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Ceres, Tellus Institute to design sustainability ratings standard

RACHEL ALEMBAKIS  |  FRIDAY, 17 JUN 2011  |  NEWS
Ceres and Tellus Institute have launched an initiative to create a new, single ratings standard for sustainability performance of companies. The Global Initiative for Sustainability Ratings (GISR) will be modelled on the Global Reporting Initiative ...

International Integrated Reporting Committee seeks pilot test participants

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 JUN 2011  |  NEWS
The International Integrated Reporting Committee (IIRC) is looking for companies to participate in their pilot program to test IIRC's integrated reporting framework. The IIRC is developing a set of integrated reporting (IR) standards that will link ...

Integrating ESG to enhance quantitative-style investment analysis

RACHEL ALEMBAKIS  |  FRIDAY, 10 JUN 2011  |  NEWS
As investors continue to realise that the way companies manage their environmental, social and governance inputs reflect potential risk as well as potential opportunity, ESG factors are being incorporated into traditional quantitative and qualitative ...

PC: carbon price a more efficient means of reducing emissions

RACHEL ALEMBAKIS  |  FRIDAY, 10 JUN 2011  |  NEWS
An analysis of nine of Australia's major trading partners by the Productivity Commission concludes that establishing a carbon pricing mechanism is a more efficient means of reducing consumption than other schemes that raise the explicit and implicit ...

Swan: carbon price vital for first-rate, first-world economy

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2011  |  NEWS
Putting a price on carbon emissions is the only way to drive investment in cleaner energy innovation, and failing to do so would condemn Australia to becoming "an old-world, high-polluting technological backwater," Treasurer Wayne Swan said in a speech ...

GRI releases airport operator sector guidance

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2011  |  NEWS
The Global Reporting Initiative (GRI) has released a new sustainability reporting guidance for airport operators, offering a framework for reporting risks like wildlife strikes, noise and human trafficking. "Airports face many different sustainability ...

Investor Profile: Australian Ethical Investment

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
James Thier is a a founding director of Australian Ethical Investment, a fund manager with AU$650m in assets under management that has specialised in ethical and sustainable investment since its 1986 inception. In addition to specialist funds, Australian ...

New water accounting standard to measure quantity, rights and obligations

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
The Water Accounting Standards Board (WASB) is in the process of developing the Australian Water Accounting Standard (AWAS), which will quantify information about water, rights and other claims to water, and obligations against water. The preliminary ...

Majority of ASX100 report on ESG issues

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
A majority of ASX100 companies now report on ESG issues, with an increased focus on material issues and increased acceptance of sustainability risks such as human capital management, according to an analyst at Macquarie Bank. Analyst Aimee Kaye singled ...

Virgin Australia certified carbon neutral

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
Virgin Australia has been given carbon neutral certification by Low Carbon Australia. The publicly listed airline formerly known as Virgin Blue received government approval through the National Carbon Offset Standard (NCOS). The carbon neutral initiative ...