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ESG concerns a challenge for mining projects: MSCI

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The risk of stranded fossil fuel assets, increased environmental regulations and community group and environmental movement opposition are raising questions over the long term prospects and investment value of mining projects in Queensland, according ...

Court back Commonwealth Bank in ACCR case

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The Federal Court in Melbourne has ruled in favour of Commonwealth Bank of Australia in a case brought by the Australasian Centre for Corporate Responsibility (ACCR) and Environmental Justice Australia on the right of shareholders to put a resolution ...

NCD launches Soft Commodities Forest-risk Assessment Tool

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The majority of global financial institutions do not have policies requiring clients to comply with local, national and international laws and regulations relating to forest conservation, according to the Natural Capital Declaration (NCD) and the UN ...

FTSE Russell launches All-World ex Coal indexes

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
FTSE Russell has launched the new FTSE All-World ex Coal index series omitting companies with exposures to coal or general mining companies with proved and probable coal reserves. The indexes FTSE methodology is based on the exclusion of companies whose ...

ACCR to lodge carbon disclosure resolutions for AGL AGM

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
The Australasian Centre for Corporate Responsibility (ACCR) is lodging resolutions for AGL's annual general meeting (AGM) demanding the company set a quantitative target for annual reductions on emissions from power generation activities, among other ...

Super boards can add value with ESG focus: BNP Paribas

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
Superannuation boards can add value by reflecting the demographics of membership at large, and by focusing on environmental, social and governance (ESG) issues, according to a survey of the superannuation industry. BNP Paribas Securities Services and ...

Investors consider corporate pay links to climate change goals

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
As institutional shareholders continue to engage with listed mining companies over risks like climate change and stranded assets, linking executive remuneration to achievements such as reserve replacement is one tool that is coming into consideration. ...

ACSI calls for better ASX disclosure of mental health and safety

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
More than 90% of ASX200 financial companies and 75% of mining and utilities companies have commitments to workplace mental health and safety, but barely one third publicly disclose information on the effectiveness of those programs, according to research ...

CDP, South Pole Group to conduct water security assessment

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 JUL 2015  |  NEWS
South Pole Group and CDP will conduct a global assessment of how 700 of the world's largest companies manage water security risks. Cate Lamb, head of CDP's water program CDP has created a public scoring methodology to evaluate and benchmark corporate ...

Queensland commits $3m to social benefit bond pilot

RACHEL ALEMBAKIS  |  FRIDAY, 17 JUL 2015  |  NEWS
The Queensland state government has allocated AU$3 million to develop a pilot social benefit bond program in its budget this week. Daniel Madhavan, CEO, Impact Investing Australia Queensland Treasury will be allocated AU$2 million over two years to ...