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Australian Ethical funds post mixed month for February

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 APR 2012  |  NEWS
Five of Australian Ethical's managed funds had positive returns for the month of February, but some underperformed their benchmarks and others barely eked out positive returns. Australian Ethical's Smaller Companies Trust had the highest returns for ...

Fund manager: remuneration reports filled with "mumbo jumbo"

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 APR 2012  |  NEWS
Remuneration reports have become overly long and filled with legal jargon that is not easily understood, said Peter Morgan, founder of 452 Capital. Speaking at the Ownership Matters governance conference in Melbourne, Morgan told an audience of investors ...

Santos identifies 24 material sustainability indicators

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 APR 2012  |  NEWS
Santos has reported on 24 material sustainability indicators, against a 51% increase in net profit after tax to AU$753m, a 14% increase in sales revenue to AU$2.53bn and a 5% decrease in production volume. "Key sustainability issues for us in 2012 include ...

Investors require more corporate ESG disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Companies listed on the Australian Stock Exchange should be disclosing their material environmental, social and governance (ESG) risks, including the future anticipated costs of carbon emissions, a panel of investment and accounting principles said. ...

LGS wins SuperRatings Infinity Award

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Local Government Super (LGS) has been given the Infinity Award for sustainability leadership for the second year in a row by research firm SuperRatings. The Infinity Award recognises the superannuation fund that is practicing responsible investment ...

New South Wales announces first social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Westpac Group, Commonwealth Bank of Australia and the Benevolent Society have been selected by the New South Wales (NSW) government to trial an AU$10m social benefit bond - a financing vehicle that will fund a program to assist at-risk families. The ...

Voluntary sustainability disclosures carry legal weight

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Companies making voluntary disclosures of environmental, social and governance (ESG) issues must ensure that any statements can be backed up by data and they must be aware that disclosures to reporting frameworks such as the Carbon Disclosure Project ...

Corporate sustainability a vehicle for value creation

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Corporate sustainability should be about strategic value creation, rather than just a statement of values, and the integrated reporting framework could assist companies in seeing environmental, social and governance (ESG) as central to strategy, according ...

Q&A with James Gifford, executive director of the UNPRI

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAR 2012  |  NEWS
James Gifford is the executive director of the UNPRI. He is currently in Australia and met with The Sustainability Report to talk about PRI's progress, its future plans, the challenges to implementing responsible investment (RI,) and how PRI can assist ...

UNPRI writes letter to UNGC leaders and laggards

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAR 2012  |  NEWS
A coalition of investors from 12 countries, including Statewide Super and New Zealand Superannuation Fund, have contacted 118 UN Global Compact (UNGC) companies on the issue of increased reporting on environmental, social and governance activities. ...