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Investors require more corporate ESG disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Companies listed on the Australian Stock Exchange should be disclosing their material environmental, social and governance (ESG) risks, including the future anticipated costs of carbon emissions, a panel of investment and accounting principles said. ...

Companies should present negative sustainability performance

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Australian companies should present more honestly their negative impacts on the economy, environment and society, as well as the positive ones, with stakeholders who read sustainability reports telling the Australian Centre for Corporate Social Responsibility ...

LGS wins SuperRatings Infinity Award

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Local Government Super (LGS) has been given the Infinity Award for sustainability leadership for the second year in a row by research firm SuperRatings. The Infinity Award recognises the superannuation fund that is practicing responsible investment ...

FlexiGroup joins Low Carbon Australia on financing program

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Low Carbon Australia has announced a partnership with FlexiGroup as part of its Energy Smart Finance program, offering small businesses access to energy efficient technology through lease financing. The program will allow businesses to access lease ...

Integrated reporting to provide analysis, innovation

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAR 2012  |  NEWS
Integrated reporting could act as a "steadying arm" to the invisible hand of the free market, said Jane Diplock, director, Singapore Exchange. Speaking at the Australian Global Reporting Initiative (GRI) Conference on Sustainability and Integrated Reporting ...

New South Wales announces first social benefit bond

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Westpac Group, Commonwealth Bank of Australia and the Benevolent Society have been selected by the New South Wales (NSW) government to trial an AU$10m social benefit bond - a financing vehicle that will fund a program to assist at-risk families. The ...

Voluntary sustainability disclosures carry legal weight

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Companies making voluntary disclosures of environmental, social and governance (ESG) issues must ensure that any statements can be backed up by data and they must be aware that disclosures to reporting frameworks such as the Carbon Disclosure Project ...

Corporate sustainability a vehicle for value creation

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Corporate sustainability should be about strategic value creation, rather than just a statement of values, and the integrated reporting framework could assist companies in seeing environmental, social and governance (ESG) as central to strategy, according ...

Five Oceans AM to run Skandia Global Equity Fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAR 2012  |  NEWS
Five Oceans Asset Management has been selected by Skandia Investment Group (SIG) to manage the US$350m Skandia Global Equity Fund mandate. SIG selected Five Oceans Asset Management for three broad reasons, including the firm's high conviction portfolio ...

City of Sydney, Low Carbon Australia sign agreement

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAR 2012  |  NEWS
The City of Sydney and Low Carbon Australia have signed an agreement to encourage investment in low-carbon technologies by businesses, owners' corporations of apartment buildings and government. Under the terms of a memorandum of understanding (MOU) ...