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Combet announces phase-out of solar credit mechanism

RACHEL ALEMBAKIS  |  FRIDAY, 16 NOV 2012  |  NEWS
The federal government will phase out the solar credit mechanism in January 2013, six months ahead of schedule, a move that is expected to lower the cost of electricity and curtail a potential oversupply in renewable energy certificates. Minister for ...

Hermes Fund Managers launch quant ESG equity strategy

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 NOV 2012  |  NEWS
... mandate, Hermes has tailored its exclusion list with LGS' own ESG exclusions - LGS does not invest in companies which exhibit high ESG risk, or who derive significant revenue from armaments, logging, nuclear energy, gambling and tobacco. "This is another ...

Fewer ASX companies see carbon price as a business risk

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
... Climate Change (IGCC) told The Sustainability Report during CarbonExpo in Melbourne this week. "That had been trending very high for a long time, many years, and many people felt an obligation to report carbon as a risk knowing it was coming one day ...

Environmental, operating risk to unconventional oil projects

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
The historically high price of oil is fuelling the economics of unconventional petroleum projects, but investors must factor in greater risk from environmental liabilities such as marine hydrocarbon spills and ongoing operational costs when assessing ...

Rann steps down as chairman of Low Carbon Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 NOV 2012  |  NEWS
Mike Rann has stepped down as chairman of Low Carbon Australia to take up an appointment as high commissioner to the United Kingdom. Martijn Wilder, a director of Low Carbon Australia and head of Baker and Mackenzie's global climate change and emissions ...

OECD criticises low enforcement of foreign bribery law

RACHEL ALEMBAKIS  |  FRIDAY, 2 NOV 2012  |  NEWS
The Australian government is making foreign bribery offences a priority, but enforcement of its foreign bribery laws has been "extremely low", according to a report by the Organisation for Economic Co-operation and Development (OECD). There has only ...

Australian infrastructure underprepared for climate change

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 OCT 2012  |  NEWS
Australia's infrastructure is not equipped to handle more frequent, extreme weather events and other impacts of climate change, with the electricity, road and rail and financial services sector underprepared, according to a report from The Climate Institute. ...

Low Carbon Australia finances stadium lighting upgrade

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 OCT 2012  |  NEWS
... outskirts of Gosford, NSW, has installed a AU$50,000 lighting system by Global Sustainability Initiatives (GSI). The multi-lamp high technology reflector lighting was installed in the basketball courts, stadium entrance and trampoline area in January. ...

Trustees exposed to legal risk over climate change impacts

RACHEL ALEMBAKIS  |  FRIDAY, 26 OCT 2012  |  NEWS
... risk strategies. Few funds have responded as of the publication of their report. Pension funds around the world must reprice high carbon assets in their portfolio to accurately take into account the likelihood of climate-risk related events and seek ...

Wesfarmers publishes 2012 sustainability report

RACHEL ALEMBAKIS  |  FRIDAY, 26 OCT 2012  |  NEWS
Wesfarmers reported decreases in greenhouse gas emissions and energy use, and a fall in lost time injury frequency rate, as well as increases in water consumption and declines in community contributions in its 2012 sustainability report. Wesfarmers' ...