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ACCIONA to develop NSW wind farm

RACHEL ALEMBAKIS  |  FRIDAY, 12 AUG 2011  |  NEWS
ACCIONA, the world's largest independent, non-utility, renewable energy developer and owner, will develop a AU$147m wind farm in New South Wales. The Gunning Wind farm will generate 46.5MW. It is ACCIONA's 278th in the world and will deliver enough ...

Sensis certified carbon neutral

RACHEL ALEMBAKIS  |  FRIDAY, 12 AUG 2011  |  NEWS
Sensis, producer of the Yellow Pages and White Pages directories, has been certified as carbon neutral for its print and online directories under the Australian Government's National Carbon Offset Standard (NCOS). The certification recognises Sensis' ...

Women make strides in recent board appointments

RACHEL ALEMBAKIS  |  WEDNESDAY, 10 AUG 2011  |  NEWS
Women have comprised 29% of all new appointments to ASX200 boards so far this year, according to research compiled by the Australian Institute of Company Directors. However, overall, women only make up 12.7% of directors on ASX200 listed companies. ...

Forthcoming GRESB report to benchmark RE environmental, social performance

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2011  |  NEWS
In September, the Global Real Estate Sustainability Benchmark (GRESB) will release its second survey assessing the environmental and social performance of public and private real estate investments. GRESB will be used by institutional investors to engage ...

FSC, ACSI release ESG reporting guide for ASX companies

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2011  |  NEWS
The Financial Services Council (FSC) and the Australian Council of Superannuation Investors (ACSI) have launched their ESG Reporting Guide for Australian Companies, a framework for assisting companies in identifying and reporting their ESG risks. FSC ...

Imbalances, sustainability and their impact on investing

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2011  |  NEWS
Although sustainability/ESG considerations and sovereign defaults are not, at first pass, connected to each other, when Tim Hodgson, senior investment consultant and head of Towers Watson's Thinking Ahead Group talks about both, the word "imbalances" ...

Assistance will "significantly reduce" effects of carbon tax on industry

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 AUG 2011  |  NEWS
Companies that fall under the government's proposed carbon pricing scheme will most likely see the negative effects on costs and earnings "significantly reduced" by the planned assistance package, according to research from MSCI. Emissions Intensive ...

Draft carbon tax legislation "faithful", but tricky in details

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUL 2011  |  NEWS
The government has released the draft legislation necessary to implement its carbon tax regime. The Clean Energy Legislative Package is seen as a "faithful" implementation of the policy articulated on 10 July by Prime Minister Julia Gillard. But one ...

Board capacity a key governance concern

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUL 2011  |  NEWS
Institutional investors have flagged the issue of board directors' capacity as a key governance issue. While neither investors, advisory groups, nor the directors believe there should be a hard and fast rule for the number of directorships that can ...

Citibank Australia appoints Samantha Mostyn non-executive director

RACHEL ALEMBAKIS  |  FRIDAY, 29 JUL 2011  |  NEWS
Citibank Australia has appointed Samantha Mostyn non-executive director of Citigroup Pty Limited, the legal entity which trades as Citibank in Australia. Mostyn was a member of the senior executive team at Insurance Australia Group from 2002-2008. She ...