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First State Super signs Australian Asset Owner Stewardship Code

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAY 2019  |  NEWS
First State Super has become a signatory to the Australian Asset Owner Stewardship Code. Louise Davidson, ACSI CEO The Code was developed by the Australian Council of Superannuation Investors (ACSI) and "provides principles and guidance to promote higher ...

Rise of automation to drive emergence of "super jobs": Deloitte

RACHEL ALEMBAKIS  |  THURSDAY, 18 APR 2019  |  NEWS
The rise of automation in recent years is driving the vast majority of Australian businesses to hire people with different skills, with the use of robotics and artificial intelligence set to increase or increase significantly over the next three years ...

Australian government awards $1.23m to Impact Investment Exchange

RACHEL ALEMBAKIS  |  THURSDAY, 18 APR 2019  |  NEWS
The Australian government's Department of Foreign Affairs and Trade (DFAT) has awarded AU$1.23 million to Impact Investment Exchange (IIX) - a global organization driving impact investing - to develop the ecosystem for gender lens investing in Asia. ...

Climate risk necessitates short and long term stress testing: Mercer

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2019  |  NEWS
Investing in climate solutions can bring a low carbon transition premium for institutional investors, increasing the urgency for investors to gauge short term as well as long-term impacts of climate change according to new research from Mercer. Helga ...

Baptist World Aid Australia rates fashion companies on human rights

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2019  |  NEWS
More than two thirds of apparel companies around the world can demonstrate tracing all final stage suppliers for human rights and environmental exposures, but only 18?% have traced input suppliers and 8% have traced all material suppliers, according ...

Global responsible investment assets top US$30 trillion: GSIA

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2019  |  NEWS
Global responsible investment assets reached US$30.7 trillion at as of the beginning of 2018, a 34% increase over 2016, according to the Global Sustainable Investment Alliance (GSIA). Simon O'Connor, RIAA CEO GSIA has released its Global Sustainable ...

NZ Super to divest from gun manufacture investments

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2019  |  NEWS
NZ Super Fund will divest from $19 million of investments in companies involved in the manufacture of civilian automatic and semi-automatic firearms, magazines or parts prohibited under New Zealand's tough new gun law. The move by the Guardians of New ...

Woolworths Group to become first Australian retailer to issue Green Bonds

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2019  |  NEWS
Woolworths Group will issue Green Bonds certified by the Climate Bonds Initiative (CBI). Projects that could be supported by the bonds include the implementation of energy efficiency initiatives such as the installation of solar panels on the roofs ...

Australian Sustainable Finance Initiative sets ambitious investment agenda

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
The big four banks, Australia's largest superannuation funds, insurance companies and industry groups have launched the Australian Sustainable Finance Initiative, a collaborative group to steer investment towards human wellbeing, social equity and environmental ...

AASB, AuASB statement raises stakes on disclosure of climate-related risk

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
A joint guidance statement by the Australian Accounting Standards Board (AASB) and Auditing & Assurance Standards Board (AuASB) on the integration of climate change-related risks into financial statement materiality considerations has intensified the ...