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AGL installs first solar panels at Nyngan solar plant

RACHEL ALEMBAKIS  |  FRIDAY, 1 AUG 2014  |  NEWS
AGL has installed the first solar panel modules at its large-scale solar plant in Nyngan, New South Wales. AGL has installed the first solar panels at the Nyngan Solar Plant. L-R Ray Donald, Bogan Shire mayor; Ivor Frischknecht, ARENA CEO; Kevin Humphries ...

PRI to target water risk in agricultural supply chains

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 JUL 2014  |  NEWS
Principles for Responsible Investment (PRI) has opened a new initiative and will focus on engaging with 54 companies around the world that have water risk exposure in their agricultural supply chain. Fiona Reynolds, UN PRI managing director The agriculture ...

Oncologist leads drive for tobacco stock divestment

RACHEL ALEMBAKIS  |  FRIDAY, 25 JUL 2014  |  NEWS
Since 2011, 16 superannuation funds have divested from AU$1.2 billion in tobacco stocks, and one Melbourne oncologist has made it her cause to persuade the superannuation industry to divest from the rest of what she estimates is a total of AU$8.5 billion ...

RIAA: Increased public demand for responsible investments

RACHEL ALEMBAKIS  |  FRIDAY, 25 JUL 2014  |  NEWS
Public demand for responsible investments is beginning to rise for the first time in a decade, according to the Responsible Investment Association Australasia (RIAA). Simon O'Connor, RIAA CEO RIAA has released its 2014 Benchmark Report, the 13 th annual ...

JANA: Majority of fixed income managers consider ESG

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
A majority of global fixed income managers say they consider environmental, social and governance (ESG) factors in their investment process, according to a survey by JANA. Steven Carew, head of investment research and outcomes, JANA JANA received responses ...

CEFC, CFSGAM to establish clean energy infrastructure fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) and the direct infrastructure division Colonial First State Global Asset Management (CFSGAM) will establish the country's first unlisted clean energy direct infrastructure fund. Meg McDonald, chief operating ...

Mercer research surveys governance at superannuation funds

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
More than half of superannuation funds participating in a recent Mercer survey have reported that they do not currently have independent directors on their trustee boards. Pam McAlister, partner and senior governance consultant, Mercer Mercer surveyed ...

GRI names Michael Meehan new chief executive

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
The Global Reporting Initiative (GRI) has hired Michael Meehan as its new chief executive. Meehan is a sustainability CEO and entrepreneur and has led companies in several countries, including Carbonetworks from 2004-2010 and iVeridis Corporation from ...

Business begins unwinding of carbon tax arrangements

RACHEL ALEMBAKIS  |  FRIDAY, 18 JUL 2014  |  NEWS
With the repeal of the carbon pricing mechanism passing through the Australian Senate this week, companies that were liable for paying for their carbon emissions will now begin the process of unwinding their arrangements and calculating how direct and ...

Financial System Inquiry addresses impact investment market

RACHEL ALEMBAKIS  |  FRIDAY, 18 JUL 2014  |  NEWS
The Financial System Inquiry interim report released this week addressed a myriad of topics that fall under inquiry's mission statement of laying out a blueprint for the next decade. Amid the four hundred-plus pages of the report is a three-page section ...