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GRESB signs up new partner, members

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 AUG 2013  |  NEWS
The Global Real Estate Sustainability Benchmark (GRESB) has announced new partnerships and members as it is evaluating responses to the 2013 survey. IVBN, the association for Dutch institutional investors in the real estate sector, has become a partner. ...

AXA IM: board diversity an issue at EuroStoxx50 companies

RACHEL ALEMBAKIS  |  FRIDAY, 2 AUG 2013  |  NEWS
Revenue from emerging markets accounts for at least 20% of total revenue for more than half of companies in the EuroStoxx50, yet only 5.6% of board members on those companies are nationals from an emerging market, highlighting a need for increased diversity ...

BlackRock: ASX200 making "glacial" change in diversity

RACHEL ALEMBAKIS  |  FRIDAY, 2 AUG 2013  |  NEWS
The "glacial" rate of increase in the number of women appointed to ASX200 boards coupled with the fact that nearly 19% of companies failed to meet basic disclosure requirements on diversity policies means that Australia could face the imposition of ...

CEFC provides $75 million to Energy Developments Limited

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 JUL 2013  |  NEWS
The Clean Energy Finance Corporation (CEFC) will provide AU$75 million in financing to Energy Developments Limited (EDL) for investment in projects to generate energy from waste coal mine gas and landfill gas and remote hybrid renewables projects. CEFC ...

Water risks threaten growth of metals, mining companies

RACHEL ALEMBAKIS  |  WEDNESDAY, 31 JUL 2013  |  NEWS
Water risks are a threat to growth for the largest companies in the metals and mining sector, and those companies that manage water strategically are better financial performers, according to a report from CDP and Eurizon Capital. Fifty-seven of the ...

UCA Funds Management holds first investor briefing

RACHEL ALEMBAKIS  |  FRIDAY, 26 JUL 2013  |  NEWS
UCA Funds Management has held its first investor briefing, discussing the structure and returns of its three portfolios, its investment approach to selecting Australian equities and disclosing that a AU$7.7 million loan relating to the now-defunct Acacia ...

Bush Heritage Australia fund pays farmers for conservation

RACHEL ALEMBAKIS  |  FRIDAY, 26 JUL 2013  |  NEWS
Bush Heritage Australia and the Tasmanian Land Conservancy have launched a $3.3 million conservation fund that aims to conserve biodiversity in the Tasmanian Midlands. Beaufront, one of the 10 properties that has joined the Midlands Conservation Fund. ...

Two directors stepping down at Australian Ethical Investment

RACHEL ALEMBAKIS  |  FRIDAY, 26 JUL 2013  |  NEWS
Australian Ethical Investment will be filling two directors' roles. Andre Morony has advised that he will not seek re-election when his term as a director expires at the conclusion of this year's annual general meeting, which will be held on 20 November. ...

NYSE joins UN Sustainable Stock Exchanges Initiative

RACHEL ALEMBAKIS  |  FRIDAY, 26 JUL 2013  |  NEWS
NYSE Euronext, parent company of the New York Stock Exchange, will join the United Nations Sustainable Stock Exchanges (SSE) initiative. The SSE Initiative is co-organized by the UN Global Compact, the UN Conference on Trade and Development, the UN-supported ...

Local Government Super selects SSgA for equities mandate

RACHEL ALEMBAKIS  |  WEDNESDAY, 24 JUL 2013  |  NEWS
Local Government Super (LGS) has selected State Street Global Advisors (SSgA) to manage an AU$780 million Australian equities mandate that will include ESG screens. Bill Hartnett The mandate was labeled an "enhanced passive" strategy that will conform ...