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Teachers Mutual Bank leads in community investment

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
Teachers Mutual Bank spent 4.55% of pre-tax profits on community investment in the last financial year, making the bank a global leader, according to the 2014 London Benchmarking Group (LBG). The 4.55% figure is AU$1.67 million of pre-tax profits for ...

RIAA reviewing responsible investment certification program

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 FEB 2015  |  NEWS
The Responsible Investment Association Australasia (RIAA) is reviewing its certification program with the goal of making adjustments to reflect the growing interest in responsible investment products, fund managers and investment advisers. Simon O'Connor ...

INCR working group calls for green bond definitions, framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 FEB 2015  |  NEWS
A group of investors convened by Ceres' Investor Network on Climate Risk (INCR) will seek to build increased definition and structure to support the development of the green bond market. The investor group released a statement of investor expectations ...

NSW develops first social impact investment policy

RACHEL ALEMBAKIS  |  FRIDAY, 6 FEB 2015  |  NEWS
The New South Wales government will target bringing two new social impact investment transactions to market per year as part of a ten-point social impact investment policy announced this week. Daniel Madhavan, CEO, Impact Investing Australia NSW is ...

Westpac commits to recruiting 400 Indigenous university interns

RACHEL ALEMBAKIS  |  FRIDAY, 6 FEB 2015  |  NEWS
Westpac has committed to recruiting at least 40 Aboriginal or Torres Strait Islander university student interns annually for the next decade. Siobhan Toohill, Westpac The banking group signed a 10 year contract with CareerTrackers Indigenous Internship ...

GRI publishes linkage document for EU ESG directive

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 FEB 2015  |  NEWS
The Global Reporting Initiative (GRI) has released a guidance document that sets out the links between the GRI G4 guidelines and a new European Union directive that mandates companies to report on non-financial sustainability issues. Under legislation ...

Principles for Responsible Investment hire head of Africa

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 FEB 2015  |  NEWS
The Principles for Responsible Investment (PRI) have hired Adrian Bertrand as head of Africa, networks and global outreach. Bertrand joins the PRI from the Government Employees Pension Fund (GEPF) of South Africa, where he worked for four years as environmental ...

Supply chain vulnerable to climate change risk: CDP

RACHEL ALEMBAKIS  |  FRIDAY, 30 JAN 2015  |  NEWS
Supply chains in Brazil, China, India and the United States are more vulnerable to climate change than those in Europe and Japan because of lack of preparation, according to CDP. CDP analysed suppliers from 11 countries in relation to their climate ...

GRI creates two leadership groups for future discussion

RACHEL ALEMBAKIS  |  FRIDAY, 30 JAN 2015  |  NEWS
The Global Reporting Initiative (GRI) is forming two corporate leadership groups - one to further the international discussion on the purpose of sustainability reporting, and a second on the role of integrated reporting. The GRI has established the ...

CEFC finances $20m in business energy improvements

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 JAN 2015  |  NEWS
The Clean Energy Finance Corporation (CEFC) and Commonwealth Bank have financed AU$20 million in energy productivity projects for business via the Energy Efficient Loan program. Oliver Yates, Clean Energy Finance Corporation (CEFC) CEO The Energy Efficient ...