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Low Carbon Australia finances $11m pilot energy project

RACHEL ALEMBAKIS  |  FRIDAY, 14 DEC 2012  |  NEWS
Low Carbon Australia is providing financing for an AU$11m pilot energy project in regional Victoria that will potentially improve power security during peak demand through providing lower-emissions power generation. Site of NovaPower's energy project ...

Duncan Paterson steps down as RIAA board chair

RACHEL ALEMBAKIS  |  FRIDAY, 14 DEC 2012  |  NEWS
Duncan Paterson has stepped down as board chair of the Responsible Investment Association of Australasia (RIAA). Duncan Paterson, CAER Under the RIAA constitution, board members are limited to 10 years' continuous service, which Paterson has reached ...

Local Government Super leader on managing climate risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 DEC 2012  |  NEWS
The Asset Owners Disclosure Project (AODP) has released a global climate investment index ranking the world's largest institutional asset owners on how they invest to manage climate risk. Australia's Local Government Super (LGS) was ranked the top institutional ...

Unconventional gas development poses risks to investors

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 DEC 2012  |  NEWS
Unconventional oil and gas development techniques for extracting coal seam gas (CSG) and shale gas reserves in Australia presents environmental and political risks that responsible investors must take into account, according to panelists in a recent ...

Good Shepherd Microfinance opens third Good Money site

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 DEC 2012  |  NEWS
Good Shepherd Microfinance has opened a retail site in Melbourne to provide access to microfinance products, financial counselling and other services to financially excluded people. Good Shepherd Microfinance CEO Adam Mooney at the Good Money launch ...

CPA Australia issues SME sustainability assurance guide

RACHEL ALEMBAKIS  |  FRIDAY, 7 DEC 2012  |  NEWS
CPA Australia has published a guide designed to accountants' capacity to provide assurance on sustainability reports for small and medium-sized entities (SMEs). Amir Ghandar The report, A Guide for Assurance on SME Sustainability Reports, is a practitioners' ...

ClimateWorks Australia developing GHG reductions index

RACHEL ALEMBAKIS  |  FRIDAY, 7 DEC 2012  |  NEWS
ClimateWorks Australia is developing a national index of business' activity to reduce greenhouse gas emissions. The research is geared at enabling government, businesses and the community to see the impact of businesses' activities to reduce emissions ...

More women appointed to ASX200 boards

RACHEL ALEMBAKIS  |  FRIDAY, 7 DEC 2012  |  NEWS
ASX200 companies are continuing to appoint more women to boards, leading to more diversity in age as well as in gender, according to the Australian Institute of Company Directors (AICD). The AICD ASX 200 Snapshot Report 2012 found that women directors ...

Government bodies not effectively speaking on sustainability

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 DEC 2012  |  NEWS
Government organisations are not effectively communicating sustainability-related issues to stakeholders, according to a survey of Australian-based sustainability management personnel, consultants and commentators. Stephen Hale According to the survey ...

Companies with carbon targets see higher reductions

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 DEC 2012  |  NEWS
Companies that set absolute carbon emissions reductions targets are achieving reductions double the rate of those without targets, with 10% higher profitability, according to the Carbon Disclosure Project (CDP) Carbon Action 2012 request. CDP Carbon ...