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Gordon Hagart to leave ACSI

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 FEB 2015  |  NEWS
Ed note: Updates with comment from Gordon Hagart, ACSI Gordon Hagart is leaving his role as chief executive officer of the Australian Council of Superannuation Investors (ACSI) to return to Europe. Hagart's announcement is "unexpected and regrettable," ...

Queensland Investment Corporation joins GRESB

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 FEB 2015  |  NEWS
Queensland Investment Corporation (QIC) has joined the Global Real Estate Sustainability Benchmark (GRESB), ahead of the organisation's 2015 survey launch. QIC has more than AU$74 billion in assets under management and more than AU$10 billion invested ...

South Australia one step closer to building upgrade finance

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
The government of South Australia has introduced legislation that will enact environmental upgrade finance allowing commercial property owners to access finance to retrofit buildings to improve water, waste and energy efficiency. South Australia Climate ...

Towers Watson outlines framework for fossil fuel risk

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
Towers Watson has addressed growing institutional investor concern over fossil fuel investments and the risks of stranded assets by outlining a framework for response, embedded in the investment decision making process. Nick Kelly, investment consultant ...

Teachers Mutual Bank leads in community investment

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
Teachers Mutual Bank spent 4.55% of pre-tax profits on community investment in the last financial year, making the bank a global leader, according to the 2014 London Benchmarking Group (LBG). The 4.55% figure is AU$1.67 million of pre-tax profits for ...

RIAA reviewing responsible investment certification program

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 FEB 2015  |  NEWS
The Responsible Investment Association Australasia (RIAA) is reviewing its certification program with the goal of making adjustments to reflect the growing interest in responsible investment products, fund managers and investment advisers. Simon O'Connor ...

INCR working group calls for green bond definitions, framework

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 FEB 2015  |  NEWS
A group of investors convened by Ceres' Investor Network on Climate Risk (INCR) will seek to build increased definition and structure to support the development of the green bond market. The investor group released a statement of investor expectations ...

NSW develops first social impact investment policy

RACHEL ALEMBAKIS  |  FRIDAY, 6 FEB 2015  |  NEWS
The New South Wales government will target bringing two new social impact investment transactions to market per year as part of a ten-point social impact investment policy announced this week. Daniel Madhavan, CEO, Impact Investing Australia NSW is ...

GRI publishes linkage document for EU ESG directive

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 FEB 2015  |  NEWS
The Global Reporting Initiative (GRI) has released a guidance document that sets out the links between the GRI G4 guidelines and a new European Union directive that mandates companies to report on non-financial sustainability issues. Under legislation ...

Principles for Responsible Investment hire head of Africa

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 FEB 2015  |  NEWS
The Principles for Responsible Investment (PRI) have hired Adrian Bertrand as head of Africa, networks and global outreach. Bertrand joins the PRI from the Government Employees Pension Fund (GEPF) of South Africa, where he worked for four years as environmental ...