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A4S to address sustainability, disclosure at World Congress of Accountants

RACHEL ALEMBAKIS  |  TUESDAY, 16 OCT 2018  |  NEWS
The Accounting for Sustainability Project (A4S) initiative will press the case for greater engagement around sustainability and the impact of environmental, social and economic issues on financial outcomes at the 20 th World Congress of Accountants ...

BayernLB joins Climate Bond Initiative as Climate Bonds Partner

RACHEL ALEMBAKIS  |  TUESDAY, 16 OCT 2018  |  NEWS
BayernLB has joined the Climate Bonds Initiative as a Climate Bonds Partner. BayernLB is a leading financial services provider for the Bavarian and German economies, serving Mittelstand companies and large corporates, savings banks and public authorities ...

CAER urges investors to consider ESG risks of cannabis companies

RACHEL ALEMBAKIS  |  FRIDAY, 28 SEP 2018  |  NEWS
With Canada and several large American states legalising the recreational use of cannabis, responsible investors should look to establishing policies addressing the emerging cannabis industry, according to CAER. In a recent article, CAER's Jacob Laurent ...

Diverse boards can provide "profitability moat" to future returns

RACHEL ALEMBAKIS  |  FRIDAY, 28 SEP 2018  |  NEWS
The level of board diversity is associated with higher contemporaneous return on equity, and can also be a predictor of a company's ability to protect future profits, according to new research from AXA IM Rosenberg Equities. Kathryn McDonald, director ...

ACSI names Kate Griffiths to executive manager role

RACHEL ALEMBAKIS  |  FRIDAY, 28 SEP 2018  |  NEWS
The Australian Council of Superannuation Investors (ACSI) has appointed Kate Griffiths to the role of executive manager, public policy and advocacy. Louise Davidson, ACSI CEO In her new role, Griffiths will be responsible for developing and implementing ...

GPIF selects S&P Down Jones Indices for ESG benchmarks

RACHEL ALEMBAKIS  |  FRIDAY, 28 SEP 2018  |  NEWS
The Government Pension Investment Fund for Japan (GPIF) has selected two carbon efficient indices from S&P Dow Jones Indices (S&P DJI) as the benchmark for their ESG investment strategy. S&P DJI has launched the S&P Global Carbon Efficient Indices include ...

ASIC report finds 17% of ASX300 identify climate as material risk

RACHEL ALEMBAKIS  |  FRIDAY, 21 SEP 2018  |  NEWS
The Australian Securities and Investments Commission (ASIC) has issued its first report on climate risk disclosures by ASX300 companies. While the statistics discussed in the report are familiar to those who have read similar reports by investment bodies ...

Local Government Super becomes signatory to Green Bond Pledge

RACHEL ALEMBAKIS  |  FRIDAY, 21 SEP 2018  |  NEWS
Local Government Super (LGS) has become a founding signatory to the Green Bond Pledge. Bill Hartnett, head of sustainability, Local Government Super The Green Bond Pledge is an international declaration that all bonds financing long-term infrastructure ...

ACCR files resolution to Qantas AGM over deportations and removals

RACHEL ALEMBAKIS  |  FRIDAY, 14 SEP 2018  |  NEWS
The Australasian Centre for Corporate Responsibility (ACCR) and the Refugee Advice and Casework Service (RACS) have co-filed a shareholder resolution calling on Qantas to stop deportations and removals to danger of asylum seekers and refugees. Brynn ...

Australia, New Zealand real estate tops GRESB benchmark

RACHEL ALEMBAKIS  |  FRIDAY, 14 SEP 2018  |  NEWS
Australia and New Zealand's real estate sector has outperformed other regions in environmental, social and governance (ESG) performance for the eighth year in a row, according to the 2018 GRESB benchmark. (Source: GRESB) This year, the region achieved ...