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CBA receives upgraded score in EIRIS sustainability report

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2013  |  NEWS
Commonwealth Bank of Australia has been highlighted for its improved sustainability performance, one of five "mega cap" companies to receive upgraded scores in the EIRIS Global Sustainability Report 2013. EIRIS's sustainability ratings assess corporate ...

Ernst Ligteringen: G4 and the third industrial revolution

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 JUN 2013  |  NEWS
The newest version of the Global Reporting Initiative (GRI) reporting standards will improve the quality of ESG disclosures, but governments and regulators need to foster a level playing field in which at least large companies are disclosing sustainability ...

GHG efficiency projects increase cities' finances and health

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
... trends show that cities definitely expect this." Meanwhile, almost every city reported that climate change is a physical risk. "The other thing that stands out is the number of cities that say climate change is a physical risk for them," Riffle said. ...

Westpac, CBA, Benevolent Society launch social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
... is in keeping families together. The New South Wales Department of Community Services refers the families that are at high risk of breaking up to the Benevolent Society for the service. The idea is that preventing families from disintegrating is the ...

Ann Byrne to step down as ACSI CEO

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 JUN 2013  |  NEWS
... did much of the "heavy lifting" during that process. "ACSI has achieved a great deal in the management of ESG investment risk over the last five years and after October I look forward to reading about its future successes," Byrne said. Byrne is currently ...

Bill McKibben urges super funds to divest from fossil fuel

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JUN 2013  |  NEWS
... fossil fuel assets. The push for divestment is based on the push to stem climate change through the message of the financial risk of unburnable carbon. Unburnable carbon is the concept that only around one third of current proven reserves of fossil fuels ...

NGS Super allocates to NSW social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
... Bank of Australia and the Benevolent Society will develop an AU$10m social benefit bond - to fund a program to assist at-risk families. Under the bond's structure, private investors will provide the up-front AU$10m funding that will go to the Benevolent ...

Greens call on Future Fund to divest from coal companies

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
... burned all Australia's coal reserves it would have a dramatic impact on our climate. Global warming is already increasing our risk of floods, bushfires, heat waves and dangerous storms, so why would we allow the fund to prop up the companies which make ...

CDP signs agreements with SASB, GRI to further standards

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
CDP has signed separate agreements to partner with the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) with the intention of improving corporate reporting of climate change and sustainability issues. SASB is ...

Pollinate Energy brings solar lighting to urban slums

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 JUN 2013  |  NEWS
... more than 140 communities in Bangalore, India. The solar lights are intended to replace kerosene lights, which pose a safety risk, are expensive and pose environmental risks because of kerosene's carbon emissions. The enterprise calls on volunteers thus ...