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HESTA makes $19m impact investment in aged care facility

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2017  |  NEWS
Superannuation fund HESTA has invested $19 million to finance an innovative retirement village in Tasmania that will recreate "real life experiences for those living with dementia." Mark Peacock, acting executive director, Impact Investing, Social Ventures ...

Financial Services Council launches Principles of Internal Governance and Asset Stewardship Code

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2017  |  NEWS
The Financial Services Council has launched its new Principles of Internal Governance and Asset Stewardship code, which will be mandatory for all members. Sally Loane, FSC CEOw Stewardship codes for asset management arose in response to the GFC. The ...

Colonial First State Global Asset Management publish stewardship report

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2017  |  NEWS
... and opportunities "aligned with" the Taskforce for Climate-related Financial Disclosures (TCFD) and in line with the Investor Group on Climate Change's disclosure guidelines. CFSGAM has conducted carbon footprinting analysis of a number of teams as well. ...

Mining sector showing "signs of progress" on emissions management, face continued risk: CDP

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2017  |  NEWS
... recommendations of Mark Carney's Taskforce on Climate-related Financial Disclosure (TCFD) is another factor of increasing investor pressure for companies to not only disclose but manage their transition risk." CDP also found that governance and remuneration ...

ANZ, NAB join initiative to pilot Task force on Climate-Related Financial Disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2017  |  NEWS
ANZ, National Australia Bank and 9 other global banks have committed to piloting the Task force on Climate-Related Financial Disclosures (TCFD)'s guidelines as well as committing to jointly develop "analytical tools and indicators to strengthen assessments ...

ASX200 sustainability disclosures improve, but climate-related data needed: ACSI

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2017  |  NEWS
ASX200 companies' sustainability disclosures are improving, but fewer than half of the ASX200 have a climate change policy or emissions reduction target, according to new research from the Australian Council of Superannuation Investors (ACSI). Louise ...

Regnan hires Pauline Vamos as CEO

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2017  |  NEWS
... Regnan as we continue to advance the responsible investment agenda and be a sensible voice in representing the long term investor." Regnan's former CEO, Amanda Wilson, stepped down from that role in February to who is departing today from Regnan, will ...

Climate Bonds Initiative, UNEP-FI launch European Green Securities Steering Committee

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUL 2017  |  NEWS
... further issuances of green asset-backed securities and covered bonds in well-established markets Coordinate and encourage investor demand (source: EGSCC) "Coordination on the 'green' debate at the European level is essential; this diverse group will ...

Pengana selects WHEB Asset Management to manage Hunter Hall Global Deep Green Trust

RACHEL ALEMBAKIS  |  FRIDAY, 30 JUN 2017  |  NEWS
Pengana Capital Group Limited has entered into a strategic agreement with WHEB Asset Management (WHEB) to manage the Hunter Hall Global Deep Green Trust. Russel Pillemer, Pengana chief executive officer Pengana's recent merger with Hunter Hall Limited ...

Task Force on Climate-related Financial Disclosures releases final report

RACHEL ALEMBAKIS  |  FRIDAY, 30 JUN 2017  |  NEWS
... reporting on material climate change risks will accelerate this trend", said Emma Herd, chief executive officer of the Investor Group on Climate Change. The TCFD's final report is "an important and useful step forward," said Adrian Orr, chief executive ...