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Environmental Upgrade Agreement for Melbourne property

RACHEL ALEMBAKIS  |  FRIDAY, 21 OCT 2011  |  NEWS
The City of Melbourne has signed its first-ever Environmental Upgrade Agreement (EUA) to fund a AU$400,000 retrofit of a building that will result in a reduction of approximately 170 tonnes of carbon emissions per year. The EUA was signed between the ...

Investor groups call for climate change policy action

RACHEL ALEMBAKIS  |  FRIDAY, 21 OCT 2011  |  NEWS
Three leading investor groups on climate change, including the Investor Group on Climate Change Australia/New Zealand (IGCC), have called for policy action to stimulate private sector investment into climate change solutions that can create jobs and ...

Community finance draws eye of institutional investors

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 OCT 2011  |  NEWS
Foresters Community Finance, a Brisbane-based community development finance institution, believes that recent allocations by the federal government and superannuation fund Christian Super demonstrate that they can provide risk adjusted return that is ...

Number of women on boards climbs slowly, ACSI finds

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 OCT 2011  |  NEWS
The number of women directors in the ASX100 continued to climb slowly in 2010, accounting for 26% of new non-executive directors and 12.2% of all directors, up from 11.1% in 2009, according to research by the Australian Council of Superannuation Investors ...

Miscommunication hampers institutional vote engagement

RACHEL ALEMBAKIS  |  FRIDAY, 14 OCT 2011  |  NEWS
Although directors, institutional share owners and proxy advisers are eager to engage, particularly in the context of the share voting process, there is a failure to communicate at key junctures with all parties, particularly during the annual general ...

Jillian Broadbent to chair Clean Energy Finance Corp panel

RACHEL ALEMBAKIS  |  FRIDAY, 14 OCT 2011  |  NEWS
The Gillard government has created an expert review panel to advise on the design of the AU$10bn Clean Energy Finance Corporation (CEFC), which is expected to commence operations from 2013-2014. Jillian Broadbent, a board member of the Reserve Bank ...

New standards for measuring GHG emissions in value chain

RACHEL ALEMBAKIS  |  FRIDAY, 14 OCT 2011  |  NEWS
The Greenhouse Gas Protocol has developed two new standards that will measure greenhouse gas emissions across companies' value chains and across product life cycles. The Corporate Value Chain (Scope 3) harmonizes global methodology to measure corporate ...

Business, investors get certainty as carbon package passes

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 OCT 2011  |  NEWS
The passage of the government's Clean Energy Future Legislation by the lower house of Parliament on Wednesday means businesses and investors have certainty around the carbon pricing regime and can plan accordingly for launch on 1 July 2012. Grant Anderson ...

Analysing the link between women directors and corporate returns

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 OCT 2011  |  NEWS
A recent report noted that ASX500 companies with women directors had a higher average return on equity over the past three and five year time horizons, but there is no clear answer as to why this incidence seems to exist. The report by the Reibey Institute ...

Microfinance a source of financial and social return

RACHEL ALEMBAKIS  |  FRIDAY, 7 OCT 2011  |  NEWS
Microfinance - the provision of provision of financial services such as loans to entrepreneurs in emerging market countries - has existed for at least 30 years. But in the past decade, microfinance has moved from being solely the remit of non-profits ...