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Sustainable Business Australia names John Hewson chair

RACHEL ALEMBAKIS  |  WEDNESDAY, 24 OCT 2018  |  NEWS
... Australia as chair comes at crucial time as questions of corporate accountability and leadership become key community and investor issues," said Andrew Petersen, CEO of Sustainable Business Australia. "John's expertise and pragmatic business approach ...

ACSI finalist for 2018 Human Rights Business Award

RACHEL ALEMBAKIS  |  WEDNESDAY, 24 OCT 2018  |  NEWS
The Australian Council of Superannuation Investors (ACSI) is one of five finalists for the 2018 Human Rights Business Award. Louise Davidson, ACSI CEO The Human Rights Business Award is adjudicated by the Australian Human Rights Commission (AHRC). "Australian ...

40% of Chinese Coal Power Plants are Losing Money: Carbon Tracker

RACHEL ALEMBAKIS  |  TUESDAY, 16 OCT 2018  |  NEWS
Nearly half of China's coal power stations are making losses, and their owners could save "nearly US$390 billion by closing plants in line with the Paris Climate Agreement," according to an innovative new study by Carbon Tracker, Matthew Gray, Carbon ...

BayernLB joins Climate Bond Initiative as Climate Bonds Partner

RACHEL ALEMBAKIS  |  TUESDAY, 16 OCT 2018  |  NEWS
... partnership with BayernLB, which is a very active player in the green finance segment," said Manuel Adamini, head of investor engagement, Climate Bonds Initiative. "Within European green finance markets, we see increasing momentum in Germany, led by ...

CAER urges investors to consider ESG risks of cannabis companies

RACHEL ALEMBAKIS  |  FRIDAY, 28 SEP 2018  |  NEWS
... in the same group as heroin. In addition to the growth in the industry, two other factors influence whether or not an investor has considered the presence of cannabis in their portfolio: local geographical regulations; and uncertainty around terminology ...

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 ...

United Nations Development Programme launches SDG Impact

RACHEL ALEMBAKIS  |  FRIDAY, 28 SEP 2018  |  NEWS
The United Nations Development Programme (UNDP) has launched SDG Impact, an initiative designed to help channel private investment and capital into the achieving the Sustainable Development Goals (SDGs). "As outlined in the Secretary-General's vision ...

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 ...