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Assessing fossil fuel value in an "unburnable carbon" world

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2013  |  NEWS
Slightly more than 14% of the ASX200 market capitalisation is based on fossil fuels, and the value of fossil fuel assets is at risk in a carbon constrained world, but the risk is not evenly distributed across all resources or across a long term time ...

Low Carbon Australia finances Golden North project

RACHEL ALEMBAKIS  |  FRIDAY, 12 APR 2013  |  NEWS
Ice cream brand Golden North has received financing from Low Carbon Australia to improve its refrigeration as part of an AU$3 million expansion project. Golden North spend will spend AU$895,000 in refrigeration improvements as part of the expansion ...

Climate Institute calls for long-term national carbon budget

RACHEL ALEMBAKIS  |  WEDNESDAY, 10 APR 2013  |  NEWS
The Climate Institute is calling on the Climate Change Authority (CCA) to establish a "scientifically robust" carbon budget for Australia. Erwin Jackson, deputy CEO, The Climate Institute A long-term carbon budget would "properly recognise the risks ...

Westpac focuses on demographics, environment in strategy

RACHEL ALEMBAKIS  |  FRIDAY, 5 APR 2013  |  NEWS
Westpac Group has focused on three priority areas in its 2013-2017 sustainability strategy -responding to shifts in demographic and cultural change, creating economic solutions to environmental challenges, and helping customers achieve sustainable financial ...

Australian companies weigh in on Integrated Reporting pilot

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 APR 2013  |  NEWS
Using the prototype integrated reporting (IR) framework released by the International Integrated Reporting Council (IIRC) has yielded better communication between internal stakeholders and more robust conversations about materiality, strategic focus ...

NAB publishes 2013 plan for Indigenous employment, inclusion

RACHEL ALEMBAKIS  |  THURSDAY, 28 MAR 2013  |  NEWS
National Australia Bank (NAB) has released its 2013 reconciliation action plan (RAP) outlining their approaches to employing Indigenous Australians, addressing financial exclusion, building partnerships with indigenous organisations and traditional ...

IGCC releases reports analysing climate change impacts

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 MAR 2013  |  NEWS
The Investor Group on Climate Change (IGCC) have released three reports analysing the impacts of climate change, energy cost and carbon risk on investments in the mining and minerals, property and construction, and oil and gas sectors. The likelihood ...

Social Enterprise Finance Australia hires Ben Gales as CEO

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 MAR 2013  |  NEWS
Social Enterprise Finance Australia (SEFA) has hired Ben Gales as chief executive officer. Gales will start on 2April and comes to SEFA having formerly worked as a director at the NSW Department of Family and Community Services and has also worked in ...

Northern Trust launches emerging markets ESG index, fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 MAR 2013  |  NEWS
Northern Trust has created an emerging markets equities index integrating environmental, social and governance (ESG) screens and has launched a passive pooled fund managed to the index. Northern Trust has built the index in collaboration with MSCI ESG ...

City of Sydney signs first environmental upgrade agreement

RACHEL ALEMBAKIS  |  FRIDAY, 22 MAR 2013  |  NEWS
Eureka Funds Management and Frasers Property have signed the City of Sydney's first environmental upgrade agreement (EUA) - a $26.5 million financing deal that will fund the construction of a gas-powered trigeneration plant to provide energy to an upcoming ...