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Renewable energy provides 10% of Australia's electricity

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 DEC 2011  |  NEWS
Nearly 10% of Australia's electricity was derived from renewable energy sources in the year to September 2011, according to a report by the Clean Energy Council. According to the council's Clean Energy Australia Report 2011, Australia's electricity ...

Perpetual creating dashboard ESG reports

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2011  |  NEWS
As Perpetual finishes its second year as a UNPRI signatory, the investment manager will continue embedding environmental, social and governance (ESG) into its investment considerations, including finalising a dashboard report approach to ESG with their ...

ICMM warns of risks of differing carbon pricing policies

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2011  |  NEWS
Differences in carbon pricing policies in various countries and regions will cause variations in production costs for the mining industry, raising the possibility that production in one area will become less competitive than in others, the International ...

Low Carbon Australia partners with Macquarie Equipment Finance

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2011  |  NEWS
Low Carbon Australia and Macquarie Equipment Finance have established an Energy Efficient Asset Financing Program to stimulate uptake of clean energy technologies in existing commercial buildings. The Energy Efficient Asset Financing Program will provide ...

Rio Tinto, government partner for Pilbara governance program

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2011  |  NEWS
Indigenous Affairs Minister Jenny Macklin has announced a partnership between the Australian government and Rio Tinto Iron Ore to help ensure a landmark native title agreement in the Pilbara delivers sustainable benefits for Indigenous people. The partnership ...

Woolworths' employment, supply chain policies in 2011 report

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 NOV 2011  |  NEWS
Woolworths launched a Reconciliation Action Plan (RAP) to advance opportunities of Indigenous Australians and reported a 30% decrease in its lost time injury frequency rate (LTIFR), against a backdrop of a 5.1% increase in net profit to AU$2.124bn for ...

Pacific Hydro reduces carbon footprint 37%

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 NOV 2011  |  NEWS
Pacific Hydro, a renewable energy company owned by Industry Funds Management's Australian Infrastructure Fund, reported a reduction in its carbon footprint of 37%, primarily due to a decrease in construction activities, while also reporting net sales ...

Chartered Accountants: sustainability core business strategy

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2011  |  NEWS
For companies to report and manage sustainability exposures for long-term value creation, they need develop strategies to improve environmental, social and governance performance. So says the Australian Institute of Chartered Accountants, which has ...

Carbon credits to be regulated as financial products

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2011  |  NEWS
Companies that sell tradeable carbon credits generated under the Carbon Farming Initiative (CFI) will have to register for an Australian Financial Services (AFS) license as part of draft legislation from the federal government. The federal government ...

Climate Bond Standard to screen green bonds

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2011  |  NEWS
The Climate Bond Initiative has released its prototype Climate Bond Standard, a screening tool that certifies bonds as contributing to the delivery of a low carbon economy. In its first stage, the Climate Bond Standard lists wind energy investments ...