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GNDI comments on proposed Integrated Reporting framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 SEP 2013  |  NEWS
The Global Network of Director Institutes (GNDI) supports improvements to corporate reporting as proposed in the International Integrated Reporting Framework, but says that any changes to the way organisations report should reduce the overall reporting ...

HSBC calls for policies to support low-carbon financing

RACHEL ALEMBAKIS  |  FRIDAY, 30 AUG 2013  |  NEWS
Smart global policy frameworks are necessary to reward financial markets to find the more than US$1 trillion per year that will be needed to decarbonise the global energy system by 2020, according to HSBC Global Research. HSBC said that in addition ...

ASX to include ESG disclosures in governance principles

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 AUG 2013  |  NEWS
The Australian Securities Exchange (ASX) has proposed amending its Governance Principles and Recommendations to ask listed companies to disclose how economic, environmental and social sustainability risks are being identified and managed. The ASX Group's ...

EY: Businesses need long term carbon policy

RACHEL ALEMBAKIS  |  FRIDAY, 23 AUG 2013  |  NEWS
Australian businesses need the next government to implement a carbon policy that protects existing commitments and supports long-term investments that reduce carbon emissions, according to EY. The ongoing political uncertainty surrounding the current ...

Carbon price uncertainty erodes business investment

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 AUG 2013  |  NEWS
The price on carbon has spurred business innovation to reduce energy and carbon emissions with minimal economic impact, but the uncertainty about its future post-election has delayed further investment across all sectors, according to a survey from ...

James Gifford to leave Principles for Responsible Investment

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 AUG 2013  |  NEWS
James Gifford, the founding executive director of the Principles for Responsible Investment (PRI), will leave the organisation at the end of November. James Gifford, executive director, PRI Gifford has been PRI's executive director since its launch ...

WWF: ETS repeal to reduce renewable energy, increase prices

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 AUG 2013  |  NEWS
Repealing Australia's emissions trading scheme would reduce renewable energy production and retail electricity customers would likely face higher prices, according to a report released by WWF-Australia. Graphic courtesy of WWF-Australia The report finds ...

Deutsche Borse joins Integrated Reporting pilot programme

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 AUG 2013  |  NEWS
Deutsche Borse Group has joined the International Integrated Reporting Council (IIRC) Pilot Programme Business Network and will become the first stock exchange to join the IIRC Pilot Programme. Paul Druckman, IIRC CEO The Pilot Programme tests the IIRC's ...

Government drafts legislation to bring forward ETS timeline

RACHEL ALEMBAKIS  |  FRIDAY, 9 AUG 2013  |  NEWS
The Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education (DIICCSRTE) has released two draft bills to implement the changes required to bring forward the move to the flexible emissions trading scheme (ETS) carbon ...

J.P. Morgan rates Australian REITs reporting, management

RACHEL ALEMBAKIS  |  FRIDAY, 9 AUG 2013  |  NEWS
Australia's real estate investment trusts (REITs) "are amongst the most progressive globally when it comes to acknowledging, measuring and managing ESG risks," according to analysis by J.P. Morgan. J.P. Morgan's Australian equity research team questioned ...