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Sustainalytics rates unmanaged ESG risk in ASX200

RACHEL ALEMBAKIS  |  FRIDAY, 18 OCT 2019  |  NEWS
The Australian listed equities benchmark has slightly less unmanaged environmental, social and governance (ESG) risk than benchmarks in the US, UK and Canada, with the exception of the Australian materials sector, which has relatively more risk than ...

CBI, WWF call upon central banks, prudential regulators for climate action

RACHEL ALEMBAKIS  |  FRIDAY, 18 OCT 2019  |  NEWS
Central banks and prudential regulators should take "accelerated action" to reduce systemic financial sector vulnerability to climate risks, increase global green capital allocation, and support transition by bank, insurers, and other financial institutions ...

ACSI issues updated Governance Guidelines for ASX300 companies

RACHEL ALEMBAKIS  |  FRIDAY, 11 OCT 2019  |  NEWS
The Australian Council of Superannuation Investors (ACSI) has updated its Governance Guidelines, reflecting the impact of the Banking and Financial Services Royal Commission and stressing the need to incorporate environmental, social and governance ...

ASIC critiques management of non-financial risk in governance review

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2019  |  NEWS
Company boards and directors are "challenged by important elements of non-financial risk management," according to the Australian Securities and Investments Commission (ASIC). Matthew Bell, EY Oceania climate change and sustainability leader ASIC this ...

Put climate resilience at the core of business strategy: WBCSD

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2019  |  NEWS
Businesses must put climate resilience at the core of strategy, and scale up investment in mitigation efforts alongside adaptation efforts, according to a new report from the World Business Council on Sustainable Development (WBCSD). Andrew Petersen ...

Climate change, ageing population to cause twin impacts: Actuaries Institute

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2019  |  NEWS
Climate change will impact the health and finances of elderly Australians at increasing rates over coming decades, necessitating wide ranging policy responses to manage social, economic and public health implications, according to a report by the Actuaries ...

Climate change impacts "top of mind" for investors: Nuveen Real Estate

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2019  |  NEWS
Climate change impacts on real estate investments is a "top of mind" concern for investors, according to the head of sustainability at Nuveen Real Estate. Abigail Dean, head of sustainability, Nuveen Real Estate Nuveen Real Estate, the investment manager ...

MSCI issues guide for investor reporting to TCFD guidelines

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2019  |  NEWS
MSCI has issued a guide aimed at assisting investors who intend to report on their climate-related risk management processes according to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Michael Salvatico, executive director ...

Christian Super signs Operating Principles for Impact Management

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2019  |  NEWS
Christian Super has become the first superannuation fund to sign the Operating Principles for Impact Management. Ross Piper, Christian Super CEO The principles were developed by the International Finance Corporation (IFC) to set a market standard for ...

Median CEO bonus payout near record high: ACSI

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2019  |  NEWS
More than half of ASX100 CEOs received at least 70% of their maximum bonus entitlement, according to the latest analysis of CEO pay by the Australian Council of Superannuation Investors (ACSI). Ed John, ACSI executive manager, governance, engagement ...