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HESTA creates first Reconciliation Action Plan

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 AUG 2015  |  NEWS
HESTA has launched its first Reconciliation Action Plan (RAP), outlining steps the fund will take to engage with Aboriginal and Torres Strait Islander stakeholders. HESTA is the first superannuation fund to sign a RAP, which has been endorsed by Reconciliation ...

NZ Super Fund releases PRI report, assessment

RACHEL ALEMBAKIS  |  FRIDAY, 14 AUG 2015  |  NEWS
The United Nations Principles for Responsible Investment (PRI) has given the New Zealand Superannuation Fund (NZ Super Fund) an A+ for its overall approach to responsible investment. NZ Super Fund has released its 2015 PRI report, as well as the PRI's ...

Responsible investment reaches 50% total AUM: RIAA

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 AUG 2015  |  NEWS
Responsible investment assets reached AU$630 billion in assets, while core responsible investment assets reached AU$31.6 billion in 2014, according to the Responsible Investment Association Australasia (RIAA) benchmark report. Simon O'Connor, RIAA CEO ...

ACCR considers appeal in Commonwealth Bank case

RACHEL ALEMBAKIS  |  FRIDAY, 7 AUG 2015  |  NEWS
The Australasian Centre for Corporate Responsibility (ACCR) is considering whether to appeal a federal court decision that affirms the right of companies to refuse ordinary resolutions to their annual general meeting (AGM). Last year, ACCR put a resolution ...

UCA Funds Management select Northern Trust

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 AUG 2015  |  NEWS
UCA Funds Management has selected Northern Trust as its custodian. Last week, UCA Funds Management announced it would complete the process to become a responsible entity (RE) and have two of their funds registered managed investment schemes this year. ...

Court back Commonwealth Bank in ACCR case

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The Federal Court in Melbourne has ruled in favour of Commonwealth Bank of Australia in a case brought by the Australasian Centre for Corporate Responsibility (ACCR) and Environmental Justice Australia on the right of shareholders to put a resolution ...

NCD launches Soft Commodities Forest-risk Assessment Tool

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The majority of global financial institutions do not have policies requiring clients to comply with local, national and international laws and regulations relating to forest conservation, according to the Natural Capital Declaration (NCD) and the UN ...

ACCR to lodge carbon disclosure resolutions for AGL AGM

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
The Australasian Centre for Corporate Responsibility (ACCR) is lodging resolutions for AGL's annual general meeting (AGM) demanding the company set a quantitative target for annual reductions on emissions from power generation activities, among other ...

Super boards can add value with ESG focus: BNP Paribas

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
Superannuation boards can add value by reflecting the demographics of membership at large, and by focusing on environmental, social and governance (ESG) issues, according to a survey of the superannuation industry. BNP Paribas Securities Services and ...

Investors consider corporate pay links to climate change goals

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
As institutional shareholders continue to engage with listed mining companies over risks like climate change and stranded assets, linking executive remuneration to achievements such as reserve replacement is one tool that is coming into consideration. ...