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Sustainable investing needed as global economy transforms

RACHEL ALEMBAKIS  |  FRIDAY, 14 SEP 2012  |  NEWS
Investment consultants Towers Watson believes that the world economies are in a period of transformation across a range of environmental, social and governance (ESG) factors, and institutional investors need a similar level of transformation to their ...

Clean Energy Council: keep Renewable Energy Target

RACHEL ALEMBAKIS  |  FRIDAY, 14 SEP 2012  |  NEWS
The Clean Energy Council (CEC) has called upon the federal government to retain the 20% Renewable Energy Target (RET) to ensure investment-grade stability and drive job creation in the renewable energy industry. The Climate Change Authority is reviewing ...

Local Government Super recognised at Green Globe Awards

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 SEP 2012  |  NEWS
Local Government Super (LGS) has been awarded with the 2012 Climate Change Leadership Award and the Energy Award at the New South Wales government's 2012 Green Globe Awards. LGS CEO Peter Lambert LGS was recognised for its sustainable and responsible ...

Citi: "Carbon bubble" represents 1-2% of ASX200 value

RACHEL ALEMBAKIS  |  FRIDAY, 7 SEP 2012  |  NEWS
If use of coal for power generation declines dramatically over the next 10-15 years, only 1 - 2% of the ASX200 value appears potentially at risk, according to analysis by Citi. Elaine Prior Approximately 3% of the ASX200 value relates to thermal coal ...

CFI up and running, albeit more slowly than expected

RACHEL ALEMBAKIS  |  FRIDAY, 7 SEP 2012  |  NEWS
The process to gain accreditation for Australian carbon credit unit (ACCU) methodologies under the Carbon Farming Initiative (CFI) is functioning in such a way to yield legally robust and proscriptive processes, according to a partner at law firm Norton ...

Australian property continues to lead GRESB performers

RACHEL ALEMBAKIS  |  FRIDAY, 7 SEP 2012  |  NEWS
Australian property companies and funds outperform regional peers in implementing sustainability strategies into their portfolios, according to the third Global Real Estate Sustainability Benchmark (GRESB). The 42 listed and private company and fund ...

PRI commitment spurs high-level action by Neuberger Berman

RACHEL ALEMBAKIS  |  FRIDAY, 31 AUG 2012  |  NEWS
Global fund manager Neuberger Berman has signed the Principles for Responsible Investment, and is integrating the PRI's commitments into its operational structure, a process that is causing the firm to utilise its resources in new ways. Lucas Rooney ...

ASIC affirms October deadline for carbon trading AFS licence

RACHEL ALEMBAKIS  |  FRIDAY, 31 AUG 2012  |  NEWS
Institutions that intend to provide financial services in carbon units under the federal pricing regime have until the end of October to apply to the Australian Securities and Investments Commission (ASIC) for an Australian financial services (AFS) ...

ACSI to target exec bonus disclosure, voting rights at AGMs

RACHEL ALEMBAKIS  |  FRIDAY, 24 AUG 2012  |  NEWS
The Australian Council of Superannuation Investors (ACSI) will focus on increased disclosure of executive bonuses, the 'no vacancy' rule, director elections, capital raising and pre-emptive rights and poll voting as the key issues underpinning the proxy ...

Superannuation funds aware of ESG macro-impact

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 AUG 2012  |  NEWS
Superannuation funds are realising that environmental, social and governance (ESG) factors should be integrated into macro-level investment decisions, and not merely as issues in individual companies, according to boutique fund manager Solaris Investment ...