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Cbus to divest from tobacco assets

RACHEL ALEMBAKIS  |  FRIDAY, 6 SEP 2013  |  NEWS
Cbus will divest from its holdings in companies that manufacture tobacco products. The investment committee and board of the AU$23 billion industry superannuation fund made the decision based on the interests of members and their long-term investment ...

Melbourne wins energy efficient built environment award

RACHEL ALEMBAKIS  |  FRIDAY, 6 SEP 2013  |  NEWS
The City of Melbourne has been recognised at the C40 and Siemens Climate Leadership Award in the category of Energy Efficient Built Environment. The award, which was given in London earlier this week, recognises Melbourne's initiatives to create an ...

AXA IM: impact investing to drive growth in ESG strategies

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 SEP 2013  |  NEWS
Impact investment and other trends will drive growth in environmental, social and governance (ESG) strategies over the next 10 years, according to AXA Investment Managers (AXA IM). Matt Christensen, global head of responsible investment, AXA IM Matt ...

GNDI comments on proposed Integrated Reporting framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 SEP 2013  |  NEWS
The Global Network of Director Institutes (GNDI) supports improvements to corporate reporting as proposed in the International Integrated Reporting Framework, but says that any changes to the way organisations report should reduce the overall reporting ...

Foresters Community Finance starts social entrepreneur fund

RACHEL ALEMBAKIS  |  FRIDAY, 30 AUG 2013  |  NEWS
Foresters Community Finance has launched a fund aimed at providing financing for early stage social enterprises. The Early Stage Social Enterprise Fund is geared towards providing social enterprise entrepreneurs with access to capital for improving ...

HSBC calls for policies to support low-carbon financing

RACHEL ALEMBAKIS  |  FRIDAY, 30 AUG 2013  |  NEWS
Smart global policy frameworks are necessary to reward financial markets to find the more than US$1 trillion per year that will be needed to decarbonise the global energy system by 2020, according to HSBC Global Research. HSBC said that in addition ...

ASX to include ESG disclosures in governance principles

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 AUG 2013  |  NEWS
The Australian Securities Exchange (ASX) has proposed amending its Governance Principles and Recommendations to ask listed companies to disclose how economic, environmental and social sustainability risks are being identified and managed. The ASX Group's ...

Corporate governance guidelines on agenda ahead of AGMs

RACHEL ALEMBAKIS  |  FRIDAY, 23 AUG 2013  |  NEWS
Boards of listed companies are more proactively seeking out meetings with active investors and engagement organisations, and in an unanticipated benefit of the impact of the two strikes rule, engagement specialists are saying boards are more receptive ...

Focus on short-term growth could undercut long term gain

RACHEL ALEMBAKIS  |  FRIDAY, 23 AUG 2013  |  NEWS
Companies and shareholders who focus on the short-term may be sacrificing tomorrow's growth for today's gain, according to AMP Capital's biannual corporate governance report. Karin Halliday, AMP Capital corporate governance manager In addition to reporting ...

Beyond Zero Emissions proposes model for retrofitting houses

RACHEL ALEMBAKIS  |  FRIDAY, 23 AUG 2013  |  NEWS
Australian residential and commercial property could reach zero carbon emissions standards in 10 years with sufficient retrofitting to reduce energy consumption, according to Beyond Zero Emissions (BZE), a not-for-profit research and education organisation. ...