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Superannuation funds increasingly act, invest sustainably

RACHEL ALEMBAKIS  |  FRIDAY, 11 MAY 2012  |  NEWS
While 80% of superannuation funds have told research firm SuperRatings that they believe they have a responsibility to operate sustainably, only 20-30% of those respondents measure and report energy, waste and water usage regularly. In their annual ...

SAP: sustainability for innovation as well as cost reduction

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 MAY 2012  |  NEWS
SAP, the business management software provider, has integrated sustainability metrics into its corporate strategy for both internal cost reductions and as a source of corporate innovation, using a stakeholder body of executives and customers to gather ...

NAB partners to launch Victorian microfinance retail hubs

RACHEL ALEMBAKIS  |  FRIDAY, 4 MAY 2012  |  NEWS
... payday lenders have a very different offering that often contributes directly to financial hardship or crisis due to very high fees or hidden conditions." The initiative will provide access to no-interest loans, which will be administered by Good Money ...

LGS audit finds ASX has higher carbon, lower ESG risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 MAY 2012  |  NEWS
Local Government Super (LGS) has conducted a carbon and ESG audit of its equity portfolios and found that while domestic Australian equities are more carbon intensive, they have a lower ESG risk than international peers. Bill Hartnett The audits show ...

LCA-financed retrofitted office building sells for $12.25m

RACHEL ALEMBAKIS  |  FRIDAY, 20 APR 2012  |  NEWS
A commercial property in Brisbane that underwent an energy efficient retrofit financed by Low Carbon Australia has been sold for AU$12.25m, representing a 17% internal rate of return (IRR). O'Connell's OBM House, an office building at 26 Wharf Street ...

IIGCC calls for reform to EU Emissions Trading Scheme

RACHEL ALEMBAKIS  |  FRIDAY, 20 APR 2012  |  NEWS
... Pfeiffer, IGCC executive director. "This is not happening.... At under seven euros per tonne, the carbon price is not even high enough to support a switch from coal to gas. "As long-term investors, IIGCC members are concerned that current exceptionally ...

International human rights law impacts Australian companies

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2012  |  NEWS
Australian companies are exposed to risks stemming from human rights issues, and should be aware of international laws and frameworks creating obligations or pressure to set, implement and monitor human rights policies. Although there is not one set ...

CSA warns on timing of undirected proxy vote legislation

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 APR 2012  |  NEWS
Chartered Secretaries of Australia (CSA) is not confident that the government will be able to pass legislation that will clarify the right of a company chair to vote undirected proxies on a remuneration report resolution. Under current law, company ...

Australian Ethical funds post mixed month for February

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 APR 2012  |  NEWS
Five of Australian Ethical's managed funds had positive returns for the month of February, but some underperformed their benchmarks and others barely eked out positive returns. Australian Ethical's Smaller Companies Trust had the highest returns for ...

GRESB joins forces with GRI to push sustainability reporting

RACHEL ALEMBAKIS  |  THURSDAY, 5 APR 2012  |  NEWS
... standardisation, the GRESB/GRI arrangement is aimed at making the real estate sector among the top-three industries with high standards on sustainability performance within the next three years. GRI has published the Construction and Real Estate Sector ...