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Benchmarking superannuation funds' sustainability performance

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2011  |  NEWS
Much work is being performed around the world and in Australia by investors, collaborate bodies and financial services firms to seek frameworks with commonly accepted metrics to benchmark companies' sustainability performances with the ultimate goal ...

ASIC urges additional executive remuneration disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2011  |  NEWS
The Australian Securities and Investments Commission (ASIC) has highlighted four areas where ASX listed companies can provide more clarity on remuneration arrangements for their directors and executives. ASIC reviewed 60 remuneration reports of ASX300 ...

Ten corporate sponsors for GRI's G4 development

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2011  |  NEWS
The Global Reporting Initiative has announced ten companies that will sponsor and support the two-year process to develop the next version of sustainability reporting guidelines. Alcoa, Enel, GE, Goldman Sachs, Natura, Shell will support GRI as it develops ...

Mercer: providing education and intervention on ESG

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 JUN 2011  |  NEWS
Bringing ESG risk/reward considerations to institutional investors such as superannuation funds is a matter of "intervention" and education for investment consultant Mercer, which has a specialist ESG team that produces research and develops strategies ...

IGCC: carbon price delay could cost electricity sector $2.5bn

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUN 2011  |  NEWS
A four-year delay to the start of a carbon pricing regime in Australia would cause an additional AU$2.5bn of additional costs to the electricity sector for both investors and energy users, according to a study commissioned by the Investor Group on Climate ...

The impact of universal owners on sustainable investing

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUN 2011  |  NEWS
Large asset owners that own a slice of country's economy and market through their portfolios are exposed to environmental, social and governance (ESG) factors that might impact long-term value, but they have the ability to use that economic and financial ...

MSCI launches ESG platform

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUN 2011  |  NEWS
MSCI has launched MSCI ESG Manager, a platform to assist asset managers and owners with managing research, analysis and compliance tasks across a range of ESG factors. MSCI is also introducing MSCI ESG Impact Monitor, a product that allows investors ...

Deloitte, GRI to develop new program

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUN 2011  |  NEWS
A new program between the Global Reporting Initiative (GRI) and Deloitte will see the GRI's G3 and G3.1 guidelines given a new Extensible Business Reporting Language (XBRL) taxonomy, meaning sustainability data can be communicated more easily to investors ...

ICMM releases climate change policy paper

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 JUN 2011  |  NEWS
The International Council on Mining and Metals (ICMM) has released a paper calling for clear policies for a "predictable, measured transition to a long term price on greenhouse gas emissions" while recognising the mining industry's role in developing ...

Catholic Super hires investment manager for sustainability

RACHEL ALEMBAKIS  |  FRIDAY, 17 JUN 2011  |  NEWS
Catholic Super has hired Danyelle Guyatt, currently global head of research for Mercer's responsible investment practice, as the AU$4.16bn fund's investment manager. As part of her role, Guyatt will be responsible for designing and implementing a responsible ...