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Australian exposed to carbon bubble through coal resources

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 MAY 2013  |  NEWS
Australian coal exports are 11% of the global coal market, but represent 25% of a precautionary global carbon budget for coal, exposing investors in coal resourcesto potentially rapid devaluation and stranded assets, according to a report by The Climate ...

Australian Ethical Investment board director resigns

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 MAY 2013  |  NEWS
Australian Ethical Investment board director Justine Hickey has resigned, a decision she foreshadowed at the November 2012 AGM. Hickey was re-elected as director at the November 2012 AGM, but she advised shareholders at the time that she would not serve ...

NGOs, institutional investors seeking engagement pathways

RACHEL ALEMBAKIS  |  FRIDAY, 26 APR 2013  |  NEWS
Non-governmental organisations (NGOs) are looking to engage with superannuation funds and their individual members as they seek to effectual environmental and social changes, with varying levels of response. For their part, superannuation funds are ...

Clean Energy Finance Corporation gets investment mandate

RACHEL ALEMBAKIS  |  FRIDAY, 26 APR 2013  |  NEWS
The Clean Energy Corporation (CEFC) has received its investment mandate from the government, setting the framework for how the CEFC will invest its AU$10 billion in financing clean energy projects. The government set parameters for rate of return, limits ...

RI Academy to offer Enhanced Financial Analysis course

RACHEL ALEMBAKIS  |  FRIDAY, 26 APR 2013  |  NEWS
The RI Academy, the online environmental, social and governance investment course established by the Responsible Investment Association Australasia (RIAA), has developed its first advanced course. Simon O'Connor, RIAA CEO RI Academy's Enhanced Financial ...

Publish What You Pay reexamining extractive companies

RACHEL ALEMBAKIS  |  FRIDAY, 26 APR 2013  |  NEWS
Publish What You Pay (PWYP) Australia and CAER are surveying ASX200 listed extractives companies on their reporting standards regarding payments made to governments in the countries where they operate, and are seeking views of investors and analysts ...

Australian boards struggling with climate change adaptation

RACHEL ALEMBAKIS  |  WEDNESDAY, 24 APR 2013  |  NEWS
Most large Australian companies are struggling to find strategic responses to climate change adaptation challenges, "apparently paralysed by short-term profit first thinking, uncertain political risks and a corporate culture unused to volatility and ...

GRESB hires new head of Asia

RACHEL ALEMBAKIS  |  WEDNESDAY, 24 APR 2013  |  NEWS
The Global Real Estate Sustainability Benchmark has hired Ruben Langbroek as head of Asia, responsible for strategic development in the region. Langbroek will strengthen and develop GRESB's relationship with institutional real estate investors, fund ...

Industry to coordinate efforts to develop impact investing

RACHEL ALEMBAKIS  |  FRIDAY, 19 APR 2013  |  NEWS
Building the impact investment sector will require coordinated action to grow what is currently a nascent market, a conclusion that has led interested organisations in the financial services sector to set up a financial services forum to address this. ...

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 ...