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Businesses addressing climate change as strategic risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 MAR 2013  |  NEWS
Businesses around the world are addressing climate change as a strategic long-term risk despite the lack of political consensus. Andrew Hoffman, professsor of sustainable enterprise, University of Michigan Impacted by extreme weather events and guided ...

City of Melbourne certified carbon neutral

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 MAR 2013  |  NEWS
The City of Melbourne has been certified carbon neutral under National Carbon Offset Standard (NCOS) by Low Carbon Australia. "As part of our work we're delivering new waste management solutions, upgrading several of our council buildings by installing ...

Q&A with Michael Walsh, UCA Funds Management

RACHEL ALEMBAKIS  |  FRIDAY, 15 MAR 2013  |  NEWS
Michael Walsh is the recently named executive director and CEO of UCA Funds Management, an entity of the Uniting Church of Australia, Synod of Victoria and Tasmania, which manages more than AU$800m in ethical portfolios on behalf of church bodies, other ...

Mercer: use responsible investment to reduce return leakage

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAR 2013  |  NEWS
... by the impacts of climate change. According to Baker & McKenzie's analysis, under the Superannuation Industry (Supervision) Act 1993 and the Superannuation Industry (Supervision) Regulations 1994, trustees are required to ensure that all risks are "adequately ...

ACSI criticises slow pace of women appointed to ASX boards

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAR 2013  |  NEWS
Women now comprise 15.5% of ASX200 board members, an increase of 24 women from 2012, according to an annual audit into board diversity performed by the Australian Council of Superannuation Investors (ACSI). The ACSI audit showed that for the first time ...

Philanthropy Australia rolling out impact investing program

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAR 2013  |  NEWS
Philanthropy Australia (PA) has begun a program to educate members about impact investment, with a focus on building knowledge and awareness in its first year. Fiona Maxwell, Queensland manager at Philanthropy Australia "PA has introduced a range of ...

Dalton Nicol Reid: using ESG to find sustainable earnings

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAR 2013  |  NEWS
For equities fund manager Dalton Nicol Reid, integrating environmental, social and governance information into their investment process is part of the task of finding quality companies in which to invest. Jamie Nicol, CIO of Dalton Nicol Reid Dalton ...

Community Sector Banking to extend microfinance pilot

RACHEL ALEMBAKIS  |  FRIDAY, 1 MAR 2013  |  NEWS
Additional government funding will allow Community Sector Banking to extend loans to hundreds more people in Queensland and northern New South Wales, according to Peter Quarmby, Community Sector Banking's executive director. Peter Quarmby, Community ...

Net Balance: financial, shared value performance related

RACHEL ALEMBAKIS  |  FRIDAY, 1 MAR 2013  |  NEWS
There is a correlation between Australian companies with strong financial performance and strong creating shared value (CSV) performance, but it appears that financial performance leads to greater CSV, rather than vice versa, according to research from ...

AMP Capital notes increased engagement, board diversity

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 FEB 2013  |  NEWS
Corporate boards are more willing to engage with investors around governance issues beyond remuneration into areas including board independence, succession planning and related party transactions, which AMP Capital attributes to the impact of the two-strikes ...