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GRI developing oil and gas sector reporting guidance

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2011  |  NEWS
The Global Reporting Initiative is developing sustainability reporting guidelines for the oil and gas sector, to be used by organizations for measuring and reporting on the economic, environmental, social, and governance dimensions of their activities ...

NSW coal miners engage in landmark stakeholder survey

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 MAY 2011  |  NEWS
Miners in the Upper Hunter Valley of New South Wales have engaged with stakeholders by commissioning a stakeholder survey to start a dialogue on the impacts of coal mining. The survey, commissioned by the New South Wales Minerals Council (NSWMC) shows ...

Integrating ESG an evolution for institutional investors

RACHEL ALEMBAKIS  |  FRIDAY, 6 MAY 2011  |  NEWS
Raising institutional investors' awareness of ESG risk and return factors is an evolution, according to Martin Goss, senior investment consultant, head of client consulting, Australia at global consultancy Towers Watson. Institutional investors can ...

Pacific Hydro to trade carbon credits from Chilean hydro project

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 MAY 2011  |  NEWS
Pacific Hydro, a renewable energy company owned by Industry Funds Management's Australian Infrastructure Fund, has received permission to create and trade carbon credits derived from a river hydro asset in Chile. The Clean Development Mechanism (CDM) ...

Woodside shareholders reject carbon disclosure resolution

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2011  |  NEWS
Woodside Petroleum Ltd shareholders - including signatories to the UNPRI - have rejected a resolution that would have amended the corporate constitution to require disclosure of the company's assumptions of future carbon prices, oil prices, demand for ...

ANZ reviewing "sensitive sector" policies

RACHEL ALEMBAKIS  |  THURSDAY, 21 APR 2011  |  NEWS
ANZ Bank is reviewing its sensitive sector policies to ensure that their corporate responsibility framework is consistent with their customer engagement in socially and environmentally sensitive sectors including water, forestry, energy and mining and ...

Global push for "report or explain" on ESG

RACHEL ALEMBAKIS  |  THURSDAY, 21 APR 2011  |  NEWS
A coalition of Australian and international sustainability organizations is calling on market regulators around the world to apply "if-not-why-not" policies for corporate sustainability reporting. The Global Reporting Initiative (GRI) has launched the ...

Australian companies fail on labour reporting

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2011  |  NEWS
An analysis of 10 large Australian companies has found that they are failing to accurately report their labour practices management and performance. Nick Edgerton, Colonial First State Global Asset Management Banarra, a Sydney-based consultancy that ...

AGL wins award for sustainability report

RACHEL ALEMBAKIS  |  FRIDAY, 1 APR 2011  |  NEWS
AGL Energy has won an award for its sustainability report at the Energy Supply Association of Australia's (ESAA) Sustainability Reporting and Innovation Awards. AGL's 2010 Sustainability Report was recognized for its "strong systematic approach to identifying ...

SP AusNet contributes to Gippsland Sports Academy

RACHEL ALEMBAKIS  |  FRIDAY, 1 APR 2011  |  NEWS
Energy distributor SP AusNet will contribute $15,000 over three years to the Gippsland Sports Academy in Victoria. "We see this as an investment in excellence - one that aims to provide greater skilling for our Gippsland youth," said Jim Haylock, SP ...