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Gaps in retailers' labour and human rights policy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2013  |  NEWS
Slightly more than a third of Australian consumer staples and consumer discretionary companies have a publicly disclosed supply chain labour and human rights (LHR) policy, and none of them have board oversight of LHR issues, according to research from ...

CBA receives upgraded score in EIRIS sustainability report

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2013  |  NEWS
Commonwealth Bank of Australia has been highlighted for its improved sustainability performance, one of five "mega cap" companies to receive upgraded scores in the EIRIS Global Sustainability Report 2013. EIRIS's sustainability ratings assess corporate ...

Westpac, CBA, Benevolent Society launch social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
Westpac Institutional Bank, Commonwealth Bank of Australia and the Benevolent Society have created an AU$10 million social benefit bond (SBB) funding the new Family Preservation Service. Sandy Blackburn-Wright, head of social innovation at Westpac The ...

End of Financial Year time for tax, ethical investment check

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 JUN 2013  |  NEWS
The end of the financial year is an opportunity for investors to consider how their superannuation money is being invested from both a tax and an ethics perspective, according to Australian Ethical. In a recent communication, the ethical superannuation ...

Ann Byrne to step down as ACSI CEO

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 JUN 2013  |  NEWS
Ann Byrne, chief executive of the Australian Council of Superannuation Investors (ACSI) will step down in October. Ann Byrne, ACSI CEO Byrne has been ACSI CEO for more than five years, and recently informed ACSI's Committee of Management of her decision. ...

Bill McKibben urges super funds to divest from fossil fuel

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JUN 2013  |  NEWS
Environmental activist Bill McKibben has met with superannuation funds during his recent Australian tour, pressing the economic and moral case for investors to divest from fossil fuel companies. Bill McKibben, co-founder and chairman of the board of ...

NAB, bankmecu win at Australasian Reporting Awards

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JUN 2013  |  NEWS
National Australia Bank has been recognised for its sustainability reporting, while bankmecu won an award for integrated reporting at the 2013 Australasian Reporting Awards (ARA). Damien Walsh, bankmecu managing director The ARA awards are intended ...

NGS Super allocates to NSW social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
NGS Super has become the first superannuation fund to invest in a social benefit bond with an AU$500,000 allocation to an AU$7 million bond. The social benefit bond (SBB) was launched by Social Ventures Australia (SVA) and will fund the Newpin program ...

Greens call on Future Fund to divest from coal companies

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
The leader of the Australian Greens party has called for the Future Fund to divest its investments in coal companies. Senator Christine Milne "Earlier this year the Future Fund ditched its tobacco investments in response to a campaign led by the Greens," ...

CDP signs agreements with SASB, GRI to further standards

RACHEL ALEMBAKIS  |  FRIDAY, 7 JUN 2013  |  NEWS
CDP has signed separate agreements to partner with the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) with the intention of improving corporate reporting of climate change and sustainability issues. SASB is ...