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Australian and NZ companies increase community giving in 2011

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2011  |  NEWS
A survey of 48 Australian and New Zealand companies has found that they contributed a total value of almost AU$259m to their community in cash, time, in-kind and management costs. According to the London Benchmarking Group (LBG) report on Australia ...

Company directors must improve shareholder communication

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2011  |  NEWS
With more institutional investors becoming more active in voting their proxy votes, company directors must improve their communication throughout the year, said David Crawford, chairman of Foster's Group and Lend Lease Group. This year's annual general ...

ANZ's employee engagement, net profit increases

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2011  |  NEWS
ANZ has reported an increase in employee engagement and has integrated its human rights standard into its training program, but disclosed a slight decrease in the percentage of women in management, against a backdrop of group net profit after tax of ...

Green bonds form basis of new institutional investment funds

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
With the increasing demand for sustainable fixed income investments on the rise, fund managers are creating funds that invest in so-called "green bonds" - bonds with investments in projects such as renewable energy developments. While it is possible ...

Westpac reports sustainability progress, net profit

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
Westpac Group has recorded increases in employee engagement and the percentage of women in leadership and decreases in its lost time injury frequency rate (LITFR) and greenhouse gas emissions, against a backdrop of a net profit of AU$6.99bn, an increase ...

Mirvac identifies 22 material sustainability issues

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
Mirvac Group, the property development, investment, and management company, has identified 22 sustainability related issues that are material to the group and its stakeholders. The issue, which range from business conduct to supply chain, was the basis ...

Elders reports increased lost time injury frequency rate

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 NOV 2011  |  NEWS
Elders, the rural services and automotive components supply company, recorded a lost time injury frequency rate (LITFR) of 6.3 for its rural services division, as compared to 5.60 to September 2010, and reported an effluent leak at one of its Victorian ...

Bradbury highlights corporate ESG reporting inconsistencies

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 NOV 2011  |  NEWS
Institutional investors will demand explanation for discrepancies between companies' nominated environmental, social and governance (ESG) principles and any divergences in practice in the way that they currently question discrepancies in financial matters ...

Australia enters the era of carbon as a commodity

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2011  |  NEWS
The Clean Energy Future legislation has passed into law, and now that the infrastructure and timeline to creating a market-based mechanism for pricing carbon emissions is reality, so begins the era of carbon as a commodity. Liable companies will need ...

LGS uses trigeneration technology for property retrofit

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2011  |  NEWS
The New South Wales based Local Government Super (LGS) has completed a retrofit of a Sydney commercial property that will reduce the building's emissions reduced by approximately 85% and allow the building to operate independently of the electricity ...