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IGCC working group engages on green finance design, function

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
... transition to a low carbon economy by attracting private investment, the Low Carbon Finance Working Group (LCFWG) of the Investor Group on Climate Change (IGCC) is engaging with the government on the set-up and design of the Clean Energy Finance Corporation ...

Institutional investors put climate change into risk budget

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
More than half of the 12 institutional investors that participated in a 2011 Mercer climate change survey have decided to include climate change considerations in future risk management and/or strategic asset allocation processes. Through the Looking ...

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

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2012  |  NEWS
... investment analysts might have, said Ian Woods, head of ESG research at AMP Capital Investors. "The critical area from an investor's side is answering the so-what questions for investment analysts," Woods said. "How do you take ESG analysis and make ...

GESB Super to drop responsible investment option

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2012  |  NEWS
GESB, the AU$12bn superannuation fund for Western Australia public sector employees, will drop its MY plan - Responsible Investments Australian Shares option from March 2012. GESB launched the investment option in 2007, and it is managed by AMP Capital ...

Companies testing labour, human rights supply chain standards

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2012  |  NEWS
... the Fair Labor Association (FLA) and Harvard Law School's Pension and Capital Stewardship Project with funding from the Investor Responsibility Research Center (IRRC) Institute. The KPIs will assess the companies' codes of conduct regarding issues like ...

KPMG: companies should review anti-corruption policies

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 JAN 2012  |  NEWS
Companies with international operations will need to review their anti-corruption and anti-bribery policies if the Australian government removes the "facilitation payments" defence from laws. David Luijerink, KPMG forensic partner In November, the government ...

Superannuation to heed call for greater disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2012  |  NEWS
... "Is a list of every single security the fund owns the best way to do it? No. To present a clear understanding to the investor, you can list the asset classes and the sub-asset classes. For example a fund might disclose that 20% of the portfolio is in ...

GRI establishing working groups for G4

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2012  |  NEWS
Global Reporting Initiative (GRI) is continuing to set up working groups for the development of the G4 next generation reporting guidelines. While nominations for the Disclosure on Management Approach working group close as of 13 January, more working ...

Investors make 2012 climate change investment commitments

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2012  |  NEWS
The Investor Network on Climate Risk (INCR), a collaborative group of more than 100 institutional investors managing nearly US$10tr, has agreed to an agenda that will further integrate climate risks and opportunities into investment portfolios and processes ...

Australian Ethical names exec director business development

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 JAN 2012  |  NEWS
Australian Ethical Investment has appointed Steve Newnham executive director, business development. Newnham has been a director of Australian Ethical for the past year, said Phil Vernon, Australian Ethical's managing director. Newnham will work on developing ...