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Natural Capital Declaration starts implementation phase

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 JUN 2013  |  NEWS
The Natural Capital Declaration (NCD) has started the next phase of its plan in which the financial institution signatories implement the initiatives' commitments. NCD is a global initiative that affirms the importance of natural capital in maintaining ...

Mercer: benefits to creating fairer long-term value in capital

RACHEL ALEMBAKIS  |  FRIDAY, 31 MAY 2013  |  NEWS
... themes. As part of the reforms, superannuation funds must report to the Australian Prudential Regulation Authority about their risk management processes and write a statement of risk appetite. ESG issues should be part of that consideration. Additionally ...

EITI conference advocates for moving beyond transparency

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 MAY 2013  |  NEWS
Transparent disclosure of payments made by extractive companies to the countries they operate is not an end goal, should be conflated with broader definitions of good governance, and needs to be communicated more effectively to a broader range of stakeholders. ...

Fund managers assess retailers' risks in Bangladesh

RACHEL ALEMBAKIS  |  FRIDAY, 24 MAY 2013  |  NEWS
... Australian retailers that source products manufactured overseas. Horrific incidents like Rana Plaza can pose a reputational risk to the companies, but can also pose business risks in terms of production delays and quality issues. Although Australian ...

CSA calls for "safe harbour" to encourage IR disclosures

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 MAY 2013  |  NEWS
Chartered Secretaries Australia (CSA) has called for a safe harbour provision to allow company directors to make forward-looking statements such those outlined in the Integrated Reporting (IR) framework. Judith Fox, director, policy, Chartered Secretaries ...

VicSuper, SAS Trustee Corporation to divest from tobacco

RACHEL ALEMBAKIS  |  FRIDAY, 17 MAY 2013  |  NEWS
... this year, a decision made by the trustee after careful consideration of factors including the expected impact on investment risk and return for members and the health consequences of tobacco products. VicSuper's current investment in tobacco accounts ...

ACSI names leaders, laggards in ESG reporting

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAY 2013  |  NEWS
... investors to know about," Byrne said. "It's only when you talk to them about the change in investment process by which their risk-based models do take into account more than just the balance sheet risk that they start to think about disclosing it... ...

ESG risks impact transport sector earnings, share price

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAY 2013  |  NEWS
... three key risks to the transport sector in 2013 - increased cost of poor occupational health and safety (OH&S) performance, risk of industrial action and corporate governance issues, according to Mans Carlsson-Sweeny, senior ESG research analyst. Direct ...

Superannuation funds urged to examine impact of investments

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAY 2013  |  NEWS
The overall superannuation industry has not done enough to make investment decisions that take environmental, social and governance impacts into consideration, and it is not only possible but imperative to do so, two fund professionals said at the annual ...

CFSGAM to create global responsible investment committee

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAY 2013  |  NEWS
... (CFSGAM) will this year create a global responsible investment committee (GRIC) and an ESG risks committee to assess ESG risk exposures across asset classes. GRIC will be chaired by CEO Mark Lazberger, CFSGAM said in its 2012 responsible investment annual ...