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StepUP loans provide social, economic return on investment

RACHEL ALEMBAKIS  |  FRIDAY, 19 APR 2013  |  NEWS
The social and economic return of the StepUP micro-loan program run by National Australia Bank and Good Shepherd Microfinance is equal to $2.68 for every dollar invested, according to a report by the Centre for Social Impact (CSI). Good Shepherd Microfinance ...

Australia/NZ companies lag in Corporate Responsibility Index

RACHEL ALEMBAKIS  |  WEDNESDAY, 17 APR 2013  |  NEWS
Australian and New Zealand companies lag global and UK peers in the Corporate Responsibility Index (CR Index), a leading voluntary benchmark of corporate responsibility. The CR Index ranks and compares companies - public, private, partnerships, franchise ...

IIRC publishes Integrated Reporting consultation draft

RACHEL ALEMBAKIS  |  WEDNESDAY, 17 APR 2013  |  NEWS
The International Integrated Reporting Council (IIRC) has released the consultation draft of the integrated reporting (IR) framework, beginning a 90-day comment period on the framework. IR has been developed over the past three years as a framework ...

European Commission proposes standards for ESG disclosure

RACHEL ALEMBAKIS  |  WEDNESDAY, 17 APR 2013  |  NEWS
Large European companies will be required to disclose environmental, social and governance information as part of their annual reporting under a proposal adopted by the European Commission. Internal Market and Services Commissioner Michel Barnier Companies ...

Local Government Super adopts private equity ESG framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 10 APR 2013  |  NEWS
Local Government Super (LGS) has adopted a new environmental, social and governance (ESG) framework for private equity investment. Bill Hartnett The ESG Disclosure Framework is the result of a global coalition of 40 limited partners, 20 private equity ...

Climate Institute calls for long-term national carbon budget

RACHEL ALEMBAKIS  |  WEDNESDAY, 10 APR 2013  |  NEWS
The Climate Institute is calling on the Climate Change Authority (CCA) to establish a "scientifically robust" carbon budget for Australia. Erwin Jackson, deputy CEO, The Climate Institute A long-term carbon budget would "properly recognise the risks ...

Westpac focuses on demographics, environment in strategy

RACHEL ALEMBAKIS  |  FRIDAY, 5 APR 2013  |  NEWS
Westpac Group has focused on three priority areas in its 2013-2017 sustainability strategy -responding to shifts in demographic and cultural change, creating economic solutions to environmental challenges, and helping customers achieve sustainable financial ...

SIRIS placed into administration, company confirms

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 APR 2013  |  NEWS
Independent sustainability research firm the Sustainable Investment Research Institute (SIRIS) has been put administration, the company confirms. "We've been trying for about 18 months to find what we've referred to as a strategic investor, where what ...

Australian companies weigh in on Integrated Reporting pilot

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 APR 2013  |  NEWS
Using the prototype integrated reporting (IR) framework released by the International Integrated Reporting Council (IIRC) has yielded better communication between internal stakeholders and more robust conversations about materiality, strategic focus ...

NAB publishes 2013 plan for Indigenous employment, inclusion

RACHEL ALEMBAKIS  |  THURSDAY, 28 MAR 2013  |  NEWS
National Australia Bank (NAB) has released its 2013 reconciliation action plan (RAP) outlining their approaches to employing Indigenous Australians, addressing financial exclusion, building partnerships with indigenous organisations and traditional ...