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Climate Bonds Initiative proposes green property standards

RACHEL ALEMBAKIS  |  FRIDAY, 20 JUN 2014  |  NEWS
The Climate Bond Green Property Working Group has issued proposed standards defining which buildings can be used as the basis for certified climate bonds. Sean Kidney, Climate Bonds Initiative chair The proposed rules are part of the Climate Bonds Standards ...

ARENA invests in Sunverge Energy via venture capital fund

RACHEL ALEMBAKIS  |  FRIDAY, 20 JUN 2014  |  NEWS
The Southern Cross Renewable Energy Fund has made an AU$7.6 million investment in Sunverge Energy, a company that is developing a simple, cost-effective solar energy storage solution. Half of the investment - AU$3.8 million - has come from the Australian ...

AMP Capital assesses progress, risks in Bangladesh factories

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 JUN 2014  |  NEWS
Although work is underway in Bangladesh to improve the fire and building safety of factories in an attempt to prevent further tragedies such as 2012's Rana Plaza factory collapse, Australian retailers that source apparel from Bangladeshi suppliers are ...

Mercer hires Alexis Cheang to Responsible Investment team

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 JUN 2014  |  NEWS
Mercer has hired Alexis Cheang as a senior responsible investment consultant within Mercer's Responsible Investment team. Cheang is based in Sydney and will work with Mercer's investment clients "in helping them implement Mercer's recently launched ...

CFI a source of economic opportunity for Indigenous groups

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUN 2014  |  NEWS
The Carbon Farming Initiative (CFI) has offered opportunities for income generation for carbon abatement and sequestration activities for a number of entities, including Indigenous groups. One of the earliest methodologies approved under the CFI certified ...

ACCSR: Australian CSR integration is too little, too slow

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 JUN 2014  |  NEWS
Progress in integrating corporate social responsibility (CSR) in Australia has been too little and too slow, according to the Australian Centre for Corporate Social Responsibility (ACCSR). Leeora Black, managing director, Australian Centre for Corporate ...

Foresters Community Finance, InterFinancial to partner

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Foresters Community Finance has sold shares in its funds management subsidiary to mid-market corporate advisory firm InterFinancial Corporate Finance as part of a strategic partnership between the two companies. InterFinancial offers independent advisory ...

Natural Carbon announces Cape York CFI project

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Natural Carbon, Pormpuraaw Aboriginal Shire Council and Olkola Aboriginal Corporation will undertake savannah burning on 13,000 square kilometres in Cape York, a Carbon Farming Initiative (CFI)-compliant project. The implementation of the savannah burning ...

Push to focus on tax reform, transparency as part of G20

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Tax and transparency reforms should be a priority for Australia in its presidency of the G20 because there is a strong link between base erosion and profit sharing (BEPS) and the G20's objective to promote development, according to Oxfam Australia and ...

UCA Funds Management release 2013 annual report

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUN 2014  |  NEWS
UCA Funds Management's assets under management grew by 10% to more than AU$900 million last year and will register their retail funds as registered managed investment schemes, according to their 2013 annual report. Michael Walsh, UCA Funds Management ...