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Industry welcomes CEFC expert review

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 APR 2012  |  NEWS
Investors, banks and industry bodies welcomed the report on the structure of the Clean Energy Finance Corporation (CEFC), saying that the expert review panel's conclusions reflected a pragmatic view of the CEFC's role in facilitating private investment ...

Q&A with Nelmara Arbex, deputy chief executive, GRI

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2012  |  NEWS
Nelmara Arbex is deputy chief executive of the Global Reporting Initiative (GRI), which provides the most commonly accepted set of guidelines for sustainability reporting. During the Australian GRI conference in Melbourne on 26-28 March, Arbex spoke ...

International human rights law impacts Australian companies

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2012  |  NEWS
Australian companies are exposed to risks stemming from human rights issues, and should be aware of international laws and frameworks creating obligations or pressure to set, implement and monitor human rights policies. Although there is not one set ...

ASA opposes Santos CEO $2m share grant

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2012  |  NEWS
The Australian Shareholders' Association (ASA) has struck out at a proposal from Santos to grant AU$2m grant of performance shares to CEO David Knox, in addition to his normal base salary plus short and long term incentives. The company put the issue ...

David Green named Clean Energy Council CEO

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2012  |  NEWS
The Clean Energy Council (CEC) has hired David Green as its new chief executive officer. Green was the founding chief executive of the UK Business Council for Sustainable Energy (UKBCSE) from 2001 to the start of this year, and is an executive director ...

CSA warns on timing of undirected proxy vote legislation

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 APR 2012  |  NEWS
Chartered Secretaries of Australia (CSA) is not confident that the government will be able to pass legislation that will clarify the right of a company chair to vote undirected proxies on a remuneration report resolution. Under current law, company ...

Investors weigh meaning of social return on investment

RACHEL ALEMBAKIS  |  THURSDAY, 5 APR 2012  |  NEWS
With some institutional investors turning their analysis to impact and social value investments, measuring how those investments provide value has also seen a concomitant rise in visibility. Social return on investment (SROI) is a principle that has ...

GRESB joins forces with GRI to push sustainability reporting

RACHEL ALEMBAKIS  |  THURSDAY, 5 APR 2012  |  NEWS
The Global Real Estate Sustainability Benchmark (GRESB) will partner with the Global Reporting Initiative (GRI), a move designed to advance the standardisation of reporting on environmental, social and economic performance in the global real estate ...

Fund manager: remuneration reports filled with "mumbo jumbo"

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 APR 2012  |  NEWS
Remuneration reports have become overly long and filled with legal jargon that is not easily understood, said Peter Morgan, founder of 452 Capital. Speaking at the Ownership Matters governance conference in Melbourne, Morgan told an audience of investors ...

Santos identifies 24 material sustainability indicators

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 APR 2012  |  NEWS
Santos has reported on 24 material sustainability indicators, against a 51% increase in net profit after tax to AU$753m, a 14% increase in sales revenue to AU$2.53bn and a 5% decrease in production volume. "Key sustainability issues for us in 2012 include ...