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ACSI governance guidelines increase push for board diversity

RACHEL ALEMBAKIS  |  FRIDAY, 16 OCT 2015  |  NEWS
The Australian Council of Superannuation Investors (ACSI) is further embedding its policy on gender diversity on ASX-listed boards by considering recommending against the re-election of directors of companies which perform poorly on that measure. Louise ...

Companies considering implication of BEPS reform: KPMG

RACHEL ALEMBAKIS  |  FRIDAY, 16 OCT 2015  |  NEWS
Tax planning, payment and transparency are increasingly being seen as both social and governance issues by companies, according to a briefing by KPMG's international tax experts. Greg Wiebe, global head of tax, KPMG The Organisation for Economic Co-operation ...

CEFC to provide up to $30m financing to City of Melbourne

RACHEL ALEMBAKIS  |  FRIDAY, 16 OCT 2015  |  NEWS
The Clean Energy Finance Corporation (CEFC) will provide financing of up to AU$30 million to the City of Melbourne for a number of projects to increase energy efficiency and reduce emissions. Lord Mayor Robert Doyle (photo courtesy City of Melbourne) ...

VicSuper publishes annual report using GRI, IR

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 OCT 2015  |  NEWS
Superannuation fund VicSuper reported assets under management of AU$15 billion and an 11.1% net return on its default MySuper growth option as part of its 2014/2015 annual report. The superannuation fund used the Global Reporting Initiative's G4 reporting ...

ASrIA to merge with Principles for Responsible Investment

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 OCT 2015  |  NEWS
The Principles for Responsible Investment (PRI) is establishing itself in Asia by taking over the Association for Sustainable and Responsible Investment in Asia (ASrIA). Fiona Reynolds, UN PRI managing director ASrIA will integrate its organisation ...

Climate Bonds Initiative to release V2.0 standards this month

RACHEL ALEMBAKIS  |  FRIDAY, 9 OCT 2015  |  NEWS
The Climate Bonds Initiative will release the updated Climate Bonds Standards v2.0 later this month. The updated standards will make independent reviews of green bonds simpler and are currently out for public consultation, said Rob Fowler, a part of ...

Social Ventures Australia launch venture philanthropy fund

RACHEL ALEMBAKIS  |  FRIDAY, 9 OCT 2015  |  NEWS
Social Venture Australia (SVA) has launched a venture philanthropy fund for Queensland-based social-purpose organisations. Mark Herbertt, Social Ventures Australia Queensland director The Queensland venture philanthropy fund is designed to connect philanthropists ...

Ausbil Investment Management hire Mans Carlsson-Sweeny

RACHEL ALEMBAKIS  |  FRIDAY, 9 OCT 2015  |  NEWS
Ausbil Investment Management has hired Mans Carlsson-Sweeny as head of ESG research. Mans Carlsson-Sweeny, AMP Capital Carlsson-Sweeny comes to Ausbil from AMP Capital, where he was a senior ESG research analyst. He previously worked at Carnegie Investment ...

China "grown into" role as climate change leader

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 OCT 2015  |  NEWS
China has grown into being a leader on climate change through a combination of domestic pressures and moral concerns, said Professor Qi Ye, director of Brookings Tsinghua Centre for Public Policy. Prof Qi Ye, director of Brookings Tsinghua Centre for ...

International Integrated Reporting Council appoints new board

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 OCT 2015  |  NEWS
The International Integrated Reporting Council (IIRC) has appointed a new 12-person board of directors. The new board appointments from 1 October and follows the introduction of a new IIRC constitution. Professor Mervyn King remains chairman of the ...