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CEFC moves to Sydney as industry prepares for its launch

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAR 2012  |  NEWS
As the federal government announced that the Clean Energy Finance Corporation (CEFC) will be located in Sydney, financial and investment institutions look to the CEFC's form and function as much as its location. The AU$10bn CEFC is expected to commence ...

GRI launches format to tag sustainability data in reports

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAR 2012  |  NEWS
The Global Reporting Initiative (GRI) have released a new format for tagging data in sustainability reports that will make it easier for users to find and analyse information. GRI's new XBRL (eXtensible Business Reporting Language) taxonomy is an open-source ...

Publish What You Pay campaigns for payments transparency

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 MAR 2012  |  NEWS
Publish What You Pay (PWYP) Australia, a multi-party organisation made up of human rights, aid, faith-based and environmental organisations, is pressing for regulatory changes that will cause oil, gas and mining companies to disclose payments made to ...

DEXUS head office, Republica Coffee declared carbon neutral

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 MAR 2012  |  NEWS
Republica Coffee and the head office of DEXUS Property Group has been certified carbon neutral by Low Carbon Australia. Republica was certified under the National Carbon Offset Scheme Carbon Neutral Program by measuring its greenhouse gas emissions ...

Working group to develop Sharia-compliant green securities

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 MAR 2012  |  NEWS
The Climate Bonds Initiative, the Clean Energy Business Council of the Middle East and North Africa and The Gulf Bond and Sukuk Association have formed a working group to develop best practices and promote the issuance of "green" sukuks, Sharia-compliant ...

Fourth Carbon Farming Initiative methodology approved

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
The Carbon Farming Initiative (CFI) is moving ahead, having recently approved a fourth procedure to measure and calculate emissions reductions. But legal experts note that there are several areas under discussion associated with the set-up and establishment ...

KPMG: agribusiness needs national food policy framework

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
The fragmentation of the agribusiness sector both contributes to and is hampered by the lack of a national food policy framework, which is necessary to promote innovation and differentiation and to ensure the long-term social, environmental and economic ...

ASIC renews call for better remuneration disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
The Australian Securities and Investments Commission (ASIC) say that companies can still improve their disclosures of executive and director remuneration. ASIC have reviewed a sample of 50 remuneration reports from ASX300 companies for the financial ...

Strong overseas interest in EUA structure, opportunities

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAR 2012  |  NEWS
There is strong overseas interest the structure of environmental upgrade agreements (EUAs) and the opportunities they present for commercial building owners and suppliers of waste, water and energy efficiency solutions, said Scott Bocskay, chief executive ...

AMP Capital, VFMC publish 2011 proxy voting record

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 FEB 2012  |  NEWS
Concerns over executive remuneration and incentive plans led institutional investors AMP Capital and the Victorian Funds Management Corporation (VMFC) to cast proxy votes against resolutions during 2011. Governance managers at both institutions also ...