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Poor disclosure around labour hire workforce in listed companies: ACCR

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAY 2020  |  NEWS
More than 40 percent of ASX100 listed companies in the mining, construction, and commercial cleaning sectors have made no material disclosure about their labour hire and/or contracting workforce in annual reporting documents, according to research from ...

IFM Investors report carbon emission reduction in Australian infrastructure

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAY 2020  |  NEWS
IFM investors is reporting a nearly 8% reduction in carbon emissions across its Australian infrastructure portfolio in the 2018/2018 financial year. Chris Newton, head of responsible investing at IFM Investors. The IFM Investors' FY 2019 Australian ...

BIG W joins Action Collaboration Transformation on Living Wages

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAY 2020  |  NEWS
BIG W has joined the Action Collaboration Transformation on Living Wages (ACT). BIG W, a division of Woolworths Group, joined ACT in March 2020 and will collaborate with ACT members to drive progress in improving wages in the global garment and footwear ...

Pioneer issuance puts COVID-19 bonds on investment agenda

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  NEWS
... experiencing, Jenkins said. "We're very confident that the market will be supported, and it will be a question of time and investor appetite and ability to subscribe," Jenkins said. "In all our discussions so far, the motivations are the same. COVID-19 ...

Increased integration of ESG in securities lending: State Street Associates

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  NEWS
... identified several main findings - short selling facilitated by securities lending, improves market efficiency; regulation and investor demands are driving the adoption of sustainable investment strategies; lenders are attempting to integrate ESG into ...

More than a third of investors back Rio Tinto climate resolution

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  NEWS
... comparable to the carbon footprint of Australia. This is a staggering level of climate risk for any company, and hence for any investor, to bear. With rival miners such as BHP, Vale and Glencore having already committed to set scope 3 targets, Rio has ...

Hong Kong regulators establish sustainable finance steering group

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  NEWS
... of HKMA. "Our robust green bond platform is underpinned by supportive government policies, strong expertise, and broad investor base. The HKSAR Government's inaugural green bond issuance also helped to set an important new benchmark. "Looking ahead ...

CEFC to oversee $300m Advancing Hydrogen Fund

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  NEWS
... accelerating the contribution of renewable energy across the economy." Learmonth noted that using CEFC capital can "help build investor confidence in the emerging hydrogen sector, which is an exciting extension of our investment focus." Projects seeking ...

Identifying potential risks of COVID-19 and modern slavery in supply chain

RACHEL ALEMBAKIS  |  FRIDAY, 1 MAY 2020  |  NEWS
... increasing concern that the impacts of COVID-19 will exacerbate conditions causing modern slavery in supply chains, opening up investor and business risk as well as questions about compliance with Modern Slavery Act reporting. Earlier this week, Assistant ...

Woodside AGM climate resolution receives majority support

RACHEL ALEMBAKIS  |  FRIDAY, 1 MAY 2020  |  NEWS
... in terms of who they send to meet us. Some send the COO or CEO or board chairman, but in other companies, we meet with investor relations. I think we would hope that the company starts to take us more seriously. "Longer term, this is, we have to really ...