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ACSI hire Gordon Hagart as new chief executive officer

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2013  |  NEWS
The Australian Council of Superannuation Investors (ACSI) have hired Gordon Hagart as its new chief executive. Hagart comes to ACSI from the AU$100 billion Future Fund, where he is currently head of environmental, social and governance risk management. ...

Foresters Community Finance funding for early stage ventures

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 SEP 2013  |  NEWS
Developing social enterprises can access funding between $10,000 -$30,000 through Foresters Community Finance's Early Stage Social Enterprise Fund. The Early Stage Social Enterprise Fund was developed to fit the lending profile of social enterprises ...

ACSI: Average fixed CEO pay declined in 2012

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2013  |  NEWS
Average CEO fixed pay in the top 100 companies fell for only the second time in 11 years, but average CEO pay is still 67 times more than the average Australian salary, according to new research from the Australian Council of Super Investors (ACSI). ...

UN Global Compact designs equities index that outperforms

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2013  |  NEWS
The UN Global Compact has launched an equities index based on companies that have committed to the Global Compact's principles, and found that the index has outperformed general global stock indices. The Global Compact 100 (GC 100) is released in partnership ...

Climate Disclosure Standards Board becomes NCD supporter

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 SEP 2013  |  NEWS
The Climate Disclosure Standards Board (CDSB) has become an official supporter of the Natural Capital Declaration (NCD). The CDSB will aid NCD with input and expertise in developing financial sector reporting on natural capital, based on principles ...

PRI: ESG factors material to sovereign bond creditworthiness

RACHEL ALEMBAKIS  |  FRIDAY, 13 SEP 2013  |  NEWS
Environmental, social and governance (ESG) factors are material to sovereign creditworthiness and investment performance, according to the Principles for Responsible Investment (PRI). PRI has released a discussion paper exploring the link between ESG ...

Companies lag on implementing UN Global Compact

RACHEL ALEMBAKIS  |  FRIDAY, 13 SEP 2013  |  NEWS
Companies that have signed the United Nations Global Compact are making commitments in keeping with the sustainability initiative's principles, but implementation, measurement, and communication all lag behind, the initiative reports. Companies are ...

Australian Ethical Investment to reorganise business

RACHEL ALEMBAKIS  |  FRIDAY, 13 SEP 2013  |  NEWS
Australian Ethical Investments is restructuring its business, including a "substantial" reduction of its Canberra operations and outsourcing some functions. Phil Vernon, Australian Ethical managing director Australian Ethical announced the changes will ...

Mariner Investment Group selects MSCI ESG Research

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 SEP 2013  |  NEWS
Mariner Investment Group, a global alternative asset manager, has selected MSCI ESG Research to provide environmental, social and governance (ESG) ratings and portfolio analytics. Mariner Group has subscribed to MSCI ESG Portfolio Analytics, a reporting ...

YES BANK signs on to Natural Capital Declaration

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 SEP 2013  |  NEWS
YES BANK, India's fourth largest private sector bank, has become a signatory to the Natural Capital Declaration (NCD). NCD is a global initiative that affirms the importance of natural capital in maintaining a sustainable global economy. Natural capital ...