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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 ...

Santos identifies 24 material sustainability indicators

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 APR 2012  |  NEWS
Santos has reported on 24 material sustainability indicators, against a 51% increase in net profit after tax to AU$753m, a 14% increase in sales revenue to AU$2.53bn and a 5% decrease in production volume. "Key sustainability issues for us in 2012 include ...

Five Oceans AM to run Skandia Global Equity Fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAR 2012  |  NEWS
... Skandia Global Equity Fund mandate. SIG selected Five Oceans Asset Management for three broad reasons, including the firm's high conviction portfolio, their "effective" use of derivative and hedging strategies, and the research Five Oceans undertakes ...

Q&A with James Gifford, executive director of the UNPRI

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAR 2012  |  NEWS
... well on a range of indicators, including the seniority of those with responsibility for RI in the organisation. There are high levels of accountability to leadership in Australia. Q: I would imagine that when you look from country to country, the levels ...

Clean Energy Council sees CEFC as catalyst to unlock capital

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAR 2012  |  NEWS
The Clean Energy Finance Corporation (CEFC) could act as a catalyst to "unlock" capital from institutional investors, banks and international markets, according to a Clean Energy Council (CEC) report. The CEC commissioned Deloitte to write a report ...

UNPRI writes letter to UNGC leaders and laggards

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAR 2012  |  NEWS
A coalition of investors from 12 countries, including Statewide Super and New Zealand Superannuation Fund, have contacted 118 UN Global Compact (UNGC) companies on the issue of increased reporting on environmental, social and governance activities. ...

Women only 19% of superannuation fund trustee boards

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAR 2012  |  NEWS
... male members," said Alex Dunnin, director of research at Rainmaker. "Surely super funds can find suitably qualified women of high integrity to be trustees. If they can't then they obviously aren't looking very hard," he said. Women need to have increased ...

Proxy voting error results in Emeco AGM double-count

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAR 2012  |  NEWS
A double-counting of proxy votes by a custodial shareholder that led to an initial, apparent vote of 26.4% against the remuneration report of heavy earthmoving equipment solution provider Emeco highlights flaws in the proxy voting system. Because of ...

GRI launches format to tag sustainability data in reports

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAR 2012  |  NEWS
... both reporters and regulators to exchange sustainability data electronically and inform stakeholders with consistent and high quality information. It can be a major leap in the interactive use of sustainability data and integrating financial and non-financial ...