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LGS generating energy savings certificates from retrofits

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 NOV 2012  |  NEWS
New South Wales-based Local Government Super (LGS) is generating revenue through the creation of energy savings certificates based on retrofits of properties in its direct real estate portfolio. Local Government Super property, 76 Berry Street, North ...

Hermes Fund Managers launch quant ESG equity strategy

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 NOV 2012  |  NEWS
Hermes Fund Managers has created a global quantitative environmental, social and governance (ESG) strategy and has announced that Local Government Super (LGS) has awarded a AU$90m mandate for the strategy. The strategy combines Hermes' existing quantitative ...

Fewer ASX companies see carbon price as a business risk

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
There has been a 12% drop in the number of listed Australian companies identifying a carbon price as a business risk, indicating their increasing comfort with the pricing regime, according to the Carbon Disclosure Project 's Australia and New Zealand ...

Capturing the upside potential of Australia's carbon market

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
While the Australian carbon market is still inhibited by political uncertainties, businesses are beginning to plan for a longer term future where buying and selling carbon units and permits is a part of their strategy. Nick Armstrong, CEO COzero "Last ...

Ernst & Young: go beyond carbon price implementation

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
Companies should be assessing the full range of strategic options of response to the carbon pricing mechanism, and not doing so is as risky as doing nothing at all, according to a new Ernst & Young report. Many businesses have implemented the processes ...

Environmental, operating risk to unconventional oil projects

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
The historically high price of oil is fuelling the economics of unconventional petroleum projects, but investors must factor in greater risk from environmental liabilities such as marine hydrocarbon spills and ongoing operational costs when assessing ...

Commonwealth Bank reports increased customer satisfaction

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 NOV 2012  |  NEWS
Commonwealth Bank of Australia reported an increase in retail customer satisfaction of 79%, a 4% jump from last year, as well as increases in gender diversity and community program funding in its most recent sustainability report. Commonwealth Bank ...

Sustainable development and Australia in the Asian Century

RACHEL ALEMBAKIS  |  FRIDAY, 2 NOV 2012  |  NEWS
The recently published Australia in the Asian Century white paper is a roadmap detailing how Australia should navigate the opportunities and challenges of the rising wealth and development of the Asian region. Sustainable development is an implicit ...

OECD criticises low enforcement of foreign bribery law

RACHEL ALEMBAKIS  |  FRIDAY, 2 NOV 2012  |  NEWS
The Australian government is making foreign bribery offences a priority, but enforcement of its foreign bribery laws has been "extremely low", according to a report by the Organisation for Economic Co-operation and Development (OECD). There has only ...

Responsible investment in The Asian Century

RACHEL ALEMBAKIS  |  FRIDAY, 2 NOV 2012  |  NEWS
The recently published Australia in the Asian Century white paper is focused on structural changes to the Australian economy and society that will put the country on the path to respond to the opportunities and reduce risks of some of the challenges. ...