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DEXUS profits up, water, energy and GHG intensity down

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 SEP 2011  |  NEWS
DEXUS Property Group reported a net profit for the 2011 financial year of AU$553m, an increase of AU$521.6m over last year, while decreasing energy, greenhouse gas and water intensity across its entire portfolio. DEXUS owns, manages and develops office ...

Sustainability measures decline in information technology

RACHEL ALEMBAKIS  |  FRIDAY, 23 SEP 2011  |  NEWS
... consumer of energy, globally responsible for 3% of greenhouse gas emissions, said Alison Rowe, Fujitsu's global executive director sustainability, in a preface to the report. "ICT is responsible for 5-10% of the typical economy's total electricity consumption," ...

ESG analysis now part of mainstream investment management

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 SEP 2011  |  NEWS
... indices will be developed that can more accurately attribute performance to ESG factors, said Frank Nielsen, executive director and head of applied research at MSCI. "MSCI indices could be used as a benchmark, but it's early days," Nielsen said. "Over ...

Carbon price an "entry point" for sustainability discussion

RACHEL ALEMBAKIS  |  FRIDAY, 16 SEP 2011  |  NEWS
... risk with CFOs and other financial executives who don't currently report on sustainability, according to Aaron Magner, director of sustainability at the University of New South Wales. "Once the carbon tax is resolved it will become a financial issue ...

Companies increasing remuneration report transparency

RACHEL ALEMBAKIS  |  FRIDAY, 9 SEP 2011  |  NEWS
... dump a board of directors, according to AMP Capital Investors. The Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011, better known as the "two strikes and you're out" test, was passed in June of this year. ...

Fuji Xerox Australia reports waste reduction, increase in injury rates

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 SEP 2011  |  NEWS
... through the implementation of a national pallets recycling scheme at our warehouses," said Nick Kugenthiran, managing director, Fuji Xerox Australia, in the sustainability report. But the company was not able to reduce its greenhouse gas emissions from ...

Australian property funds top GRESB list

RACHEL ALEMBAKIS  |  FRIDAY, 2 SEP 2011  |  NEWS
... energy and other resources by the real estate sector can structurally reduce energy consumption," said Nils Kok, executive director of the GRESB Foundation. "The data shows that Australian fund managers in the commercial property sector have made big ...

Metcash drop paper supplier over Indonesian foresting concerns

RACHEL ALEMBAKIS  |  FRIDAY, 2 SEP 2011  |  NEWS
... stakeholders, including environmental groups, to better understand the complex issues involved," said Officeworks Managing Director Mark Ward. "That review is now completed and we have reached the decision to suspend all procurement of APRIL products ...

James Thier retires from Australian Ethical

RACHEL ALEMBAKIS  |  FRIDAY, 26 AUG 2011  |  NEWS
James Thier, a founding director of Australian Ethical Investment, has retired from the company as of last week. Australian Ethical is a fund manager with AU$650m in assets under management, specialising in ethical and sustainable investment since its ...

DEXUS appoint Tonianne Dwyer independent director

RACHEL ALEMBAKIS  |  FRIDAY, 26 AUG 2011  |  NEWS
DEXUS Property Group has appointed Tonianne Dwyer as an independent director. Dwyer served from 2006-2010 as director of Quintain Estates and Development, a listed United Kingdom property company engaged in funds management, investment and urban regeneration ...