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Former SA Premier Rann appointed Low Carbon Australia Chair

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 MAY 2012  |  NEWS
Former South Australia Premier Mike Rann has been appointed incoming chair of Low Carbon Australia by Minister for Climate Change and Energy Efficiency Greg Combet. "Mr Rann brings a wealth of knowledge and experience, to our organisation at a time ...

Disruptive innovation, ESG factors pose media sector risk

RACHEL ALEMBAKIS  |  FRIDAY, 25 MAY 2012  |  NEWS
Listed media companies are impacted by ethical and governance issues as well as industry-wide disruptive innovations, and investors should research carefully to avoid potential value traps, according to AMP Capital. Mans Carlsson-Sweeny The media sector ...

Carbon price cost could have 0.1% impact on services sector

RACHEL ALEMBAKIS  |  FRIDAY, 25 MAY 2012  |  NEWS
Although the impacts of the carbon price will vary depending on the business sector, the cost of the carbon price in the first year on the services sector could be as low as 0.1% of general ledger expenses, according to consultancy Pangolin Associates. ...

Carbon price to bring reporting and compliance complexities

RACHEL ALEMBAKIS  |  FRIDAY, 25 MAY 2012  |  NEWS
Companies should familiarise themselves with the compliance side of the forthcoming carbon price to be aware of the mechanism and available assistance, and should review contracts to see how they will be affected by up-stream and down-stream cost pass-ons ...

Fund management bodies oppose ASX share placements proposal

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 MAY 2012  |  NEWS
The Australian Council of Superannuation Investors (ACSI) and the Financial Services Council (FSC) are opposing a proposal by the Australian Stock Exchange (ASX) to allow small to mid-cap companies to issue discounted new shares to investors via placements. ...

Low Carbon Australia finances $1.6m Ipswich building upgrade

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 MAY 2012  |  NEWS
Low Carbon Australia has helped finance the $1.6m upgrade of a 7,000 square metre office and retail building in Ipswich, Queensland. The redevelopment of Trident's Limestone Street Centre featured upgrades to lighting, air-conditioning and a building ...

Perpetual to extend ESG dashboard to fixed income space

RACHEL ALEMBAKIS  |  FRIDAY, 18 MAY 2012  |  NEWS
Investment manager Perpetual will continue to roll out its dashboard report approach to embedding environmental, social and governance (ESG) considerations into investment decisions, including further reports on its universe of equities and preparing ...

AMP trials smartphone voting for annual general meeting

RACHEL ALEMBAKIS  |  FRIDAY, 18 MAY 2012  |  NEWS
More than 500 AMP shareholders used a smartphone to lodge their proxy votes for the company's May annual general meeting, via technology developed by their registrar, Computershare. AMP reported that more than 7,000 AMP shareholders lodged their proxy ...

AusLSA to provide access to environmental measurement tool

RACHEL ALEMBAKIS  |  FRIDAY, 18 MAY 2012  |  NEWS
The Australian Legal Sector Alliance (AusLSA) has introduced an online platform allowing members to measure and report their environmental impact. AusLSA, an industry-led association promoting sustainable practices in the legal sector, has partnered ...

Plantic opens expanded bioplastics facility

RACHEL ALEMBAKIS  |  FRIDAY, 18 MAY 2012  |  NEWS
Plantic Technologies, a bioplastics supplier of fresh food packaging, has opened new, expanded facilities in the Melbourne suburb of Altona that the company estimates will quadruple its production capacity. Brendan Morris, CEO of Plantic, Minister for ...