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Westpac reports sustainability progress, net profit

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
Westpac Group has recorded increases in employee engagement and the percentage of women in leadership and decreases in its lost time injury frequency rate (LITFR) and greenhouse gas emissions, against a backdrop of a net profit of AU$6.99bn, an increase ...

Mirvac identifies 22 material sustainability issues

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
Mirvac Group, the property development, investment, and management company, has identified 22 sustainability related issues that are material to the group and its stakeholders. The issue, which range from business conduct to supply chain, was the basis ...

Global Reporting Initiative calls for G4 public comment

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2011  |  NEWS
The Global Reporting Initiative (GRI) has called upon organisations and individuals globally to participate in a survey that will guide the development of the next generation of its guidelines. The first comment period on the G4 guidelines is open until ...

Elders reports increased lost time injury frequency rate

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 NOV 2011  |  NEWS
Elders, the rural services and automotive components supply company, recorded a lost time injury frequency rate (LITFR) of 6.3 for its rural services division, as compared to 5.60 to September 2010, and reported an effluent leak at one of its Victorian ...

Bradbury highlights corporate ESG reporting inconsistencies

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 NOV 2011  |  NEWS
Institutional investors will demand explanation for discrepancies between companies' nominated environmental, social and governance (ESG) principles and any divergences in practice in the way that they currently question discrepancies in financial matters ...

Australia enters the era of carbon as a commodity

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2011  |  NEWS
The Clean Energy Future legislation has passed into law, and now that the infrastructure and timeline to creating a market-based mechanism for pricing carbon emissions is reality, so begins the era of carbon as a commodity. Liable companies will need ...

LGS uses trigeneration technology for property retrofit

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2011  |  NEWS
The New South Wales based Local Government Super (LGS) has completed a retrofit of a Sydney commercial property that will reduce the building's emissions reduced by approximately 85% and allow the building to operate independently of the electricity ...

Only 4% of CDP respondents see high risks with carbon pricing

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 NOV 2011  |  NEWS
A majority of ASX200 and NZ50 companies reported to this year's Carbon Disclosure Project (CDP) that they saw risks associated with carbon pricing, but many also saw opportunities and only 4% of respondents said the risks were rated as high. According ...

Carbon tax passes Senate, pricing concerns remain

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 NOV 2011  |  NEWS
The Australian Senate has passed the Clean Energy Future legislative package, starting the countdown to the 1 July 2012 launch of a carbon pricing regime. But while businesses have short term certainty with the package's passage, they will still have ...

Investors weigh environmental, social risks of coal seam gas

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2011  |  NEWS
The mining of coal seam gas has never been more prominent in Australia, and institutional investors are weighing the environmental, social and political risks of being invested in companies with exposures to coal seam gas operations. While there are ...