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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 ...

WOB: ASX200 companies not meeting gender diversity standards

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2012  |  NEWS
The majority of ASX200 companies have "serious work" to do to meet gender diversity standards embodied in ASX Principle 3, according to a survey carried out by Women on Boards (WOB). WOB surveyed 82 ASX200 companies' public disclosures for its WOB Traffic ...

IGCC and others launch second global investor survey

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2012  |  NEWS
The Investor Group on Climate Change (IGCC) and two other climate change investor groups have launched a global investor survey that will include a new, comprehensive assessment of low-carbon investments. IGCC, in conjunction with the European Institutional ...

CDP writes companies asking for carbon management and cuts

RACHEL ALEMBAKIS  |  FRIDAY, 24 FEB 2012  |  NEWS
The Carbon Disclosure Project (CDP) has sent letters to the CEOs of 415 of the largest companies around the world, calling for cost-effective management and reductions of their carbon emissions. As part of the CDP's Carbon Action initiative, the letters ...

Mercer ratings demonstrate challenge of integrating ESG

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
Mercer only gave 9% of more than 5,000 environmental, social and governance (ESG) investment strategies in their database their highest ratings because their evaluation is based on how strategies integrate ESG into the active construction of portfolio ...