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Companies investing in sustainable operations showing returns

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2011  |  NEWS
A study of five Australian organisations, including Blackmores and Woolworths, has shown that companies that invest in sustainable business operations and incorporate ESG factors into their financial reporting are seeing returns on investment much sooner ...

ANZ publishes interim corporate responsibility report

RACHEL ALEMBAKIS  |  FRIDAY, 20 MAY 2011  |  NEWS
ANZ has released an interim corporate responsibility report for the financial year, highlighting progress in training staff for screening clients based on sensitive sector policies and reviewing investment portfolios against UNPRI guidelines, but also ...

Finsia drafts principles to disclose, address gender divide

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 MAY 2011  |  NEWS
The Financial Services Institute of Australasia (Finsia) have drafted a set of reporting principles so that financial services companies can benchmark, measure and address the employment gender divide. The draft principles (see below) would establish ...

Renewable energy could meet up to 80% of global supply by 2050: IPCC

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 MAY 2011  |  NEWS
Nearly 80% of the world's energy supply could be met by renewables by 2050, if supported by public policies, according to a report from over 120 researchers working with the Intergovernmental Panel on Climate Change (IPCC). Additionally, increasing ...

NSW coal miners engage in landmark stakeholder survey

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 MAY 2011  |  NEWS
Miners in the Upper Hunter Valley of New South Wales have engaged with stakeholders by commissioning a stakeholder survey to start a dialogue on the impacts of coal mining. The survey, commissioned by the New South Wales Minerals Council (NSWMC) shows ...

Integrating ESG an evolution for institutional investors

RACHEL ALEMBAKIS  |  FRIDAY, 6 MAY 2011  |  NEWS
Raising institutional investors' awareness of ESG risk and return factors is an evolution, according to Martin Goss, senior investment consultant, head of client consulting, Australia at global consultancy Towers Watson. Institutional investors can ...

Pacific Hydro to trade carbon credits from Chilean hydro project

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 MAY 2011  |  NEWS
Pacific Hydro, a renewable energy company owned by Industry Funds Management's Australian Infrastructure Fund, has received permission to create and trade carbon credits derived from a river hydro asset in Chile. The Clean Development Mechanism (CDM) ...

Woodside shareholders reject carbon disclosure resolution

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2011  |  NEWS
Woodside Petroleum Ltd shareholders - including signatories to the UNPRI - have rejected a resolution that would have amended the corporate constitution to require disclosure of the company's assumptions of future carbon prices, oil prices, demand for ...

PwC, Institute of Chartered Accountants recognise NFP transparency

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2011  |  NEWS
Mission Australia and Camp Quality have been recognised with the fourth annual Australian PwC Transparency Awards, which recognise improvement in reporting in the not-for-profit (NFP) sector. The awards are adjudicated in collaboration with the Institute ...

Rio Tinto annual report: fewer injuries, increase in GHG emission

RACHEL ALEMBAKIS  |  THURSDAY, 21 APR 2011  |  NEWS
Rio Tinto reported falling injury frequency rates, a year-on-year uptick in greenhouse gas (GHG) emissions intensity and a 40 per cent increase in community contributions against a backdrop of record US$14bn in underlying earnings and falling debt in ...