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AMP Capital, Goodman join GRESB

RACHEL ALEMBAKIS  |  FRIDAY, 7 FEB 2014  |  NEWS
AMP Capital and Goodman have joined the Global Real Estate Sustainability Benchmark (GRESB). AMP Capital, which is one of the largest real estate fund managers in Asia-Pacific, has assets under management of US$20 billion and "believes that consideration ...

South Australia introduces building upgrade finance bill

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 FEB 2014  |  NEWS
The government of South Australia has proposed legislation that will bring environmental upgrade finance to the state and provide a new financing vehicle for commercial developers to retrofit buildings to improve water, waste and energy efficiency. ...

AGL commences construction on Nyngan Solar Plant

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 JAN 2014  |  NEWS
AGL Energy has begun construction on the AU$300 million Nyngan Solar Plant. Construction on the Nyngan Solar Plant will take approximately 18 months to complete, and the plant is expected to be fully operational by June 2015. It will deliver 103 megawatts ...

CDP: progress stalling on supply chain emissions reductions

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 JAN 2014  |  NEWS
The progress to reduce carbon emissions within supply chains is stalling, even as more companies are recognising climate risk in their supply chains, according to research from CDP and Accenture. In Collaborative Action on Climate Risk, the supply chain ...

Push continues for Australia to adopt mining payment regime

RACHEL ALEMBAKIS  |  FRIDAY, 24 JAN 2014  |  NEWS
Canada has gone one step closer to establishing a payment disclosure standard for its listed mining companies, with civil society groups in Australia increasing the focus on seeing a similar regime introduced here. Last week, a multi-stakeholder Resource ...

Westpac number one on global sustainability list

RACHEL ALEMBAKIS  |  FRIDAY, 24 JAN 2014  |  NEWS
Westpac has topped the list of the "Global 100 Most Sustainable Corporations in the World". The Global 100 is an annual list published by Corporate Knights, an independent media and investment research company based in Toronto. The announcement was ...

CDP: investment in carbon reduction yields positive return

RACHEL ALEMBAKIS  |  FRIDAY, 17 JAN 2014  |  NEWS
Companies that allocate capital to carbon emissions reductions generate positive return on investment (ROI) of 33.6%, creating US$15.1 billion in value, according to CDP's third annual Carbon Action report. CDP's Carbon Action initiative is backed by ...

Global banks launch voluntary Green Bond Principles

RACHEL ALEMBAKIS  |  FRIDAY, 17 JAN 2014  |  NEWS
Thirteen global investment banks have endorsed the Green Bond Principles - a set of voluntary guidelines on the development and issuance of green bonds. Marilyn Ceci, managing director, JPMorgan Chase corporate investment bank Bank of America Merrill ...

ANREV real estate investors outperform global GRESB

RACHEL ALEMBAKIS  |  FRIDAY, 10 JAN 2014  |  NEWS
Members of the Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) outperformed the global sample in the Global Real Estate Sustainability Benchmark (GRESB) in the areas of management and policy, but need to improve their implementation ...

Paladin Energy, Swala Energy join EITI Supporting Companies

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JAN 2014  |  NEWS
Australian companies Paladin Energy and Swala Energy and seven other oil, mining and gas companies have recently joined the Extractive Industries Transparency Initiative (EITI) as supporting companies. According to the EITI, 85 companies around the ...