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KPMG: agribusiness needs national food policy framework

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
The fragmentation of the agribusiness sector both contributes to and is hampered by the lack of a national food policy framework, which is necessary to promote innovation and differentiation and to ensure the long-term social, environmental and economic ...

ASIC renews call for better remuneration disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
The Australian Securities and Investments Commission (ASIC) say that companies can still improve their disclosures of executive and director remuneration. ASIC have reviewed a sample of 50 remuneration reports from ASX300 companies for the financial ...

GRI releases oil and gas sector guidance

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
The Global Reporting Initiative (GRI) has released a new guidance for the oil and gas sector, providing a framework for disclosure of sustainability performance on metrics including environmental management, health and safety and emergency preparedness. ...

AMP Capital, VFMC publish 2011 proxy voting record

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 FEB 2012  |  NEWS
Concerns over executive remuneration and incentive plans led institutional investors AMP Capital and the Victorian Funds Management Corporation (VMFC) to cast proxy votes against resolutions during 2011. Governance managers at both institutions also ...

IGCC and others launch second global investor survey

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2012  |  NEWS
The Investor Group on Climate Change (IGCC) and two other climate change investor groups have launched a global investor survey that will include a new, comprehensive assessment of low-carbon investments. IGCC, in conjunction with the European Institutional ...

CDP writes companies asking for carbon management and cuts

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2012  |  NEWS
The Carbon Disclosure Project (CDP) has sent letters to the CEOs of 415 of the largest companies around the world, calling for cost-effective management and reductions of their carbon emissions. As part of the CDP's Carbon Action initiative, the letters ...

Proposed disclosure measures for corporate bonus clawbacks

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
Listed companies will be required to disclose to shareholders the steps they have taken to clawback bonuses and other forms of remuneration if they were the result of a material misstatement in the company's financial statements, under proposed legislation ...

LGS select MSCI for ESG and carbon research, monitoring

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
The AU$6bn Local Government Super (LGS) has selected MSCI to measure and monitor ESG and carbon characteristics of its portfolios. "Local Government Super believes that a well-developed responsible investment strategy can both assist in generating long-term ...

Australian Ethical appoints Louise Herron director

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
Australian Ethical Investment has appointed Louise Herron as a non-executive director. Herron, a lawyer and corporate adviser, is currently executive director of corporate advisory firm Ironbark Group, which she co-founded in 2007. She has worked as ...

Corporate Social Responsibility as driver of innovation

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2012  |  NEWS
Corporate social responsibility (CSR) can be a vehicle for innovation and not just risk mitigation, and the challenge for CSR practitioners is to find the areas where businesses can use social needs as a source of profit generation. The Australian Centre ...