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City of Melbourne EUAs extended to include property trusts

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 JUL 2012  |  NEWS
Property trusts will be able to access environmental upgrade finances in the City of Melbourne, opening up 42% of the city's lettable commercial property space environmental upgrade agreements (EUAs) for energy and waste efficiency upgrades. Scott Bocskay ...

IIGCC urges greater energy efficiency for EU property sector

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 JUL 2012  |  NEWS
Regulations governing energy efficiency in the property sector across the European Union need to be addressed to overcome split incentives, to aid in refurbishing existing built stock and to exploit opportunities for sustainability improvements throughout ...

Shareholders to face activist lobbying on Woolworths vote

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUL 2012  |  NEWS
Shareholders in retailer Woolworths Limited will be asked at a November extraordinary general meeting (EGM) to vote on a motion demanding the company limit the poker machines they own to AU$1 bets. GetUp, the activist group behind the campaign to curb ...

Transparency International publishes anti-corruption report

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUL 2012  |  NEWS
The largest publicly traded multinational companies have increased their reporting on anti-corruption programmes, but more needs to be done to improve transparency, according to a report by Transparency International (TI). TI ranked 105 of the world's ...

IIRC releases outline to integrated reporting framework

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUL 2012  |  NEWS
The International Integrated Reporting Council (IIRC) has published a draft outline of the integrated reporting framework, summarising the framework's purpose, principles and how organisations can use it. The outline is intended to inform stakeholders ...

Farming, forestry activities proposed for CFI positive list

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 JUL 2012  |  NEWS
The Department of Climate Change and Energy Efficiency is considering a series of new activities to include on its "positive list", meaning that activities including farm forestry, intensive rotational grazing and aspects of small landfill operation ...

Accountancy profession a driver of corporate sustainability

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2012  |  NEWS
The accountancy profession has an important role to play in how companies integrate sustainability into strategy and reporting, and accountants need to consider sustainability issues from a number of perspectives, according to two professors from the ...

Solomon Islands implement EITI payment disclosure standard

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2012  |  NEWS
The Solomon Islands will implement the global Extractive Industries Transparency Initiative Standard (EITI), meaning the government will disclose payments from its extractives sector. The Solomon Islands has established Solomon Islands Extractive Industries ...

Global Reporting Initiative G4 draft out for public comment

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUL 2012  |  NEWS
The Global Reporting Initiative (GRI) has published an exposure draft of the new G4 framework, and has opened it up for public feedback. The G4 framework is focused on five main areas - boundary, application levels, governance and remuneration, supply ...

Using water accounting to measure, manage financial risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 JUL 2012  |  NEWS
The development of an Australian water accounting standard means that companies will be able to provide disclosure about water rights and obligations in a financially meaningful fashion, at a time when Australian companies are coming under scrutiny ...