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Crowe Horwath: sustainability as competitive advantage

RACHEL ALEMBAKIS  |  FRIDAY, 21 MAR 2014  |  NEWS
Assessing, managing and reporting on sustainability is a source of strategic and competitive value, a message that accountancy firm Crowe Horwath is spreading to its clients through a series of presentations around the country. "There is an economic ...

Senate rejects CPM repeal, business calculates liabilities

RACHEL ALEMBAKIS  |  FRIDAY, 21 MAR 2014  |  NEWS
The Senate has rejected a bill to repeal the Clean Energy Future legislation, but businesses continue to operate as if the current carbon pricing mechanism will continue beyond 1 July, according to carbon advisory firm RepuTex. The federal government ...

CEFC provides $20m loan facility to Carnegie Wave Energy

RACHEL ALEMBAKIS  |  FRIDAY, 21 MAR 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) has provided a AU$20 million, five-year loan facility to Carnegie Wave Energy to help accelerate final stage technology development, the CEFC said. Oliver Yates, CEFC CEO The loan facility provision is CEFC's ...

FSC standard mandates ESG policy for superannuation funds

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 MAR 2014  |  NEWS
Superannuation funds that are members of the Financial Services Council (FSC) will be required to develop and implement an ESG risk management policy from July under the FSC's standards. FSC full members must comply with standards that are relevant ...

Australian Ethical launches Fixed Interest Trust

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 MAR 2014  |  NEWS
Australian Ethical Investments has launched the Fixed Interest Trust, comprising Australian dollar-denominated fixed rate investments that meet the Australian Ethical charter. Australian Ethical has managed fixed income securities for 20 years as part ...

Ernst Ligteringen to step down from GRI in 2015

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 MAR 2014  |  NEWS
Global Reporting Initiative (GRI) Chief Executive Ernst Ligteringen will step down by the middle of 2015. Ernst Ligteringen, GRI chief executive Ligteringen has "indicated his desire to look for a new role over the past year," GRI said. "The leadership ...

Mercer: ESG as source of innovation in shifting economy

RACHEL ALEMBAKIS  |  FRIDAY, 14 MAR 2014  |  NEWS
Given the shift and evolution of the global economy and the activities of businesses and assets as part of that shift, integrating environmental, social and governance (ESG) considerations into investment practices is both a source of innovation and ...

CEFC commits $30 million to EUA financing fund

RACHEL ALEMBAKIS  |  FRIDAY, 14 MAR 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) has committed up to AU$30 million to a fund financing environmental upgrade agreements (EUA). Oliver Yates, CEFC CEO The CEFC is partnering with National Australia Bank (NAB) and Eureka Funds Management to ...

Solactive develops Green Bond Index

RACHEL ALEMBAKIS  |  FRIDAY, 14 MAR 2014  |  NEWS
Index provider Solactive AG has launched its Solactive Green Bond Index, based on a bond universe provided by the Climate Bonds Initiative. The Solactive Green Bond Index is the first in the market globally to provide exposure to green bonds - fixed ...

CDP, FirstCarbon Solutions sign expanded partnership

RACHEL ALEMBAKIS  |  FRIDAY, 14 MAR 2014  |  NEWS
CDP has expanded its partnership with FirstCarbon Solutions (FCS), meaning that FCS will have an expanded role in CDP's scoring programs and initiatives. FCS will be CDP's global sustainability business process outsourcing (BPO) partner with a three-year ...