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Investors say non-financials matter in investment decisions

RACHEL ALEMBAKIS  |  FRIDAY, 4 APR 2014  |  NEWS
Institutional investors around the world say that non-financial performance information "played a pivotal role" in investment decision making at least once in the past year, according to EY. EY's report, Tomorrow's investment rules, found that investors ...

PRI moving ahead with governance review, disclosure regime

RACHEL ALEMBAKIS  |  FRIDAY, 4 APR 2014  |  NEWS
Fiona Reynolds, managing director of the United Nations-affiliated Principles for Responsible Investment (PRI), has said that she would like to see the organisation's governance review process "done and dusted" by the end of 2014. Fiona Reynolds, UN ...

Westpac signs on to Soft Commodities Compact

RACHEL ALEMBAKIS  |  FRIDAY, 4 APR 2014  |  NEWS
Westpac Group has become a founding signatory to the Soft Commodities Compact, a banking industry initiative aiming to help clients achieve zero net deforestation by 2020. The Soft Commodities Compact has been developed by the Banking Environment Initiative ...

IIRC, GISR agree to collaborate on integrated standards

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 APR 2014  |  NEWS
The International Integrated Reporting Council (IIRC) and the Global Initiative for Sustainability Ratings (GISR) have agreed to work towards complementarity and compatibility in the ongoing development of their frameworks and standards. Paul Druckman ...

SVA suggests reform for social enterprise capital funding

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 APR 2014  |  NEWS
Social Ventures Australia (SVA) has suggested establishing a dedicated social 'investment bank' as one means of increasing access to capital for social sector enterprises. Ian Learmonth, executive director of impact investing, Social Ventures Australia ...

ASX includes ESG language in corporate governance guidance

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
The Australian Securities Exchange (ASX) has recommended that listed companies disclose how economic, environmental and social sustainability risks are being identified and managed. This week the ASX Group's Corporate Governance Council published a ...

ESG integration into quantitative investment management

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
There is a growing use of environmental and social factors as part of quantitative investment techniques in equity portfolios, with fund managers integrating ESG data to either screen out undesired stocks, or to create customised benchmarks that tilt ...

CEFC to provide $100m financing through Balmain Corporation

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) is partnering with non-bank commercial loan manager Balmain Corporation to provide up to AU$100 million of debt finance to retrofit commercial properties. Oliver Yates, CEFC CEO The agreement with Balmain ...

Ethical Investment Advisers launches fossil-fuel free SMA

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 MAR 2014  |  NEWS
Brisbane-based financial planners Ethical Investment Advisers has launched a separately managed account (SMA) based on Australian equities that are screened to eliminate fossil fuel exposures. Louise Edkins, director, Ethical Investment Advisers The ...

Teachers Mutual Bank, NAB, Westpac top "most ethical" list

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 MAR 2014  |  NEWS
Teachers Mutual Bank, NAB and Westpac have been named to the Ethisphere Institute's list of 2014 World's Most Ethical Companies. Ethisphere Institute is a US-based independent centre of research promoting best practices in corporate ethics and governance. ...