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Companies consider implications of new ASX principles

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2015  |  NEWS
As listed companies prepare to make annual reports based on the third edition of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the application of two parts, relating to risk management and the disclosure ...

AODP, ClientEarth to challenge funds on climate change

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2015  |  NEWS
The Asset Owners Disclosure Project (AODP) is partnering with environmental law organisation ClientEarth to launch a project at challenging pension fund trustees and managers around their fiduciary duties to protect investments from the risks of climate ...

Investors integrating ESG in quant portfolios: Northern Trust

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2015  |  NEWS
Institutional investors globally are applying environmental, social and governance (ESG) factor evaluation to their quantitative equity funds, according to Northern Trust. Mamadou-Abou Sarr global head of ESG investing, Northern Trust Asset Management ...

BP shareholders pass Aiming for A climate risk resolution

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2015  |  NEWS
... contact with with groups including the UK-based Instititional Investors Group on Climate Change (IIGCC), and Australia's Investor Group on Climate Change (IGCC). Wildsmith noted that diversified mining conglomerates such as Glencore, Anglo American ...

Sustainable Stock Exchanges Initiative issues communication

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 APR 2015  |  NEWS
Members of the United Nations Sustainable Stock Exchanges (SSE) are engaging with capital market participants in a dialogue on responsible investment and sustainable business practices. Fiona Reynolds, UN PRI managing director The SSE have published ...

Northern Trust opens Australia/NZ asset management office

RACHEL ALEMBAKIS  |  FRIDAY, 17 APR 2015  |  NEWS
... foundation sector, a new growth area, Potter said. "We took the quality ESG product that we worked on with a regional investor here and we now launched that in the US," Potter said. "We have seen interest in that from the foundations and endowments in ...

Community 21 issues shares after phase one capital raising

RACHEL ALEMBAKIS  |  FRIDAY, 17 APR 2015  |  NEWS
Community 21 has closed the first phase of its capital raising, after hitting minimum subscription level, and has issued shares to 21 not-for-profit investors. Peter Quarmby, Community 21 executive director Community 21 is the financial services company ...

Utilities sector face material ESG issues: Sustainalytics

RACHEL ALEMBAKIS  |  FRIDAY, 17 APR 2015  |  NEWS
The utilities sector globally is exposed to material environmental, social and governance (ESG) issue that will require companies to innovate in the face of radical change in coming years, according to a report by Sustainalytics. Sustainalytics undertook ...

Louise Davidson appointed ACSI CEO

RACHEL ALEMBAKIS  |  FRIDAY, 10 APR 2015  |  NEWS
... also previously worked at IFM Investors. She has also worked as chair of the PRI Australia Network and secretary of the Investor Group on Climate Change (IGCC). "I'm delighted to join such an influential organisation at such an important point in its ...

AICD backs 30% women ASX200 directors target

RACHEL ALEMBAKIS  |  FRIDAY, 10 APR 2015  |  NEWS
The Australian Institute of Company Directors (AICD) is backing a 30% target for female directors of ASX200 companies by 2018. This new target is a "significant extension" of AICD's previous diversity initiatives, said John Brogden, AICD managing director ...