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Victorian government boosts Good Money funding

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 MAY 2015  |  NEWS
The Victorian state government has committed AU$7.2 million over four years to Good Shepherd Microfinance's Good Money program. Good Shepherd Microfinance CEO Adam Mooney The allocation came as part of the Victorian state budget, presented this week ...

Video: Fossil Fuel Divestment Exposure

RACHEL ALEMBAKIS  |  FRIDAY, 1 MAY 2015  |  NEWS
The Sustainability Report moderated this live panel debate examining the legal and governance issues behind fossil fuel divestment. A superannuation fund's decision around divestment from fossil fuel or high carbon emission intensity assets should be ...

BNY Mellon offers ESG data to depositary receipt clients

RACHEL ALEMBAKIS  |  FRIDAY, 1 MAY 2015  |  NEWS
BNY Mellon will offer its depositary receipts clients access to environmental, social and governance (ESG) research and analysis through a partnership with Sustainalytics. Guy Gresham, managing director, head of global investors relations advisory ...

ASX200 ESG reporting improves, but laggards persist: ACSI

RACHEL ALEMBAKIS  |  FRIDAY, 1 MAY 2015  |  NEWS
ASX200 companies are continuing to improve their sustainability disclosures, but 33% of the index continue to rate in the lowest categories of reporting, according to the Australian Council of Superannuation Investors (ACSI). Louise Davidson, ACSI CEO ...

Local Government Super top AODP index

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 APR 2015  |  NEWS
Local Government Super once again regained the top position on the global Asset Owners Disclosure Project (AODP) index for their work in managing climate risk, but 85% of the 500 largest asset owners globally are still not adequately disclosing or managing ...

Investor groups publish climate change investment guide

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 APR 2015  |  NEWS
The Investor Group on Climate Change (IGCC) and its three international counterparts have published a framework for institution investors can use to develop strategies and solutions for addressing their climate change risks. Climate Change Investment ...

Companies consider implications of new ASX principles

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2015  |  NEWS
As listed companies prepare to make annual reports based on the third edition of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the application of two parts, relating to risk management and the disclosure ...

AODP, ClientEarth to challenge funds on climate change

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2015  |  NEWS
The Asset Owners Disclosure Project (AODP) is partnering with environmental law organisation ClientEarth to launch a project at challenging pension fund trustees and managers around their fiduciary duties to protect investments from the risks of climate ...

BP shareholders pass Aiming for A climate risk resolution

RACHEL ALEMBAKIS  |  FRIDAY, 24 APR 2015  |  NEWS
BP shareholders overwhelmingly backed a resolution that has directed the company to provide more information on their strategic management of carbon risks. Resolution 25 was proposed by the Aiming for A coalition, a group of institutional investors ...

Sustainable Stock Exchanges Initiative issues communication

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 APR 2015  |  NEWS
Members of the United Nations Sustainable Stock Exchanges (SSE) are engaging with capital market participants in a dialogue on responsible investment and sustainable business practices. Fiona Reynolds, UN PRI managing director The SSE have published ...