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Australian CSR professionals appear unprepared for Modern Slavery Act: Deloitte

RACHEL ALEMBAKIS  |  FRIDAY, 4 MAY 2018  |  NEWS
Australian business appear unprepared for the imminent introduction of the Modern Slavery Act 2018, according to the findings of Deloitte's 2018 Annual Review of the State of CSR in Australia and New Zealand report. Leeora Black, partner, Deloitte The ...

Responsible investment to become "the new normal": AXA IM

RACHEL ALEMBAKIS  |  FRIDAY, 4 MAY 2018  |  NEWS
Responsible investment will become the 'new normal' in the next three to five years, according at AXA Investment Management (AXA IM). Matt Christensen, global head of responsible investment, AXA IM AXA IM this week hosted a panel discussion focusing ...

Climate-related shareholder resolutions put to Rio Tinto, QBE AGMs

RACHEL ALEMBAKIS  |  FRIDAY, 4 MAY 2018  |  NEWS
In watershed votes on climate-related issues, more than 18% of shareholders at Rio Tinto and QBE backed resolutions related to climate change-related risk. Bill Hartnett, head of sustainability, Local Government Super On May 2, Rio Tinto held its Australian ...

Future of mobility requires key action by business, policy makers: SBA

RACHEL ALEMBAKIS  |  FRIDAY, 27 APR 2018  |  NEWS
Radical shifts in the future of and mobility require business and policy makers to play a key role in delivering sustainable transport solutions, according to research from Sustainable Business Australia (SBA). Andrew Petersen, CEO, Sustainable Business ...

Regnan research finds correlation between company performance, conduct culture

RACHEL ALEMBAKIS  |  FRIDAY, 27 APR 2018  |  NEWS
... board is best placed to be stewards of conduct culture. "This is the missing link. For many directors, they think of the Corps Act and interpret it narrowly," Vamos said. "We're saying this behaviour impacts your longer term share price, and it could ...

Ausbil outlines 2017 engagement activities in annual report

RACHEL ALEMBAKIS  |  FRIDAY, 27 APR 2018  |  NEWS
... of new legislation affecting data and privacy as regulatory issues. "In terms of cyber security, we have the Data Privacy Act," Carlsson-Sweeny said. "That will change the focus. With what's happened to Facebook - that's going to be a big catalyst as ...

ESG analysis important to emerging market credit: Insight Investment

RACHEL ALEMBAKIS  |  FRIDAY, 20 APR 2018  |  NEWS
Environmental, social and governance (ESG) analysis is an important part of credit analysis for emerging market debt, according to Insight Investment. Insight Investment, a $1.012 trillion global asset manager owned by BNY Mellon, notes that they integrate ...

Rising importance of sustainability in the commercial real estate industry

RACHEL ALEMBAKIS  |  FRIDAY, 20 APR 2018  |  NEWS
Editor's note: The Sustainability Report is pleased to run this comment piece from Cromwell Property Group By Bobby Binning, Head of Property at Cromwell Property Group Bobby Binning, Head of Property at Cromwell Property Group Institutional investors ...

Examining the corporate governance implications of share buybacks

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2018  |  NEWS
When companies announce share buybacks, are they returning value to shareholders, propping up earnings per share statistics, or responding to perverse incentives in executive remuneration? Since the US government passed significant corporate tax cuts ...

CEFC invests $150 million with IFM Australian Infrastructure Fund

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2018  |  NEWS
The Clean Energy Finance Corporation (CEFC) is investing $150 million in the IFM Investors' managed IMF Australian Infrastructure Fund, which will target emissions reduction and energy efficiency initiatives across IFM-owned assets. Ian Learmonth, CEO ...