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HESTA creates first Reconciliation Action Plan

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 AUG 2015  |  NEWS
HESTA has launched its first Reconciliation Action Plan (RAP), outlining steps the fund will take to engage with Aboriginal and Torres Strait Islander stakeholders. HESTA is the first superannuation fund to sign a RAP, which has been endorsed by Reconciliation ...

NZ responsible investment assets increase 10%: RIAA

RACHEL ALEMBAKIS  |  FRIDAY, 14 AUG 2015  |  NEWS
Responsible investment assets in New Zealand increased by 10% in 2014 and reached NZ$63.5 billion, according to a new report from the Responsible Investment Association Australasia (RIAA). graphic courtesy of the Responsible Investment Association Australasia ...

Teachers Mutual Bank cash product certified ethical

RACHEL ALEMBAKIS  |  FRIDAY, 14 AUG 2015  |  NEWS
Teachers Mutual Bank's wholesale cash product has been certified as an ethical fund by the Responsible Investment Association Australasia (RIAA). Teachers Mutual Bank's Debt Issuance Program is an AU$500 million fund and has negative screens in place ...

NZ Super Fund releases PRI report, assessment

RACHEL ALEMBAKIS  |  FRIDAY, 14 AUG 2015  |  NEWS
The United Nations Principles for Responsible Investment (PRI) has given the New Zealand Superannuation Fund (NZ Super Fund) an A+ for its overall approach to responsible investment. NZ Super Fund has released its 2015 PRI report, as well as the PRI's ...

Good Money opens Adelaide retail store

RACHEL ALEMBAKIS  |  FRIDAY, 14 AUG 2015  |  NEWS
Good Shepherd Microfinance is officially launching its Good Money retail site in Salisbury, in Adelaide's northern suburbs. Adam Mooney, CEO of Good Shepherd Microfinance The Good Money store is the first one in South Australia, joining two other stores ...

Responsible investment reaches 50% total AUM: RIAA

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 AUG 2015  |  NEWS
Responsible investment assets reached AU$630 billion in assets, while core responsible investment assets reached AU$31.6 billion in 2014, according to the Responsible Investment Association Australasia (RIAA) benchmark report. Simon O'Connor, RIAA CEO ...

IGCC calls for emissions reductions targets with credible signal

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 AUG 2015  |  NEWS
... current commitment to limit global warming to 2C and establishes Australia as a preferred destination for low-carbon investment. Shallow targets which delay effective action will exacerbate investment risks and increase costs. With the right policy framework ...

PRI active on climate change, tax avoidance

RACHEL ALEMBAKIS  |  FRIDAY, 7 AUG 2015  |  NEWS
Signatories to the Principles for Responsible Investment (PRI) are engaging with governments and business on multinational tax avoidance and commitments around climate change in the lead up to the Paris Climate Change talks, among other activities ...

KPMG Australia buys Banarra

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 AUG 2015  |  NEWS
KPMG Australia has bought human rights and social impact consultancy, Banarra. The move brings new human rights and social impact expertise to KPMG Australia, said Adrian King, PMG Australia's partner in charge of climate change and sustainability services. ...

UCA Funds Management select Northern Trust

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 AUG 2015  |  NEWS
... announced it would complete the process to become a responsible entity (RE) and have two of their funds registered managed investment schemes this year. UCA Funds Management is in the process of changing their Australian Financial Services License (AFSL) ...