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Victorian government launches first social impact bond

RACHEL ALEMBAKIS  |  FRIDAY, 22 DEC 2017  |  NEWS
The Victorian government has launched the state's first social impact bond (SIB), aimed at reducing chronic homelessness. Minster for Housing, Disability and Ageing Martin Foley The Andrews Labor government has this week launched the J2SI SIB, which ...

CEFC, Australian Ethical Investment invest in Dexus Healthcare Wholesale Property Fund

RACHEL ALEMBAKIS  |  FRIDAY, 22 DEC 2017  |  NEWS
... forward to continuing to develop the fund," said Deborah Coakley, Dexus executive general manager funds management. "Investor interest in the sector has been strong both domestically and globally and we're excited by the growth opportunities this represents ...

High to severe ESG incidents affect market capitalisation: Sustainalytics

RACHEL ALEMBAKIS  |  FRIDAY, 22 DEC 2017  |  NEWS
High to severe environmental, social or governance (ESG) incidents are associated with a 6% average decline in market capitalisation for affected companies over a short-term period, according to a new report by Sustainalytics. Martin Vezer, senior associate ...

Clean Energy Finance Corporation backs large-scale solar developments

RACHEL ALEMBAKIS  |  FRIDAY, 15 DEC 2017  |  NEWS
... two commitments, tit had has invested in 20 large-scale solar projects since 2013, becoming Australia's largest solar investor. "Increasing the amount of renewable energy generation in our electricity mix is essential for the Australian economy to achieve ...

UCA Funds Management hires Mathew Browning as new CEO

RACHEL ALEMBAKIS  |  FRIDAY, 15 DEC 2017  |  NEWS
UCA Funds Management has appointed Mathew Browning as its new chief executive officer and executive director, effective 5 February 2018, as current CEO Michael Walsh is retiring. Michael Walsh, UCA Funds Management "On behalf of the Board of Directors ...

BetaShares launches Australian equities ethical ETF

RACHEL ALEMBAKIS  |  FRIDAY, 15 DEC 2017  |  NEWS
BetaShares has launched a new ethical ETF for Australian equities. Alex Vynokur, managing director, BetaShares The BetaShares Australian Sustainability Leaders ETF (ASX: FAIR) "provides exposure to a diversified portfolio of Australian companies that ...

First State Super joins Australian Council of Superannuation Investors

RACHEL ALEMBAKIS  |  FRIDAY, 15 DEC 2017  |  NEWS
First State Super has joined the Australian Council of Superannuation Investors (ACSI). Louise Davidson, ACSI CEO The $87 billion dollar profit-to-member superannuation fund becomes the 38 th member of ACSI. ACSI is a collaborative organisation of institutional ...

APRA encourages entities to perform stress-test for climate-related risks

RACHEL ALEMBAKIS  |  FRIDAY, 1 DEC 2017  |  NEWS
The "weight of money" is driving the transition to a low carbon economy, and "commercial imperatives such as investment, innovation and reputational factors, is increasingly driving that shift, rather than scientists or policymakers," according to Geoff ...

ACSI publishes revised Governance Guidelines, includes new ESG themes

RACHEL ALEMBAKIS  |  FRIDAY, 1 DEC 2017  |  NEWS
... issues, for example, even the ways in which corporate culture might impact on staff within companies. It takes time for investor to grapple with various issues, and I think governance is a starting point with investors, and more recently climate change ...

Fie, fi, foe, or friend? Consider the relationship between investors, boards: RIAA

RACHEL ALEMBAKIS  |  SUNDAY, 19 NOV 2017  |  NEWS
Investors and boards of listed companies are neither friends nor foes, but their interest align in differing ways over time, and this requires an array of engagement approaches to achieve desired outcomes. This is the conclusion of a panel of engagement ...