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Northern Trust ESG index range crosses US$1 billion mark

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Northern Trust Asset Management's environmental, social and governance (ESG) index fund range has exceeded US$1 billion in assets under management, the asset manager said. The index funds reached the US$1 billion mark within six months of initial seeding. ...

UCA Funds Management release 2013 annual report

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUN 2014  |  NEWS
UCA Funds Management's assets under management grew by 10% to more than AU$900 million last year and will register their retail funds as registered managed investment schemes, according to their 2013 annual report. Michael Walsh, UCA Funds Management ...

PRI coalition calls for improved palm oil practices

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUN 2014  |  NEWS
A coalition of signatories to the Principles for Responsible Investment (PRI) has called on palm oil producers to improve practices with the aim of "decoupling palm oil production from deforestation." The PRI's Sustainable Palm Oil Investor Working ...

LUCRF selects Northern Trust for ESG-screened mandate

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAY 2014  |  NEWS
Labour Union Co-operative Retirement Fund (LUCRF) has appointed Northern Trust Asset Management's international business to manage an AU$220 million global equity index mandate that incorporates the fund's environmental, social and governance (ESG) ...

Managing ESG reputation can benefit corporate value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
Managing a company's reputation when it comes to environmental, social and governance (ESG) issues can strengthen intangible assets, corporate and financial experts said. Philipp Aeby, chief executive officer, RepRisk Speaking at a panel discussion ...

Labour rights, NGO activism and governance cited as ESG trends

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAY 2014  |  NEWS
Increased environmental and social activism by non-governmental organisations (NGOs), the rising importance of human and labour rights as a social issue for companies and a divergence between considerations of governance and social and environmental ...

Government announces plan to abolish ARENA

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 MAY 2014  |  NEWS
The Australian government has announced plans to repeal the Australian Renewable Energy Agency Act 2011 and abolish ARENA, a move that would return AU$1.3 billion to consolidated revenue. Treasurer Joe Hockey unveiled the 2014/2015 budget on Tuesday ...

Good Shepherd Microfinance receives more state funding

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAY 2014  |  NEWS
Good Shepherd Microfinance will receive a further AU$1.7 million in funding as part of the Victorian state budget. Good Shepherd Microfinance CEO Adam Mooney The additional funding, which was announced this week in the state's budget, will support for ...

NAB, GS Microfinance: more needed on financial exclusion

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
There are still more than three million Australian adults that are fully or severely excluded from financial products, lending weight to the argument for greater investment in microfinance in Australia, according to Good Shepherd Microfinance. Good ...

J.P. Morgan, GIIN report uptick in impact investing

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
The world's largest impact investors say they expect to commit US$12.7 billion to impact investments in 2014, a 19% increase over 2013, according to a survey conducted by.P. Morgan and the Global Impact Investing Network (GIIN). T he J.P. Morgan/GIIN ...