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SVA calls for $200-250m funding for social investment bank

RACHEL ALEMBAKIS  |  FRIDAY, 29 AUG 2014  |  NEWS
The government should seed a social investment bank with AU$200-250 million of debt or grant funding to meet capital required by market for social impact investments, according to Social Ventures Australia (SVA). Ian Learmonth, executive director of ...

EY buys Net Balance

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 AUG 2014  |  NEWS
EY has bought Net Balance in a move that will see Net Balance staff integrated into EY's Climate Change and Sustainability Services team. "This move to acquire Net Balance is about boosting EY's existing services to ensure we have the capability to ...

SVA: Newpin social benefit bond returns 7.5% in first year

RACHEL ALEMBAKIS  |  FRIDAY, 22 AUG 2014  |  NEWS
The AU$7 million social benefit bond (SBB) funding the Newpin program run by UnitingCare Burnside will deliver a return of 7.5% to investors this year after its first 12 months. Ian Learmonth, executive director of impact investing, Social Ventures ...

JBWere: private ancillary funds increase in size, distributions

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 AUG 2014  |  NEWS
There are more than a thousand Private Ancillary Funds (PAFs) in Australia with approximately AU$4 billion in assets, with new donations rising to AU$354 million, according to the annual JBWere Giving Trends Report. Distributions from PAFs to charitable ...

IIRC considers assurance of Integrated Reporting

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 AUG 2014  |  NEWS
The International Integrated Reporting Council (IIRC) is considering whether assurance on integrated reporting is necessary. Paul Druckman, IIRC CEO The IIRC has published two papers discuss the issue, Assurance on : an introduction to the discussion ...

Diversity Council Australia measures the bamboo ceiling

RACHEL ALEMBAKIS  |  FRIDAY, 15 AUG 2014  |  NEWS
People of Asian backgrounds are under-represented in leadership positions at Australian companies, with only 1.9% of ASX200 executives having Asian cultural origins, compared to 9.6% of the Australian population, according to research from Diversity ...

Christian Super engages with Transfield Services

RACHEL ALEMBAKIS  |  FRIDAY, 15 AUG 2014  |  NEWS
Christian Super is engaging with Transfield Services over its contract to provide services at the Australian Department of Immigration and Border Protection offshore processing centres on Nauru and Manus Island. Although the fund is not divesting from ...

ARENA funds expansion of Doomadgee Solar Farm

RACHEL ALEMBAKIS  |  FRIDAY, 15 AUG 2014  |  NEWS
The Australian Renewable Energy Agency (ARENA) is funding AU$4.6 million towards an $11.9 million project to expand Doomadgee Solar Farm in north-western Queensland. Ergon Energy is undertaking a 1MW expansion of the Doomadgee Solar Farm, which will ...

Australian National University Investment Office selects CAER

RACHEL ALEMBAKIS  |  WEDNESDAY, 13 AUG 2014  |  NEWS
CAER will provide the Australian National University (ANU)'s Investment Office with environmental, social and governance (ESG) ratings and company reports as part of a new agreement. Duncan Paterson, CAER CEO ANU's Investment Office manages the university's ...

ARENA fund Laing O'Rourke redeployable solar hybrid project

RACHEL ALEMBAKIS  |  WEDNESDAY, 13 AUG 2014  |  NEWS
The Australian Renewable Energy Agency (ARENA) will allocate $450,000 in funding to Laing O'Rourke to support a $1.4 million redeployable, large-scale solar-diesel hybrid power plant pilot project. Global construction company Laing O'Rourke would be ...