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ACSI: Average fixed CEO pay declined in 2012

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2013  |  NEWS
Average CEO fixed pay in the top 100 companies fell for only the second time in 11 years, but average CEO pay is still 67 times more than the average Australian salary, according to new research from the Australian Council of Super Investors (ACSI). ...

Nippon Gas buys stake in COzero

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 SEP 2013  |  NEWS
Japan's Nippon Gas has bought a 16% stake in COzero, the energy management solutions provider has announced. Nick Armstrong, CEO COzero The investment will give Nippon Gas access to COzero's energy solutions, including EnergyLink, a newly developed ...

Climate Disclosure Standards Board becomes NCD supporter

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 SEP 2013  |  NEWS
The Climate Disclosure Standards Board (CDSB) has become an official supporter of the Natural Capital Declaration (NCD). The CDSB will aid NCD with input and expertise in developing financial sector reporting on natural capital, based on principles ...

PRI: ESG factors material to sovereign bond creditworthiness

RACHEL ALEMBAKIS  |  FRIDAY, 13 SEP 2013  |  NEWS
Environmental, social and governance (ESG) factors are material to sovereign creditworthiness and investment performance, according to the Principles for Responsible Investment (PRI). PRI has released a discussion paper exploring the link between ESG ...

Mariner Investment Group selects MSCI ESG Research

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 SEP 2013  |  NEWS
Mariner Investment Group, a global alternative asset manager, has selected MSCI ESG Research to provide environmental, social and governance (ESG) ratings and portfolio analytics. Mariner Group has subscribed to MSCI ESG Portfolio Analytics, a reporting ...

YES BANK signs on to Natural Capital Declaration

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 SEP 2013  |  NEWS
YES BANK, India's fourth largest private sector bank, has become a signatory to the Natural Capital Declaration (NCD). NCD is a global initiative that affirms the importance of natural capital in maintaining a sustainable global economy. Natural capital ...

Australian/NZ property continue dominance in GRESB survey

RACHEL ALEMBAKIS  |  FRIDAY, 6 SEP 2013  |  NEWS
Australian/New Zealand property companies and funds continue to demonstrate global leadership in sustainability performance as the top-performing region in the Global Real Estate Sustainability Benchmark (GRESB) 2013 report. Performance of Australia/NZ ...

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 ...

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 ...

Carbon price uncertainty erodes business investment

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 AUG 2013  |  NEWS
The price on carbon has spurred business innovation to reduce energy and carbon emissions with minimal economic impact, but the uncertainty about its future post-election has delayed further investment across all sectors, according to a survey from ...