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Superannuation funds increasingly act, invest sustainably

RACHEL ALEMBAKIS  |  FRIDAY, 11 MAY 2012  |  NEWS
While 80% of superannuation funds have told research firm SuperRatings that they believe they have a responsibility to operate sustainably, only 20-30% of those respondents measure and report energy, waste and water usage regularly. In their annual ...

bankmecu, Foresters Community Finance partner on loan scheme

RACHEL ALEMBAKIS  |  FRIDAY, 4 MAY 2012  |  NEWS
bankmecu and Foresters Community Finance, in conjunction with the Victorian government, have entered into a partnership by which the bank will provide loans to help community based organisations buy their own property. The agreement formalises an existing ...

LGS audit finds ASX has higher carbon, lower ESG risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 MAY 2012  |  NEWS
... service as key drivers to their strategies. There's not enough in Australia to build a portfolio for an institutional investor." See Also: Investor Profile: Local Government Super LGS uses trigeneration technology for property retrofit

UKSIF endorses Natural Capital Declaration

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 APR 2012  |  NEWS
The UK Sustainable Investment and Finance Association (UKSIF) has joined National Australia Bank and other institutions in endorsing the Natural Capital Declaration, a financial sector declaration to address the use of natural capital by businesses. ...

LCA-financed retrofitted office building sells for $12.25m

RACHEL ALEMBAKIS  |  FRIDAY, 20 APR 2012  |  NEWS
... 2010 for AU$7.95m and sold the property in April for $12.25m. The property delivered a 17% IRR over 24 months and had an investor return on equity of over 33%, said Chris Slack, Harvest director. "The commercial office property market is highly competitive ...

IIGCC calls for reform to EU Emissions Trading Scheme

RACHEL ALEMBAKIS  |  FRIDAY, 20 APR 2012  |  NEWS
The Institutional Investors Group on Climate Change (IIGCC) has urged European Union ministers to consider changes to the EU's Emissions Trading Scheme (ETS) to ensure its viability. The IIGCC, a collaborative body of investors representing EUR7.5tr ...

Industry welcomes CEFC expert review

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 APR 2012  |  NEWS
... Australian Renewable Energy Agency (ARENA), which focuses on the research and development stage of project development. The Investor Group on Climate Change (IGCC) said the CEFC can act to increase domestic investment in local projects. "The CEFC can ...

SAM targets 2,500 companies for sustainability assessment

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 APR 2012  |  NEWS
SAM, the responsible investment boutique firm, has sent letters to the 2,500 largest companies in the world to take part in the SAM Corporate Sustainability Assessment, the basis for inclusion in the Dow Jones Sustainability Indexes (DJSI). The corporate ...

Q&A with Nelmara Arbex, deputy chief executive, GRI

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2012  |  NEWS
Nelmara Arbex is deputy chief executive of the Global Reporting Initiative (GRI), which provides the most commonly accepted set of guidelines for sustainability reporting. During the Australian GRI conference in Melbourne on 26-28 March, Arbex spoke ...

Investors weigh meaning of social return on investment

RACHEL ALEMBAKIS  |  THURSDAY, 5 APR 2012  |  NEWS
... SROI and take the impact and monetize it, that on-paper monetary value will transfer as valuable to the institutional investor and that simply doesn't happen," she said. "When I exit one of my members from retirement, can they take that monetised value ...