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Budget to cut ARENA funding, bring forward money to CTIP

RACHEL ALEMBAKIS  |  FRIDAY, 17 MAY 2013  |  NEWS
The government's proposed 2013-2014 budget provides both approval and disappointment for advocates of the clean energy and energy efficiency industries, as measures impact on funding of both the Australian Renewable Energy Agency (ARENA) and the Clean ...

VicSuper, SAS Trustee Corporation to divest from tobacco

RACHEL ALEMBAKIS  |  FRIDAY, 17 MAY 2013  |  NEWS
VicSuper and the SAS Trustee Corporation (STC) have voted to divest their funds of holdings in companies that manufacture tobacco products. The $9.2 billion VicSuper said it will phase out investing in manufacturers of tobacco products from this year ...

SEFA makes second loan, funds affordable housing purchase

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 MAY 2013  |  NEWS
Social Enterprise Finance Australia (SEFA) has made its second loan, to fund the purchase of housing units in a retirement home park in Tasmania. The loan is towards the construction and installation of four, two-bedroom prefabricated units for the ...

Ethinvest model portfolios outperform wider ASX indices

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 MAY 2013  |  NEWS
Proprietary model ASX50 and ASX100 portfolios developed by investment advisory firm Ethinvest has outperformed mainstream accumulation indices by wide margins, Ethinvest said. Trevor Thomas, Ethinvest managing director The Ethinvest ASX50 Screened Index ...

ACSI names leaders, laggards in ESG reporting

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAY 2013  |  NEWS
The Australian Council of Superannuation Investors (ACSI) finds that there is a persistent two-speed pace when it comes to ASX200 companies' ESG disclosures - more companies than ever reporting to a detailed or comprehensive standard, but almost half ...

ESG risks impact transport sector earnings, share price

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAY 2013  |  NEWS
Although ESG research on the transport sector has focused more on environmental factors, AMP Capital Investors says social and governance risks also impact on short-term earnings and share price. Mans Carlsson-Sweeny There are three key risks to the ...

National Sustainability Council issues macro-theme report

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAY 2013  |  NEWS
The National Sustainability Council has called its first public report a conversation-starter about macro-themes including inequality, education, climate change, sustainable growth through innovation and other factors impacting on Australia's future. ...

Transition to sustainable palm oil needs "significant work"

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAY 2013  |  NEWS
Many major Australian companies have made commitments to convert to using sustainable palm oil, but fulfilling those commitments requires "significant work", according to a report from WWF-Australia and the Australian Food & Grocery Council (AFGC). ...

Net Balance/ECO-Buy merger looks to impact strategy, policy

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 MAY 2013  |  NEWS
As Net Balance and ECO-Buy continue the process of integration brought on by their merger four months ago, Net Balance reports that they are exploring ways to offer services that match the supply chain to environmental capacities. Cameron Neil "It's ...

Superannuation funds urged to examine impact of investments

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAY 2013  |  NEWS
The overall superannuation industry has not done enough to make investment decisions that take environmental, social and governance impacts into consideration, and it is not only possible but imperative to do so, two fund professionals said at the annual ...