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Northern Trust ESG index range crosses US$1 billion mark

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Northern Trust Asset Management's environmental, social and governance (ESG) index fund range has exceeded US$1 billion in assets under management, the asset manager said. The index funds reached the US$1 billion mark within six months of initial seeding. ...

KPMG finds companies invest $12.2bn in social programs

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
One hundred of the world's largest companies made investments in social programs valued at US$12.2 billion in 2013, but less than a third of those companies are reporting on the impact of those investments, according to a new global report by KPMG International. ...

Westpac reports progress on sustainability targets

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
... revealed progress on its sustainability strategy and is conducting a review of its environmental, social and governance (ESG) risk framework, a biennial process that is considered a "refresh", said Siobhan Toohill, head of group sustainability and community. ...

LUCRF selects Northern Trust for ESG-screened mandate

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAY 2014  |  NEWS
... mandate that excludes specific names," McIntosh told The Sustainability Report. "However, I want the portfolio to have the same risk/return profile as the overall benchmark.... I have clear ideas on how to run an index mandate, but Northern Trust were ...

Future Fund hires new head of ESG risk management

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAY 2014  |  NEWS
The Future Fund has hired appointed Joel Posters as its new head of environmental, social and governance risk management. Posters will start in August after relocating to Australia from The Netherlands. He was most recently global head of sustainability ...

ASIC guide widens scope of risk, future prospect disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
... don't just list out generic risks, we want you to go further." RG 247 recommends that an OFR should include a discussion of risk that could affect financial prospects, and not contain "an exhaustive list of generic risks", and more specifically references ...

Net Balance, Gold Standard report on co-benefits value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
Robustly designed climate mitigation projects can deliver environmental, social and economic benefits resulting in greater financial impact than previously calculated, according to a study from The Gold Standard. Neil Salisbury, director, Net Balance ...

Managing ESG reputation can benefit corporate value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
... provider of data on ESG risks for companies and projects. While company boards consider core business failure to be the biggest risk, when it comes to reputation, the biggest impacts over the last eight years have not been from core business failure ...

Sustainability reporting a source of key business value

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAY 2014  |  NEWS
... a report, Tomorrow's investment rules, which found that investors are using non-financial performance as a benchmark for risk. However, the report found there is a wide variation in how investors evaluate non-financial disclosures and there are concerns ...

AXA IM develops impact investing fund of funds

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAY 2014  |  NEWS
... year to develop its impact investing strategy. "Impact investing is a positive story, as opposed to some of the defensive, risk-minimisation narratives that exist around responsible investment themes," Christensen said. AXA IM has allocated EUR150 million ...