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UCA Funds Management release 2013 annual report

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUN 2014  |  NEWS
UCA Funds Management's assets under management grew by 10% to more than AU$900 million last year and will register their retail funds as registered managed investment schemes, according to their 2013 annual report. Michael Walsh, UCA Funds Management ...

PRI coalition calls for improved palm oil practices

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUN 2014  |  NEWS
A coalition of signatories to the Principles for Responsible Investment (PRI) has called on palm oil producers to improve practices with the aim of "decoupling palm oil production from deforestation." The PRI's Sustainable Palm Oil Investor Working ...

AMP Capital lists fossil fuel exclusions for RIL funds

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
AMP Capital has developed a list of companies exposed to the most emissions-intensive fossil fuels that they will exclude from their Responsible Investment Leaders (RIL) funds range. Ian Woods, AMP Capital RIL is a range of fund of funds with a long-term ...

KPMG finds companies invest $12.2bn in social programs

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
One hundred of the world's largest companies made investments in social programs valued at US$12.2 billion in 2013, but less than a third of those companies are reporting on the impact of those investments, according to a new global report by KPMG International. ...

Westpac reports progress on sustainability targets

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
Westpac has revealed progress on its sustainability strategy and is conducting a review of its environmental, social and governance (ESG) risk framework, a biennial process that is considered a "refresh", said Siobhan Toohill, head of group sustainability ...

Future Fund hires new head of ESG risk management

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAY 2014  |  NEWS
The Future Fund has hired appointed Joel Posters as its new head of environmental, social and governance risk management. Posters will start in August after relocating to Australia from The Netherlands. He was most recently global head of sustainability ...

ASIC guide widens scope of risk, future prospect disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
A regulatory guide released by the Australian Securities and Investments Commission (ASIC) has extended recommendations of how directors should disclose risks and future prospects of a listed company, opening further opportunities for transparency around ...

Net Balance, Gold Standard report on co-benefits value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
Robustly designed climate mitigation projects can deliver environmental, social and economic benefits resulting in greater financial impact than previously calculated, according to a study from The Gold Standard. Neil Salisbury, director, Net Balance ...

Managing ESG reputation can benefit corporate value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
Managing a company's reputation when it comes to environmental, social and governance (ESG) issues can strengthen intangible assets, corporate and financial experts said. Philipp Aeby, chief executive officer, RepRisk Speaking at a panel discussion ...

Sustainability reporting a source of key business value

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAY 2014  |  NEWS
Sustainability reporting has become a vital means for companies to communicate non-financial indicators to capital markets, and regulatory changes in the Australian market mean that companies must think through their sustainability reporting strategies ...