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IGCC working group engages on green finance design, function

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
Given the Australian and global push to transition to a low carbon economy by attracting private investment, the Low Carbon Finance Working Group (LCFWG) of the Investor Group on Climate Change (IGCC) is engaging with the government on the set-up and ...

Institutional investors put climate change into risk budget

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
More than half of the 12 institutional investors that participated in a 2011 Mercer climate change survey have decided to include climate change considerations in future risk management and/or strategic asset allocation processes. Through the Looking ...

Four appointed to Energy Security Council

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
The government has made four appointments to the Energy Security Council, a body established as part of the Clean Energy Future legislation to advise on measures to address energy security risks. Ross Bunyon, Nancy Fox, Stephen Parbery and Michael Perry ...

Global Reporting Initiative publishes events sector guidance

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
The Global Reporting Initiative (GRI) has published a new guidance for the events sector to increase the relevance of reporting on issues including greenhouse gas emissions, waste, attendee travel, event legacy, and initiatives taken at an event to ...

ESG investment analysis - answering the "so-what" question

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2012  |  NEWS
Fund management professionals say that the continuing quest to demonstrate the tangible costs and benefits of integrating environmental, social and governance (ESG) factors into portfolio valuations will be a dominant theme for 2012, along with continued ...

GESB Super to drop responsible investment option

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2012  |  NEWS
GESB, the AU$12bn superannuation fund for Western Australia public sector employees, will drop its MY plan - Responsible Investments Australian Shares option from March 2012. GESB launched the investment option in 2007, and it is managed by AMP Capital ...

KPMG: companies should review anti-corruption policies

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 JAN 2012  |  NEWS
Companies with international operations will need to review their anti-corruption and anti-bribery policies if the Australian government removes the "facilitation payments" defence from laws. David Luijerink, KPMG forensic partner In November, the government ...

Superannuation to heed call for greater disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2012  |  NEWS
Regulators and other stakeholder are asking the AU$1.4tr superannuation fund industry to increase their disclosure of asset holdings. While the industry is responding to those calls, their proposals are tempered by the context of providing meaningful ...

GRI establishing working groups for G4

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2012  |  NEWS
Global Reporting Initiative (GRI) is continuing to set up working groups for the development of the G4 next generation reporting guidelines. While nominations for the Disclosure on Management Approach working group close as of 13 January, more working ...

Investors make 2012 climate change investment commitments

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2012  |  NEWS
The Investor Network on Climate Risk (INCR), a collaborative group of more than 100 institutional investors managing nearly US$10tr, has agreed to an agenda that will further integrate climate risks and opportunities into investment portfolios and processes ...