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SVA CEO calls for new investment model for social change

RACHEL ALEMBAKIS  |  FRIDAY, 12 SEP 2014  |  NEWS
Investing in social change "needs to look more like investing in the business world," according to the CEO of Social Ventures Australia (SVA). Michael Traill, CEO, Social Ventures Australia The current system for investing in social change is "inefficient ...

DJSI 2014 review names ASX companies industry leaders

RACHEL ALEMBAKIS  |  FRIDAY, 12 SEP 2014  |  NEWS
Commonwealth Bank of Australia has been added to the Dow Jones Sustainability Indices (DJSI) as S&P Dow Jones Indices and RobecoSAM announce the results of the 2013 DJSI review. CBA was one of the largest additions to the DJSI this year, with Dow Jones ...

World's multilateral banks to continue focus on climate finance

RACHEL ALEMBAKIS  |  FRIDAY, 12 SEP 2014  |  NEWS
The world's six multilateral development banks will continue to "reinforce and further develop climate financing" ahead of the United Nations Secretary-General's Climate Summit later this month. The African Development Bank (AfDB), Asian Development ...

Local property companies continue GRESB outperformance

RACHEL ALEMBAKIS  |  FRIDAY, 5 SEP 2014  |  NEWS
Australian/New Zealand property companies continue to outperform global peers in sustainability reporting and performance, according to the Global Real Estate Sustainability Benchmark (GRESB) 2014 results. Australia/NZ property companies received an ...

NY's EIC on residential, commercial property energy upgrades

RACHEL ALEMBAKIS  |  FRIDAY, 5 SEP 2014  |  NEWS
The state of New York is leveraging innovative clean energy financing vehicles and community outreach to fund clean energy and energy efficiency projects in both commercial and residential properties. The Energy Improvement Corporation (EIC ) operates ...

UCA Funds Management appoint independent directors

RACHEL ALEMBAKIS  |  FRIDAY, 5 SEP 2014  |  NEWS
UCA Funds Management has appointed Lindsay Mann and Jane Bell as independent non-executive directors. Mann is a fellow of the Actuaries Institute and has more than 40 years' financial services experience. He retired as regional head, Asia, of First ...

Pollinate Energy to partner with Powershop

RACHEL ALEMBAKIS  |  FRIDAY, 29 AUG 2014  |  NEWS
Pollinate Energy, a not-for-profit social enterprise that provides affordable solar lighting to people in India's urban slums, is establishing a partnership with Victorian energy retailer Powershop that will see the retailer donate $50 to Pollinate ...

SVA calls for $200-250m funding for social investment bank

RACHEL ALEMBAKIS  |  FRIDAY, 29 AUG 2014  |  NEWS
The government should seed a social investment bank with AU$200-250 million of debt or grant funding to meet capital required by market for social impact investments, according to Social Ventures Australia (SVA). Ian Learmonth, executive director of ...

Fifteen Australian signatories leave PRI

RACHEL ALEMBAKIS  |  FRIDAY, 29 AUG 2014  |  NEWS
Fifteen Australian signatories to the United Nations-supported Principles for Responsible Investment (PRI) have left the initiative. Between July 2013 and June 2014, a total of 121 signatories around the world delisted. "Signatories are delisted if ...

Sustainalytics hires Gary Hewitt

RACHEL ALEMBAKIS  |  FRIDAY, 29 AUG 2014  |  NEWS
Sustainalytics has hired Gary Hewitt to lead the development of expanded corporate governance research and data products. Hewitt is former head of governance research at GMI Ratings. He previously led a research team at Watson Wyatt (now Towers Watson) ...