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Vast Solar begins construction on 6MW solar thermal station

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAY 2014  |  NEWS
Vast Solar has started construction on a 6MW concentrating solar thermal (CST) pilot project in New South Wales, a first of its kind Australian project. The Jemalong Solar Thermal Station will include three hours' thermal storage, which should enable ...

AXA IM develops impact investing fund of funds

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAY 2014  |  NEWS
AXA Investment Managers (AXA IM) is currently developing an impact investment fund of funds strategy, a response to growing client interest to invest into the space. Matt Christensen, global head of responsible investment, AXA IM AXA IM has allocated ...

LGS Taps AMP Capital for social infrastructure

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAY 2014  |  NEWS
Local Government Super (LGS) will invest in AMP Capital's Community Infrastructure Fund (CommIF), a decision influenced by the social and environmental qualities that are part of the fund, said Bill Hartnett, LGS's head of sustainability. Bill Hartnett ...

Labour rights, NGO activism and governance cited as ESG trends

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAY 2014  |  NEWS
Increased environmental and social activism by non-governmental organisations (NGOs), the rising importance of human and labour rights as a social issue for companies and a divergence between considerations of governance and social and environmental ...

UCA Funds Management names fossil fuel exclusion stocks

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 MAY 2014  |  NEWS
UCA Funds Management has identified the listed companies that it will exclude from future equities investments, based on its recently announced fossil fuel policy. Michael Walsh, UCA Funds Management CEO Earlier this year, UCA Fund Management announced ...

Sedex Global partners with World Bank Institute on platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 MAY 2014  |  NEWS
Sedex Global and OpenCorporates will partner with the World Bank Institute to develop the Open Supply Chain Platform, an initiative aimed at companies' transparency and performance in responsible supply chain data. The Open Supply Chain Platform will ...

Government announces plan to abolish ARENA

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 MAY 2014  |  NEWS
The Australian government has announced plans to repeal the Australian Renewable Energy Agency Act 2011 and abolish ARENA, a move that would return AU$1.3 billion to consolidated revenue. Treasurer Joe Hockey unveiled the 2014/2015 budget on Tuesday ...

ASX companies lag global peers in disclosing water risks

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAY 2014  |  NEWS
ASX listed companies in water-sensitive sectors are more likely to be exposed to near-term water risks than global peers, but only 46% of those ASX companies disclosed information to the CDP for its Australia Water Report 2013. Graphic courtesy of CDP ...

Good Shepherd Microfinance receives more state funding

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAY 2014  |  NEWS
Good Shepherd Microfinance will receive a further AU$1.7 million in funding as part of the Victorian state budget. Good Shepherd Microfinance CEO Adam Mooney The additional funding, which was announced this week in the state's budget, will support for ...

bankmecu and Swan Hill Credit Union to merge

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAY 2014  |  NEWS
bankmecu and Swan Hill Credit Union (SHCU) will merge after SHCU members endorsed the move this week. The merger will enhance bankmecu's presence in regional Victoria and offer the local community a greater range of products, said Damien Walsh, bankmecu ...