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SSGA Global Index Plus Trust to exclude tobacco, controversial weapons

RACHEL ALEMBAKIS  |  FRIDAY, 15 SEP 2017  |  NEWS
State Street Global Advisors (SSGA) the investment management business of State Street Corporation has decided to exclude tobacco and controversial weapons shares from the State Street Global Index Plus Trust. Jonathan Shead, head of portfolio strategies ...

Vigeo Eiris assesses "ongoing, serious" misconduct cases in global banks

RACHEL ALEMBAKIS  |  FRIDAY, 15 SEP 2017  |  NEWS
"Ongoing and serious cases of misconduct' in the banking and financial services sectors around the world undermine trust in markets and threaten banks' license to operate, according to global research from corporate social responsibility rating agency ...

Australia/NZ continue to top the ranks in GRESB 2017 real estate review

RACHEL ALEMBAKIS  |  FRIDAY, 15 SEP 2017  |  NEWS
For the seventh year in a row, Australia/New Zealand property companies and real state funds outperformed other regions in the 2017 GRESB Real Estate Assessment. (graphic courtesy of GRESB) This year, a new record of 850 property companies and real ...

Bessi Graham to step down as CEO of The Difference Incubator

RACHEL ALEMBAKIS  |  FRIDAY, 15 SEP 2017  |  NEWS
Bessi Graham will step down as CEO of The Difference Incubator (TDi) in December 2017, with Anthea Smits taking over. Graham has been CEO of TDi for seven years, building the organisation and expanding its reach, TDi said. "I have seen firsthand the ...

Diversity Council Australia explores "double jeopardy" facing culturally diverse women

RACHEL ALEMBAKIS  |  FRIDAY, 8 SEP 2017  |  NEWS
A survey of more than 230 culturally diverse women who are leaders or aspiring leaders in Australian-based businesses say that there is strong evidence that "double jeopardy" - gender and cultural background combining - is locking them out of leadership. ...

Regnan calls for greater disclosure on human capital management

RACHEL ALEMBAKIS  |  FRIDAY, 8 SEP 2017  |  NEWS
Regnan is calling upon listed companies to disclose more information on human capital management, citing the "increasingly important link" between human capital management and corporate value. Pauline Vamos, CEO, Regnan Regnan has issued a report providing ...

Local Government Super hires David Smith as new CEO

RACHEL ALEMBAKIS  |  FRIDAY, 8 SEP 2017  |  NEWS
Local Government Super (LGS) has hired David Smith as the new chief executive officer. Katherine O'Regan, LGS board chair Smith comes to LGS from AXIS Specialty Australia, where he was CEO. Prior to this, he was CEO of Zurich Financial Services, and ...

New super funds use technology, responsible investment focus to reach members

RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2017  |  NEWS
The forthcoming launch of new retail superannuation funds points to an interesting trend - a focus on member-centric technology, more focused investment offerings and out-front messaging putting responsible/ethical investment at the centre of the offering. ...

Australian companies developing internal carbon price within the next two years: SBA

RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2017  |  NEWS
Around half of Australian businesses providing information to the CDP will be using an internal carbon price within the next two years to help manage climate risk, according to research by Sustainable Business Australia (SBA). Andrew Petersen, CEO ...

Australian Ethical Investment reports annual profit of $2.9 million

RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2017  |  NEWS
Australian Ethical Investment has reported a net profit after tax of $2.90 million, down 3% on 2016. Phil Vernon, Australian Ethical Investment managing director The consolidated statutory net profit after tax was $2.924 million, as compared to $3.186 ...