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World Bank issues $300m Australian Kangaroo Green Bond

RACHEL ALEMBAKIS  |  THURSDAY, 17 APR 2014  |  NEWS
The World Bank has issued a AU$300 million, five-year fixed rate Australian-dollar denominated Kangaroo Green Bond, the first ever in the Australian domestic market. Mark Goddard, executive director, head of debt securities, Westpac Institutional Bank ...

Green Bond Principles jumps to 25 banking supporters

RACHEL ALEMBAKIS  |  THURSDAY, 17 APR 2014  |  NEWS
The Green Bond Principles - a set of voluntary guidelines on the development and issuance of green bond - nearly doubled its number of supporters to 25 and the International Capital Market Association (ICMA) has been appointed secretariat. The Green ...

European Parliament adopts standards for ESG disclosure

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 APR 2014  |  NEWS
The European Parliament has adopted a measure requiring large European companies to disclose environmental, social and governance information as part of their annual reporting. Internal Market and Services Commissioner Michel Barnier Companies with ...

New Forests releases 2013 sustainability report

RACHEL ALEMBAKIS  |  FRIDAY, 11 APR 2014  |  NEWS
Forestry and environmental markets fund manager New Forests has completed investing and closing in three funds in Australia and New Zealand and Asia and engaged in conservation and community engagement activities across its assets, the company reported ...

ASX reports on progress towards gender diversity targets

RACHEL ALEMBAKIS  |  FRIDAY, 11 APR 2014  |  NEWS
Nearly all ASX-listed companies have adopted gender diversity policies or explained why not, but there is still a wide difference in performance when it comes to setting measurable objectives and disclosure of the proportion of women in organisations ...

PRI moving ahead with governance review, disclosure regime

RACHEL ALEMBAKIS  |  FRIDAY, 4 APR 2014  |  NEWS
Fiona Reynolds, managing director of the United Nations-affiliated Principles for Responsible Investment (PRI), has said that she would like to see the organisation's governance review process "done and dusted" by the end of 2014. Fiona Reynolds, UN ...

IIRC, GISR agree to collaborate on integrated standards

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 APR 2014  |  NEWS
The International Integrated Reporting Council (IIRC) and the Global Initiative for Sustainability Ratings (GISR) have agreed to work towards complementarity and compatibility in the ongoing development of their frameworks and standards. Paul Druckman ...

SVA suggests reform for social enterprise capital funding

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 APR 2014  |  NEWS
Social Ventures Australia (SVA) has suggested establishing a dedicated social 'investment bank' as one means of increasing access to capital for social sector enterprises. Ian Learmonth, executive director of impact investing, Social Ventures Australia ...

ASX includes ESG language in corporate governance guidance

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
The Australian Securities Exchange (ASX) has recommended that listed companies disclose how economic, environmental and social sustainability risks are being identified and managed. This week the ASX Group's Corporate Governance Council published a ...

ESG integration into quantitative investment management

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
There is a growing use of environmental and social factors as part of quantitative investment techniques in equity portfolios, with fund managers integrating ESG data to either screen out undesired stocks, or to create customised benchmarks that tilt ...