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Minerals Council of Australia implementing water accounting

RACHEL ALEMBAKIS  |  FRIDAY, 30 NOV 2012  |  NEWS
The Minerals Council of Australia (MCA) has designed and is implementing a water accounting framework to provide a means for companies to analyse their water use and management in a way that is tailored to the minerals industry. Developed in conjunction ...

IIRC publishes integrated reporting prototype

RACHEL ALEMBAKIS  |  FRIDAY, 30 NOV 2012  |  NEWS
The International Integrated Reporting Council (IIRC) has released the prototype of the International Integrated Reporting Framework (IR), outlining concepts and principles to IR. The prototype framework establishes guiding principles and content elements ...

One third of ASX100 companies assure sustainability reports

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 NOV 2012  |  NEWS
Only 30 ASX100 companies in 2011 had their sustainability reporting assured by independent third parties, in line with global trends, according to research from the Association of Chartered Certified Accountants (ACCA) and the Net Balance Foundation. ...

Oliver Yates named CEO of Clean Energy Finance Corporation

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 NOV 2012  |  NEWS
Oliver Yates will be the inaugural chief executive officer of the Clean Energy Finance Corporation (CEFC). Yates, who began his job this week, will be responsible for day-to-day operations with the CEFC and will be responsible for the employment of ...

Woolworths poker machine vote fails, but push to continue

RACHEL ALEMBAKIS  |  FRIDAY, 23 NOV 2012  |  NEWS
Shareholders overwhelmingly rejected a motion demanding retailer Woolworths Limited to put $1 maximum bet limits on the poker machines they operate, but engagement advisers and active institutional investors say they do not believe the issue is dead ...

Investment in programs for Aboriginal women and girls needed

RACHEL ALEMBAKIS  |  FRIDAY, 23 NOV 2012  |  NEWS
Programs that assist Aboriginal women and girls can have a multiplier effect through the wider community because women act as catalysts for social change according to a report examining approaches for philanthropic investment. The AMP Foundation report ...

Fiona Reynolds to take PRI managing director role

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 NOV 2012  |  NEWS
Fiona Reynolds has resigned as CEO of the Australian Institute of Superannuation Trustees (AIST) to take a job as managing director of the Principles for Responsible Investment (PRI). Fiona Reynolds The newly created position will see Reynolds work ...

Boards increasing engagement on remuneration reports

RACHEL ALEMBAKIS  |  FRIDAY, 16 NOV 2012  |  NEWS
Boards of listed companies are continuing to increase the amount of time they spend engaging with investors, particularly around executive remuneration issues, said Amanda Wilson, Regnan managing director. Wilson said that in the lead-up to this year's ...

PRI publishes hedge fund responsible investment paper

RACHEL ALEMBAKIS  |  FRIDAY, 16 NOV 2012  |  NEWS
Institutional investors can analyse hedge fund managers and strategies with an eye to improving governance and values alignment in line with the UN-backed Principles for Responsible Investment (PRI). PRI has released a discussion papers on hedge funds ...

ANZ creates hydroelectric power policy for lending

RACHEL ALEMBAKIS  |  FRIDAY, 16 NOV 2012  |  NEWS
ANZ Bank has created a hydroelectric power policy so that the bank can align its lending practices with best practices regarding issues such as water quality and working with communities that might be impacted by infrastructure development. The bank ...