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AMP Capital hires ESG research associate

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 JUN 2013  |  NEWS
AMP Capital Investors has hired Shalini Samuel as ESG research associate. Samuel comes to AMP Capital form Sustainable Investments Research Institute (SIRIS), and has extensive experience in ESG research, particularly Australian and Asian companies ...

GHG efficiency projects increase cities' finances and health

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
Cities that undertake initiatives to reduce greenhouse gas emissions are reducing costs, potentially attracting new business and economic growth and taking steps aimed at improving the health of their residents, according to a report from CDP. The CDP ...

Westpac, CBA, Benevolent Society launch social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
Westpac Institutional Bank, Commonwealth Bank of Australia and the Benevolent Society have created an AU$10 million social benefit bond (SBB) funding the new Family Preservation Service. Sandy Blackburn-Wright, head of social innovation at Westpac The ...

PRI to launch new reporting, assessment framework in October

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
The UN Principles for Responsible Investment (PRI) will launch its new reporting framework in October, an undertaking that is "one of the most important things the PRI can do," said Fiona Reynolds, PRI managing director. Fiona Reynolds, UN PRI managing ...

Citi analyses impact of carbon price repeal on ASX companies

RACHEL ALEMBAKIS  |  FRIDAY, 21 JUN 2013  |  NEWS
Citi analysts say coal miners, aluminium/alumina producers, and some oil and gas producers are likely to be the biggest beneficiaries of a repeal of Australia's carbon pricing legislation after the September federal election. Headed by Elaine Prior ...

Ann Byrne to step down as ACSI CEO

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 JUN 2013  |  NEWS
Ann Byrne, chief executive of the Australian Council of Superannuation Investors (ACSI) will step down in October. Ann Byrne, ACSI CEO Byrne has been ACSI CEO for more than five years, and recently informed ACSI's Committee of Management of her decision. ...

Barclays and MSCI launch ESG Fixed Income Indices

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUN 2013  |  NEWS
Barclays and MSCI have launched a range of environmental, social and governance (ESG) fixed income indices based on three categories of strategies. Laura Nishikawa, vice president and head of fixed income ESG research, MSCI ESG Research The Barclays ...

Publish What You Pay renews call for mandatory disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUN 2013  |  NEWS
Publish What You Pay Australia is urging the federal government to adopt standards of mandatory disclosure for companies in the mining and extractive industry. Publish What you Pay Australia's push comes as the European Parliament voted in favour of ...

NZ Super excludes nuclear base operators from investments

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUN 2013  |  NEWS
The New Zealand Superannuation Fund has decided to exclude a group of nuclear base operators because they are involved in programs to extend the life of nuclear stockpiles in the United States and United Kingdom. The NZ$22bn NZ Superannuation Fund will ...

Bill McKibben urges super funds to divest from fossil fuel

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JUN 2013  |  NEWS
Environmental activist Bill McKibben has met with superannuation funds during his recent Australian tour, pressing the economic and moral case for investors to divest from fossil fuel companies. Bill McKibben, co-founder and chairman of the board of ...