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Local Government Super adopts private equity ESG framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 10 APR 2013  |  NEWS
Local Government Super (LGS) has adopted a new environmental, social and governance (ESG) framework for private equity investment. Bill Hartnett The ESG Disclosure Framework is the result of a global coalition of 40 limited partners, 20 private equity ...

Westpac focuses on demographics, environment in strategy

RACHEL ALEMBAKIS  |  FRIDAY, 5 APR 2013  |  NEWS
... excluded from the workplace," said Alison Ewings, head of sustainability at Westpac. "That's an issue that is faced by the business sector more broadly, and nationally there's social and economic benefit to that as well." Westpac cited statistics saying ...

Applying multiple capitals essential to integrated reporting

RACHEL ALEMBAKIS  |  FRIDAY, 5 APR 2013  |  NEWS
... the short term and ignore the impact that value creation and depletion of some of the capitals can have on long term business success," said Carol Adams, a professor at Monash University and also a member of the project team. "All that must change for ...

SIRIS placed into administration, company confirms

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 APR 2013  |  NEWS
... strategic investor, where what we've been seeking is not just capital but primarily something that would transfer the business model," said Charles Macek, chairman of the board at SIRIS. "The journey has taken a lot longer than we or our investment baking ...

Australian companies weigh in on Integrated Reporting pilot

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 APR 2013  |  NEWS
... just how do you apply IIRC but do you have the buy-in to integrate and do you have integrated thinking already in the business? If the Investor Relations team doesn't speak to Corporate Responsibility and Corporate Responsibility doesn't speak to Group ...

NAB publishes 2013 plan for Indigenous employment, inclusion

RACHEL ALEMBAKIS  |  THURSDAY, 28 MAR 2013  |  NEWS
... 2012, the bank also introduced internships, employing six Indigenous university students to work in personal banking, business banking, agribusiness banking, group governance and legal, and people and culture during their semester breaks. In terms of ...

Companies advised to manage carbon price future uncertainty

RACHEL ALEMBAKIS  |  THURSDAY, 28 MAR 2013  |  NEWS
With the future of the carbon pricing mechanism hinging on the outcome of the September federal election, business is struggling with making long-term decisions, according to Norton Rose. Elisa de Wit There are two main areas where businesses are being ...

Social Enterprise Finance Australia hires Ben Gales as CEO

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 MAR 2013  |  NEWS
... expanded from a part-time to a full-time role, said David Rickards, SEFA managing director. "It was built into the original business plan that as SEFA grows, we could take on a person as CEO full-time," Rickards said. "It is a good stage to bring it ...

City of Sydney signs first environmental upgrade agreement

RACHEL ALEMBAKIS  |  FRIDAY, 22 MAR 2013  |  NEWS
... development at the southern end of the CBD. We see a big opportunity to fund trigeneration plants around the Sydney [central business district] CBD and hopefully, the Melbourne CBD as well. We also believe that it will prove to other building owners ...

The hidden movement: how responsible brands strike back

STEPHEN HALE  |  FRIDAY, 22 MAR 2013  |  NEWS
... Grant O'Brien, has referenced this as 'consumers driving the future of the businesses through a digital transformation of business'. Smartphone apps with barcode scanning features will help consumers examine deeper product information, right there at ...