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Experts warn of trustees' climate change litigation risk

RACHEL ALEMBAKIS  |  FRIDAY, 12 JUN 2015  |  NEWS
Legal and investment experts have been advising superannuation fund trustees that they have an obligation to include evaluation of climate change risk in their overall governance and investment processes. But there may be new urgency to the calls, influenced ...

VicSuper exploring developing climate change fund option

RACHEL ALEMBAKIS  |  FRIDAY, 12 JUN 2015  |  NEWS
VicSuper is conducting research with its members to see if there is potential demand for an investment option that addresses climate change by either divesting from fossil fuels and carbon intensive companies, or favouring companies that are actively ...

CDSB launches expanded reporting framework

RACHEL ALEMBAKIS  |  FRIDAY, 12 JUN 2015  |  NEWS
The Climate Disclosure Standards Board (CDSB) has launched its expanded reporting framework. The framework goes beyond the previous guidelines, which focused on the management view of climate change-related risks and opportunities and greenhouse gas ...

Climate change impacts on investments "inevitable": Mercer

RACHEL ALEMBAKIS  |  FRIDAY, 5 JUN 2015  |  NEWS
Climate change will have an inevitable impact on investment returns, and investors need to factor it into their risk modelling as they would other factors, according to Mercer. Helga Birgden, head of responsible investing for Asia Pacific at Mercer ...

ANZ to partner with AWA in SE Asia program

RACHEL ALEMBAKIS  |  FRIDAY, 5 JUN 2015  |  NEWS
ANZ is partnering with the Australian Water Association (AWA) on water and wastewater management programs in South-East Asia. Christina Tonkin, ANZ managing director of global loans and advisory. The partnership will see AWA focus on "knowledge sharing ...

Expert panel discusses CSR practices in action

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 JUN 2015  |  NEWS
Innovation in corporate social responsibility (CSR) practices can lead to outcomes including retention of staff, creation of new value for shareholders, mitigation of risks, and more efficient allocation of capital, according a panel of experts speaking ...

Technology to push sustainability reporting forward: GRI

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 JUN 2015  |  NEWS
Technological developments and greater access to data will mean companies will be held accountable in real time for their reporting, strategies and management of sustainability issues, according to the Global Reporting Initiative (GRI). Nelmara Arbex ...

ANZ issues $600m green bond

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAY 2015  |  NEWS
ANZ has issued an AU$600 million green bond that will finance green property, wind power and solar projects. The bond - ANZ's first green bond and the second issued by an Australian bank - is five-year fixed rate, priced at 99.384 and an 80 bps spread ...

ACCSR tracks Australian/NZ progress towards CSR innovation

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAY 2015  |  NEWS
Corporate sustainability officers have an increased sense of optimism that corporate social responsibility (CSR) practices are driving innovation and impacting on environmental, social and economic challenges, according to the Australian Centre for ...

NFPs must align investments with mission: Koda Capital

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAY 2015  |  NEWS
Non-profits should reconsider the role of cash investments in their endowment portfolios and align their investment strategy with the mission of the non-profit, according to Koda Capital. David Knowles, partner, head of philanthropy and social capital ...