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CEFC moves to Sydney as industry prepares for its launch

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAR 2012  |  NEWS
As the federal government announced that the Clean Energy Finance Corporation (CEFC) will be located in Sydney, financial and investment institutions look to the CEFC's form and function as much as its location. The AU$10bn CEFC is expected to commence ...

Publish What You Pay campaigns for payments transparency

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 MAR 2012  |  NEWS
Publish What You Pay (PWYP) Australia, a multi-party organisation made up of human rights, aid, faith-based and environmental organisations, is pressing for regulatory changes that will cause oil, gas and mining companies to disclose payments made to ...

DEXUS head office, Republica Coffee declared carbon neutral

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 MAR 2012  |  NEWS
Republica Coffee and the head office of DEXUS Property Group has been certified carbon neutral by Low Carbon Australia. Republica was certified under the National Carbon Offset Scheme Carbon Neutral Program by measuring its greenhouse gas emissions ...

Fourth Carbon Farming Initiative methodology approved

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
The Carbon Farming Initiative (CFI) is moving ahead, having recently approved a fourth procedure to measure and calculate emissions reductions. But legal experts note that there are several areas under discussion associated with the set-up and establishment ...

AMP Capital, VFMC publish 2011 proxy voting record

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 FEB 2012  |  NEWS
Concerns over executive remuneration and incentive plans led institutional investors AMP Capital and the Victorian Funds Management Corporation (VMFC) to cast proxy votes against resolutions during 2011. Governance managers at both institutions also ...

WOB: ASX200 companies not meeting gender diversity standards

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2012  |  NEWS
The majority of ASX200 companies have "serious work" to do to meet gender diversity standards embodied in ASX Principle 3, according to a survey carried out by Women on Boards (WOB). WOB surveyed 82 ASX200 companies' public disclosures for its WOB Traffic ...

CDP writes companies asking for carbon management and cuts

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2012  |  NEWS
The Carbon Disclosure Project (CDP) has sent letters to the CEOs of 415 of the largest companies around the world, calling for cost-effective management and reductions of their carbon emissions. As part of the CDP's Carbon Action initiative, the letters ...

Proposed disclosure measures for corporate bonus clawbacks

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
Listed companies will be required to disclose to shareholders the steps they have taken to clawback bonuses and other forms of remuneration if they were the result of a material misstatement in the company's financial statements, under proposed legislation ...

Australian Ethical appoints Louise Herron director

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
Australian Ethical Investment has appointed Louise Herron as a non-executive director. Herron, a lawyer and corporate adviser, is currently executive director of corporate advisory firm Ironbark Group, which she co-founded in 2007. She has worked as ...

Leightons under investigation over payment disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2012  |  NEWS
The Australian Federal Police (AFP) are investigating Leighton Holdings over payments that may have been made by a subsidiary company "in connection with work to expand offshore loading facilities for Iraq's crude oil exports." But Duncan Paterson ...