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Westpac reports progress on sustainability targets

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
... 2017. In the sustainability strategy, Westpac also committed to making up to AU$6 billion available for lending and investment in clean tech and environmental services across the business, and the bank reported that AU$4.0 billion had been made available ...

LUCRF selects Northern Trust for ESG-screened mandate

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAY 2014  |  NEWS
... with LUCRF's ESG policy and its commitments as a signatory to the United Nations-backed Principles for Responsible Investment, said Roger McIntosh, head of investments at LUCRF. "The board has adopted a policy around ESG screens that is consistent with ...

Future Fund hires new head of ESG risk management

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAY 2014  |  NEWS
... and has experience across Europe, Asia and Australia, the Future Fund said. "Integrating ESG risk management into our investment decision-making is an important part of our program," said David Neal, Future Fund chief investment officer. "I am thrilled ...

ASIC guide widens scope of risk, future prospect disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
A regulatory guide released by the Australian Securities and Investments Commission (ASIC) has extended recommendations of how directors should disclose risks and future prospects of a listed company, opening further opportunities for transparency around ...

Net Balance, Gold Standard report on co-benefits value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
... abatement activity of climate projects can also open up new financing vehicles through either philanthropic support or investment in an emerging area known as results-based finance, Salisbury also noted. "Traditionally in the carbon space, you pre-sell ...

Managing ESG reputation can benefit corporate value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
... GTQ International Annual Australia ESG Conference, sustainability reporting experts told an audience of corporate and investment professionals that managing sustainability issues is part of managing intangible assets, and that managing a company's reputation ...

Sustainability reporting a source of key business value

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAY 2014  |  NEWS
... GTQ International Annual Australia ESG Conference, sustainability reporting experts told an audience of corporate and investment professionals that sustainability reporting has become more sophisticated. Nick Ridehalgh, partner CFO Advisory at KPMG traced ...

Vast Solar begins construction on 6MW solar thermal station

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAY 2014  |  NEWS
... processing, brewing, or minerals processing," the company said. The Jemalong Solar Thermal Station is funded by private investment and support from the Australian Renewable Energy Agency (ARENA). The Australian Renewable Energy Agency (ARENA) provided ...

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
... LGS's head of sustainability. Bill Hartnett, head of sustainability, Local Government Super In addition to the fund's investment characteristics, Hartnett also cited CommIF's transparency and the strength of its assets as part of the reason why LGS made ...