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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 ...

Leightons under investigation over payment disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 17 FEB 2012  |  NEWS
The Australian Federal Police (AFP) are investigating Leighton Holdings over payments that may have been made by a subsidiary company "in connection with work to expand offshore loading facilities for Iraq's crude oil exports." But Duncan Paterson ...

Mercer gives top rating to 9% of ESG strategies

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 FEB 2012  |  NEWS
Only 9% of more than 5,000 investment strategies in Mercer database achieve the highest ratings on environmental, social and governance (ESG) ratings. Mercer has rated strategies within its Global Investment Manager Database (GIMD) for ESG since 2008 ...

Call for working group on shareholder resolution reform

RACHEL ALEMBAKIS  |  FRIDAY, 10 FEB 2012  |  NEWS
Ethinvest, an investment advisory firm, is forming a working group to lobby for changes to address what the managing director calls a lack of clarity around the process of putting shareholder resolutions to an annual general meeting (AGM). Trevor Thomas ...

ASX50 companies slow to adopt integrated reporting

RACHEL ALEMBAKIS  |  FRIDAY, 10 FEB 2012  |  NEWS
Although nine companies in the ASX50 are "well placed" in how they integrate non-financial information with financial disclosures in public documents, the majority of ASX50 companies have been assessed as being less than 50% integrated, according to ...

Government extends deadlines for Solar Flagship Program

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 FEB 2012  |  NEWS
The Australian government has extended the tender process for grants to its Solar Flagship Program, designed to fund the construction of a large-scale solar photovoltaic (PV) power station. Resources, Energy and Tourism Minister Martin Ferguson announced ...

CDP: companies put climate change risk into supply chain

RACHEL ALEMBAKIS  |  FRIDAY, 3 FEB 2012  |  NEWS
Global businesses are increasingly integrating climate change strategies into their supply chain procurement guidelines, but suppliers' rates of reducing greenhouse gas emission are lower than their corporate clients, according to a Carbon Disclosure ...

ESG investment analysis - answering the "so-what" question

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2012  |  NEWS
Fund management professionals say that the continuing quest to demonstrate the tangible costs and benefits of integrating environmental, social and governance (ESG) factors into portfolio valuations will be a dominant theme for 2012, along with continued ...

Companies testing labour, human rights supply chain standards

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2012  |  NEWS
Nine companies have begun testing a set of key performance indicators (KPIs) assessing operational and reputational risks associated with labour and human rights factors in corporate supply chains. The KPIs have been developed with the Fair Labor Association ...

GBCA certifies record 100 Green Star projects for 2011

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 JAN 2012  |  NEWS
The Green Building Council of Australia (GBCA) has reported certifying 100 Green Star building projects in one calendar year. This is the highest number of certifications that GBCA has done since certifying 88 projects in 2009. GBCA launched the Green ...