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CSIRO hire Larry Marshall as chief executive

RACHEL ALEMBAKIS  |  FRIDAY, 10 OCT 2014  |  NEWS
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) has hired Dr Larry Marshall as its new chief executive. Larry Marshall, incoming chief executive of CSIRO Marshall is currently the managing director of Southern Cross Venture ...

Local Government Super enhances carbon-related screens

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 OCT 2014  |  NEWS
Local Government Super (LGS) will exclude companies with a material exposure to high carbon-sensitive activities and has opened the door to investing in nuclear energy. LGS CEO Peter Lambert LGS recently completed the review of its negative screening ...

Future Super launches as first fossil-fuel free fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 OCT 2014  |  NEWS
Future Super, Australia's first fossil fuel free superannuation fund, has been launched and is tapping into the growing fossil fuel divestment movement as part of its potential membership base. The fund launched a month ago and was founded by Adam Verwey ...

Corporate governance: moving to "owner relations" model

RACHEL ALEMBAKIS  |  FRIDAY, 3 OCT 2014  |  NEWS
As institutional investors and boards of listed companies increase their frequency and depth of communication around environmental, social and corporate governance governance issues, there has been an evolution on the part of some companies in the understanding ...

KPMG: top global miners make $1.2bn in social investments

RACHEL ALEMBAKIS  |  FRIDAY, 3 OCT 2014  |  NEWS
Mining, metals and engineering companies make billions of dollars of social investments, yet few companies report on the impacts these programs are having, according to KPMG. Carl Adams, head of mining, KPMG Australia KPMG's Global Mining Institute ...

ClimateWorks Australia: Australia can decarbonise by 2050

RACHEL ALEMBAKIS  |  FRIDAY, 3 OCT 2014  |  NEWS
Australia could achieve net zero carbon emissions by 2050 "without structural changes to the economy or lifestyle," according to recent research by ClimateWorks Australia and the Australian National University (ANU). The biggest changes needed to decarbonise ...

IGCC calls on PM to retain Renewable Energy Target

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 OCT 2014  |  NEWS
(Ed note: updates substantially with comment from Nathan Fabian of IGCC) The Investor Group on Climate Change (IGCC) has published an open letter to Prime Minister Tony Abbott, urging the federal government to maintain its previous support for the Renewable ...

SEFA finances three social enterprise projects

RACHEL ALEMBAKIS  |  FRIDAY, 26 SEP 2014  |  NEWS
Social Enterprise Finance Australia (SEFA) has made three new loans to social enterprises in Queensland and New South Wales, bringing their total loan book up to AU$7.5 million. Ben Gales, SEFA CEO The three loans were made to MiHaven Property Fund ...

Catholic Super makes case for global climate policies

RACHEL ALEMBAKIS  |  FRIDAY, 26 SEP 2014  |  NEWS
Among the attendees of the UN Climate Summit this week was Frank Pegan, CEO of Catholic Super, who spoke at a panel discussion to make the case for "bold and consistent" climate policies to facilitate global investment. Frank Pegan (far right), CEO ...

Mercer to analyse climate change portfolio risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 24 SEP 2014  |  NEWS
Mercer is revisiting the topic of a 2011 study examining the strategic asset allocation implications of climate change scenarios, partnering with a group of institutional investors that manage more than US$1.5 trillion in assets under management. Helga ...