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Accountancy profession a driver of corporate sustainability

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2012  |  NEWS
The accountancy profession has an important role to play in how companies integrate sustainability into strategy and reporting, and accountants need to consider sustainability issues from a number of perspectives, according to two professors from the ...

Solomon Islands implement EITI payment disclosure standard

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2012  |  NEWS
The Solomon Islands will implement the global Extractive Industries Transparency Initiative Standard (EITI), meaning the government will disclose payments from its extractives sector. The Solomon Islands has established Solomon Islands Extractive Industries ...

Global Reporting Initiative G4 draft out for public comment

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2012  |  NEWS
The Global Reporting Initiative (GRI) has published an exposure draft of the new G4 framework, and has opened it up for public feedback. The G4 framework is focused on five main areas - boundary, application levels, governance and remuneration, supply ...

Using water accounting to measure, manage financial risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUL 2012  |  NEWS
The development of an Australian water accounting standard means that companies will be able to provide disclosure about water rights and obligations in a financially meaningful fashion, at a time when Australian companies are coming under scrutiny ...

CFSGAM hires Pablo Berrutti as responsible investment head

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUL 2012  |  NEWS
Pablo Berrutti has been hired as Colonial First State Global Asset Management's head of responsible investment Asia Pacific, while Amanda McCluskey has moved to a new role with the company in Singapore. Pablo Berrutti Berrutti comes to Colonial First ...

Farrell names appointments to National Water Commission

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUL 2012  |  NEWS
The Parliamentary Secretary for Sustainability and Urban Water, Senator Don Farrell, has appointed Karlene Maywald chair of the National Water Commission and re-appointed three commissioners. Don Farrell Maywald is a former South Australian Nationals ...

Companies, investors prepared for carbon price launch

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUN 2012  |  NEWS
Ahead of this weekend's launch of the carbon pricing mechanism, investors and corporate advisors say that they are confident that liable companies are aware of their exposures and have plans to manage costs for the first stage of the carbon pricing ...

CDP: water a substantial risk to ASX100 companies

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUN 2012  |  NEWS
More than two thirds of 22 ASX100 water-sensitive companies responding to a Carbon Disclosure Project (CDP) request for disclosure on water management identify water as a substantial risk to business, but only 55% report board-level oversight of water-related ...

ARENA board members, CEO named

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUN 2012  |  NEWS
Jane Sargison, Betsy Donaghey, Judith Smith and Mark Twidell have been appointed as inaugural board members of the Australian Renewable Energy Agency (ARENA), and Ivor Frischknecht has been named ARENA's first chief executive officer. Resources Minister ...

MSCI launches ESG portfolio analytics tool

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUN 2012  |  NEWS
MSCI has launched MSCI ESG Portfolio Analytics, a reporting tool to help fund managers and institutional investors assess the ESG characteristics and risk profile of an equity portfolio. MSCI ESG Portfolio Analytics reports include portfolio and index ...