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AGL wins award for sustainability report

RACHEL ALEMBAKIS  |  FRIDAY, 1 APR 2011  |  NEWS
AGL Energy has won an award for its sustainability report at the Energy Supply Association of Australia's (ESAA) Sustainability Reporting and Innovation Awards. AGL's 2010 Sustainability Report was recognized for its "strong systematic approach to identifying ...

PRI hires Rob Lake as director of strategic development

RACHEL ALEMBAKIS  |  FRIDAY, 1 APR 2011  |  NEWS
Principles for Responsible Investment (PRI) has hired Rob Lake as director of strategic development, effective 16 May. Rob Lake Lake will be responsible for PRI's country networks, signatory outreach and recruitment, the academic network and the public ...

Sustainability reporting: the drive towards integration

RACHEL ALEMBAKIS  |  THURSDAY, 24 MAR 2011  |  NEWS
Chi Woo, KPMG There is growing acceptance that Australian companies should report ESG factors to their shareholders, and a call by stakeholders for greater depth and clarity in the information reported. Sustainability reporting has been hampered by ...

ANZ targets 40 percent women managers by September

RACHEL ALEMBAKIS  |  THURSDAY, 24 MAR 2011  |  NEWS
ANZ Bank has committed to increasing the number of women in management positions to 40 percent by the end of September as part of increasing their gender diversity throughout the business. Currently, 38.4 percent of managers are women, the bank said. ...

Government introduces carbon emission pricing plan

RACHEL ALEMBAKIS  |  FRIDAY, 25 FEB 2011  |  NEWS
Prime Minister Julia Gillard The government has introduced legislation that will start pricing carbon emissions from July 2012. The two-stage plan, negotiated with the Green Party, will begin with a fixed price for three to five years and then transition ...

"Two Strikes" policy for directors over executive remuneration

RACHEL ALEMBAKIS  |  FRIDAY, 25 FEB 2011  |  NEWS
Australian shareholders will have the right to a "two strikes and you're out" test to remove directors if a company's remuneration report has received a 'no' vote of 25 per cent or more at two consecutive annual general meetings under legislation introduced ...

Climate change a portfolio risk: Mercer

RACHEL ALEMBAKIS  |  THURSDAY, 17 FEB 2011  |  NEWS
The impacts of climate change and lack of international policy coordination could cost institutional investors trillions of dollars over coming decades, with Australia potentially being one of the worst hit countries if international response to carbon ...