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IIRC CEO favours market-led adoption of Integrated Reporting

RACHEL ALEMBAKIS  |  FRIDAY, 31 MAY 2013  |  NEWS
The chief executive officer of the International Integrated Reporting Council (IIRC) says market-led adoption of the Integrated Reporting (IR) framework, not mandatory compliance, will lead to better corporate reporting. Paul Druckman, IIRC CEO Paul ...

Mercer: benefits to creating fairer long-term value in capital

RACHEL ALEMBAKIS  |  FRIDAY, 31 MAY 2013  |  NEWS
With the prospect of a continued low-return investment environment looming, institutional investors should examine the benefits of creating and preserving fairer long-term value in their invested capital, according to Mercer. Helga Birgden, head of ...

Australia ranked fourth on global renewable energy list

RACHEL ALEMBAKIS  |  FRIDAY, 31 MAY 2013  |  NEWS
Australia is the fourth most attractive country for investment in renewable energy projects, according to Ernst & Young's Renewable Energy Country Attractiveness Index (RECAI). Global annual clean energy investment hit US$269 billion in 2012, a five-fold ...

EITI conference advocates for moving beyond transparency

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 MAY 2013  |  NEWS
Transparent disclosure of payments made by extractive companies to the countries they operate is not an end goal, should be conflated with broader definitions of good governance, and needs to be communicated more effectively to a broader range of stakeholders. ...

Global Reporting Initiative launches new G4 guidelines

RACHEL ALEMBAKIS  |  FRIDAY, 24 MAY 2013  |  NEWS
The Global Reporting Initiative (GRI) has published the newest version of its sustainability reporting guidelines, G4, at its annual global conference. G4 is a significantly revised document and places stronger emphasis on materiality and will encourage ...

Australia to consider country-level payment disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 24 MAY 2013  |  NEWS
... EITI, and I think we will be considering questions on country by country reporting." Civil society groups, investors and investor groups such as the Australian Council of Superannuation Investors are pressing for mandatory disclosure of payments mining ...

Fund managers assess retailers' risks in Bangladesh

RACHEL ALEMBAKIS  |  FRIDAY, 24 MAY 2013  |  NEWS
Fund managers and analysts are reassessing Australian retailer's supply chain management as a result of the collapse of the Rana Plaza textile factory in Bangladesh last month. Mans Carlsson-Sweeny, AMP Capital The factory collapse, which has left more ...

CSA calls for "safe harbour" to encourage IR disclosures

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 MAY 2013  |  NEWS
Chartered Secretaries Australia (CSA) has called for a safe harbour provision to allow company directors to make forward-looking statements such those outlined in the Integrated Reporting (IR) framework. Judith Fox, director, policy, Chartered Secretaries ...

Ethinvest model portfolios outperform wider ASX indices

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 MAY 2013  |  NEWS
Proprietary model ASX50 and ASX100 portfolios developed by investment advisory firm Ethinvest has outperformed mainstream accumulation indices by wide margins, Ethinvest said. Trevor Thomas, Ethinvest managing director The Ethinvest ASX50 Screened Index ...

ACSI names leaders, laggards in ESG reporting

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAY 2013  |  NEWS
The Australian Council of Superannuation Investors (ACSI) finds that there is a persistent two-speed pace when it comes to ASX200 companies' ESG disclosures - more companies than ever reporting to a detailed or comprehensive standard, but almost half ...