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KPMG: sustainability strategies driven by cost reduction, environment

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2011  |  NEWS
More than 60% of companies surveyed in a global KPMG report say they have a strategy for corporate sustainability, with cost reduction a key rationale and a primary focus on the environmental side, particularly on resource and energy efficiency. According ...

ACSI selects new president, deputy president

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 MAY 2011  |  NEWS
... of not-for-profit superannuation within Australia," said O'Sullivan, the outgoing president. Donohue is Cbus Super's executive manager investments and serves as ACSI's Cbus representative. ACSI is an advisory body formed by a coalition of superannuation ...

Diane Grady appointed to Macquarie board

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2011  |  NEWS
Macquarie Group has appointed Diane Grady to its board as a non-executive director, making her the third woman on the board. The appointment is effective as of 19 May. Grady has been a full time independent director since 1994 and has served on boards ...

Global push for "report or explain" on ESG

RACHEL ALEMBAKIS  |  THURSDAY, 21 APR 2011  |  NEWS
... could persuade more companies to report rather than to explain why they don't," said Teresa Fogelberg, deputy chief executive of GRI. "If a company doesn't report its sustainability performance but explains the reason publicly, we would all have the ...

Westpac targets 40 percent women in senior management by 2014

RACHEL ALEMBAKIS  |  FRIDAY, 15 APR 2011  |  NEWS
The Westpac Group has committed to increasing the number of women in senior leadership roles to 40 percent by 2014. Westpac announced this move in a report, On Target, to demonstrate their performance against the UN Women's Empowerment principles, released ...

Nominations open for GRI's Stakeholder Council

RACHEL ALEMBAKIS  |  FRIDAY, 15 APR 2011  |  NEWS
... director, Net Balance Foundation; Caroline Noller, head, corporate responsibility, the GPT Group; Julian E. C. Poulter, executive director, The Global Asset Owners Disclosure Project and the Climate Institute; and Stella Whittaker, senior executive ...

GRI releases new standards for sustainability reporting

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2011  |  NEWS
... the new Technical Protocol, which will help companies determine what to report on," said Nelmara Arbex, deputy chief executive of GRI. "We are very pleased to be launching the GRI G3.1 Guidelines.... Together, the Protocol and the new guidance in G3.1 ...

PRI hires Rob Lake as director of strategic development

RACHEL ALEMBAKIS  |  FRIDAY, 1 APR 2011  |  NEWS
... lot of value to signatories and the entire team who will benefit from his knowledge and guidance," said James Gifford, executive director, PRI.

Sustainability reporting: the drive towards integration

RACHEL ALEMBAKIS  |  THURSDAY, 24 MAR 2011  |  NEWS
... during the global financial crisis." "Our view on ESG reporting is that it's a work in progress," said Tim Sheehy, CSA's executive director. For the CSA Chartered Secretaries of Australia, the way to introduce ESG reporting is via Principle 7 of the ...

Australian companies asked to disclose water exposure

RACHEL ALEMBAKIS  |  THURSDAY, 24 MAR 2011  |  NEWS
... that exposure to water scarcity will have a material impact on investments in the medium term, according to the chief executive of the Investor Group on Climate Change (IGCC). To enhance the understanding of the IGCC's institutional asset owner base ...