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ASX could include ESG language in new governance guidance

RACHEL ALEMBAKIS  |  FRIDAY, 28 FEB 2014  |  NEWS
The Australian Securities Exchange (ASX) could, from 1 July, recommend that listed companies disclose how economic, environmental and social sustainability risks are identified and managed when it publishes the third edition of the Corporate Governance ...

CCA final report reveals future policy shock for investors

RACHEL ALEMBAKIS  |  FRIDAY, 28 FEB 2014  |  NEWS
The Climate Change Authority (CCA) report recommending a target range of 40-60% carbon emissions reductions by 2030 signals a "future policy shock" on climate ambition, which brings more policy uncertainty for investors, according to the Investor Group ...

Call for EUA inclusion in Emissions Reduction Fund

RACHEL ALEMBAKIS  |  FRIDAY, 28 FEB 2014  |  NEWS
The Emissions Reduction Fund (ERF) should develop a method based on environmental upgrade agreements (EUA), Sustainable Melbourne Fund has said in a submission to the Department of Environment. Scott Bocskay, CEO of the Sustainable Melbourne Fund Sustainable ...

UCA Funds Management sets exclusions in fossil fuel policy

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 FEB 2014  |  NEWS
UCA Funds Management has developed a fossil fuel policy that rules out future investments in thermal coal, unconventional oil such as shale and deep water drilling and in companies that extract gas through fracking. Michael Walsh, UCA Funds Management ...

Global Alliance for Banking on Values to meet in Melbourne

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 FEB 2014  |  NEWS
Sustainability should be a "core tenant" of the global banking system, a message that members of the Global Alliance for Banking on Values (GABV) will emphasise at its annual meeting in Melbourne next week. Damien Walsh, bankmecu managing director GABV ...

AustralianSuper equities less carbon-intense than benchmarks

RACHEL ALEMBAKIS  |  FRIDAY, 21 FEB 2014  |  NEWS
AustralianSuper's domestic and international equities holdings are less carbon intensive than relative benchmarks, according to a carbon assessment of its total equities portfolios. AustralianSuper commissioned Trucost to undertake the carbon intensity ...

RepuTex: DAP could achieve more reductions than CPM

RACHEL ALEMBAKIS  |  FRIDAY, 21 FEB 2014  |  NEWS
The government's proposed Direct Action Plan (DAP) could lead to more domestic emissions reductions than the carbon price mechanism, if the policy is supported by absolute emissions baselines and an obligation for companies to offset any emissions above ...

IGCC joins world peers in voicing fugitive methane concerns

RACHEL ALEMBAKIS  |  FRIDAY, 21 FEB 2014  |  NEWS
The Investor Group on Climate Change (IGCC) has joined international investors groups that are expressing concern about fugitive methane leaks and are calling on oil and gas companies to adopt universal implementation of best practices to prevent venting ...

PRI, GRESB agree to closer collaboration

RACHEL ALEMBAKIS  |  FRIDAY, 21 FEB 2014  |  NEWS
The Principles for Responsible Investment (PRI) and the Global Real Estate Sustainability Benchmark (GRESB) have agreed to deepen their cooperative work to improve the quality and consistency of reporting by global real estate investors and companies. ...

AMP Capital busts ESG myths

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 FEB 2014  |  NEWS
Analysing companies' environmental, social and governance (ESG) factors can be a means to discover investment risks before they happen, while also allowing investors to make better informed decisions with better outcomes, according to AMP Capital. Mans ...