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Funds using custodian to monitor ESG mandates: J.P. Morgan

RACHEL ALEMBAKIS  |  FRIDAY, 27 FEB 2015  |  NEWS
... in monitoring manager adherence to environmental, social and governance (ESG) requirements, according to J. P. Morgan Investor Services. Custodians are the repository of data on asset level and security-level exposures, and are often used by clients ...

VFMC to divest from tobacco holdings

RACHEL ALEMBAKIS  |  FRIDAY, 20 FEB 2015  |  NEWS
... risks that she believes tobacco investments represent. See Also: Oncologist leads drive for tobacco stock divestment Investor Profile: Victorian Funds Management Corporation

Carnegie Wave Energy launches Perth Wave Energy Project

RACHEL ALEMBAKIS  |  FRIDAY, 20 FEB 2015  |  NEWS
Carnegie Wave Energy has switched on its first onshore power station, the Perth Wave Energy Project. Carnegie installed the first CETO 5 unit- known as the Perth Project - for the Department of Defence at Garden Island in Western Australia last year. ...

Gordon Hagart to leave ACSI

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 FEB 2015  |  NEWS
Ed note: Updates with comment from Gordon Hagart, ACSI Gordon Hagart is leaving his role as chief executive officer of the Australian Council of Superannuation Investors (ACSI) to return to Europe. Hagart's announcement is "unexpected and regrettable," ...

Towers Watson outlines framework for fossil fuel risk

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
Towers Watson has addressed growing institutional investor concern over fossil fuel investments and the risks of stranded assets by outlining a framework for response, embedded in the investment decision making process. Nick Kelly, investment consultant ...

INCR working group calls for green bond definitions, framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 FEB 2015  |  NEWS
A group of investors convened by Ceres' Investor Network on Climate Risk (INCR) will seek to build increased definition and structure to support the development of the green bond market. The investor group released a statement of investor expectations ...

ACSI sets goal of 30% women on ASX200 boards

RACHEL ALEMBAKIS  |  FRIDAY, 6 FEB 2015  |  NEWS
The Australian Council of Superannuation Investors (ACSI) has announced an initiative to get women comprising 30% of all ASX200 company boards within the next three years. ACSI will make the initiative a priority for its engagement with ASX200 boards ...

Supply chain vulnerable to climate change risk: CDP

RACHEL ALEMBAKIS  |  FRIDAY, 30 JAN 2015  |  NEWS
... theme of responsiveness to customer requests," he said. "The supply chain program has more traction in China than the investor program, we find.... Certainly, a lot of the big corporation's that are buying from China have integrated sustainable recruitment ...

Looking ahead to sustainability trends in 2015

RACHEL ALEMBAKIS  |  FRIDAY, 23 JAN 2015  |  NEWS
... reports, how many of them do we think have the adequate disclosure that would meet the expectations of an informed, engaged investor? To what extent is it clear that my investment in your company could be impacted by risks from a social, environmental ...

Good Super appoints Andrew MacLeod as managing director

RACHEL ALEMBAKIS  |  FRIDAY, 23 JAN 2015  |  NEWS
Good Super has hired Andrew MacLeod as managing director. MacLeod joined the fund late last year. He said he was attracted to the role at Good Super because of the fund's investment mission. Good Super, a retail superannuation fund that launched last ...