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GRI undergoing governance process to become standard setter

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JUN 2014  |  NEWS
The Global Reporting Initiative (GRI) is reorganising its governing bodies to strengthen its role as a standard setter for sustainability reporting. The changes will result GRI separating out its advocacy work from the standards-setting work and lead ...

Northern Trust's Bowers on ESG and funds management

RACHEL ALEMBAKIS  |  FRIDAY, 20 JUN 2014  |  NEWS
The integration of environmental, social and governance (ESG) into investment management is accelerating in Australia and around the world, guided by demand from asset owners and increasing flexibility in fund design that can tailor strategies that ...

Superannuation fund investments will shape future economy

RACHEL ALEMBAKIS  |  FRIDAY, 20 JUN 2014  |  NEWS
The assets managed by superannuation funds on behalf of its members will increasingly become a source of finance in the Australian economy in future, and superannuation funds will inevitably make broad impacts on the shape of the Australian economy ...

Climate Bonds Initiative proposes green property standards

RACHEL ALEMBAKIS  |  FRIDAY, 20 JUN 2014  |  NEWS
... head of responsible property investment, Hermes Real Estate and chair of the Property Working Group of the Institutional Investor Group on Climate Change (IIGCC). "But to do this effectively and at scale will require more confidence in the tools, standards ...

AMP Capital assesses progress, risks in Bangladesh factories

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 JUN 2014  |  NEWS
Although work is underway in Bangladesh to improve the fire and building safety of factories in an attempt to prevent further tragedies such as 2012's Rana Plaza factory collapse, Australian retailers that source apparel from Bangladeshi suppliers are ...

Farmland attractive to super funds, but liquidity a concern

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUN 2014  |  NEWS
Long-term investors such as superannuation funds are "potentially great partners" to invest in farmland, but illiquidity concerns are one barrier to investment, according to Gordon Noble, senior portfolio analyst and regional strategist at Inflection ...

Push to focus on tax reform, transparency as part of G20

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Tax and transparency reforms should be a priority for Australia in its presidency of the G20 because there is a strong link between base erosion and profit sharing (BEPS) and the G20's objective to promote development, according to Oxfam Australia and ...

Northern Trust ESG index range crosses US$1 billion mark

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Northern Trust Asset Management's environmental, social and governance (ESG) index fund range has exceeded US$1 billion in assets under management, the asset manager said. The index funds reached the US$1 billion mark within six months of initial seeding. ...

PRI coalition calls for improved palm oil practices

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUN 2014  |  NEWS
... improve practices with the aim of "decoupling palm oil production from deforestation." The PRI's Sustainable Palm Oil Investor Working Group (IWG) calls on all palm oil producers to commit to ceasing deforestation, development on peat lands, and violations ...

AMP Capital lists fossil fuel exclusions for RIL funds

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
... done is either engage with companies or contributed to a policy discussion, for example through our participation in the Investor Group on Climate Change, to manage that governance responsibility for all our funds on how we approach climate change. The ...