energy efficiency expert Verdia, Westpac said. Verdia can help businesses design effective projects, procure high quality equipment and assist with ongoing asset management. Verdia's service offering enables property owners to access ...

Victorian government to pilot social impact bonds

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 JUN 2016  |  NEWS
The Victorian state government will fund a program to pilot social impact bonds (SIBs). Rosemary Addis, chair of the Australian Advisory Board on Impact Investing and Impact Investing Australia As part of the 2016/2017 Victorian budget, the Andrews ...

Companies, investors assessing Sustainable Development Goals

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAY 2016  |  NEWS
... turned their attention to the SDGs, said Matthew Bell, Oceania climate change and sustainability services leader at EY. "At a high level, it's worth saying that there are a good number of companies in Australia that are doing nothing yet, and they don't ...

Conduct risk a concern for financial services sector: Ausbil

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAY 2016  |  NEWS
... down the chain," Carlsson-Sweeny said. "Their remuneration structures can be very short term, which presents a situation of high upside return for low downside risk for breaches. That's a thematic issue for the financial services industry as a whole." ...

Westpac Group issues $500m climate bond

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAY 2016  |  NEWS
Westpac Group has issued an AU$500 million climate bond to fund renewable energy and low carbon commercial property in Australia. Siobhan Toohill, Westpac The funds from the bond from the Westpac Climate Bond will be allocated to seven wind energy facilities ...

CEFC commits to Westpac Efficient Financing Program

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 MAY 2016  |  NEWS
... through solar and energy efficiency expert Verdia, Westpac said. Verdia can help businesses design effective projects, procure high quality equipment and assist with ongoing asset management, said Alastair Welsh, Westpac general manager, commercial. ...

CFSGAM publishes ninth responsible investment report

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2016  |  NEWS
... emissions, stranded asset risk, physical impacts and value chain considerations. For example, companies may have a low or a high direct carbon footprint but their products may impact positively/negatively on climate change risk, this is not captured ...