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Institutional investors back carbon tax scheme

RACHEL ALEMBAKIS  |  MONDAY, 11 JUL 2011  |  NEWS
Institutional investors have expressed broad support for the government's proposed carbon mitigation scheme. Under legislation outlined by Prime Minister Julia Gillard, the scheme will start from 1 July 2012. For the first three years, it will run as ...

Retailers could save $1bn pa with investment in energy efficiency

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 JUL 2011  |  NEWS
... heating return value over long periods and thus can be perceived as non-critical to the business. ClimateWorks also cites high transaction costs due to the fragmented nature of the sector; split incentives in which capital investments made by the owner ...

Report: 100 South African companies used GRI in 2010

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 JUL 2011  |  NEWS
An analysis of South African companies has found that 100 companies listed on the Johannesburg Stock Exchange (JSE) have written sustainability reports based on Global Reporting Initiative (GRI) guidances for the 2010/2011 financial year, up from 86 ...

Colonial First State Global Asset Management reports on responsible investment

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2011  |  NEWS
Colonial First State Global Asset Management (CFSGAM) has urged the financial services industry to put greater emphasis on pricing ESG issues into investment decisions while releasing a report into their own 2010 responsible investment decisions. Amanda ...

ASIC urges additional executive remuneration disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2011  |  NEWS
The Australian Securities and Investments Commission (ASIC) has highlighted four areas where ASX listed companies can provide more clarity on remuneration arrangements for their directors and executives. ASIC reviewed 60 remuneration reports of ASX300 ...

Mercer: providing education and intervention on ESG

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 JUN 2011  |  NEWS
... the same category rate ESG4, with "roughly" 50% land in the ESG3 category. "What we find is that we have to maintain a very high standard for an ESG1," Birgden said. "We don't relax that standard at all. To be successful as a rating process, we are asking ...

MSCI launches 25 new ESG indices

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 JUN 2011  |  NEWS
... Responsible Index as well as four regional and country indices. "The new MSCI ESG Indices reflect our unique ability to combine high quality ESG research with leading global equity indices," said Remy Briand, global head of index and ESG research at ...

IGCC: carbon price delay could cost electricity sector $2.5bn

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUN 2011  |  NEWS
A four-year delay to the start of a carbon pricing regime in Australia would cause an additional AU$2.5bn of additional costs to the electricity sector for both investors and energy users, according to a study commissioned by the Investor Group on Climate ...

Integrating ESG to enhance quantitative-style investment analysis

RACHEL ALEMBAKIS  |  FRIDAY, 10 JUN 2011  |  NEWS
... modern portfolio theory," Salvatico said. "In the ideal world, your ESG analysis is helping identify companies that have a high risk of instability in earnings growth or a high risk of negative earnings surprises. For example, if we could identify a ...

Swan: carbon price vital for first-rate, first-world economy

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2011  |  NEWS
... to drive investment in cleaner energy innovation, and failing to do so would condemn Australia to becoming "an old-world, high-polluting technological backwater," Treasurer Wayne Swan said in a speech Tuesday. "I start from a conviction that no first-rate ...