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Pacific Hydro to trade carbon credits from Chilean hydro project

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 MAY 2011  |  NEWS
Pacific Hydro, a renewable energy company owned by Industry Funds Management's Australian Infrastructure Fund, has received permission to create and trade carbon credits derived from a river hydro asset in Chile. The Clean Development Mechanism (CDM) ...

Woodside shareholders reject carbon disclosure resolution

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2011  |  NEWS
Woodside Petroleum Ltd shareholders - including signatories to the UNPRI - have rejected a resolution that would have amended the corporate constitution to require disclosure of the company's assumptions of future carbon prices, oil prices, demand for ...

PwC, Institute of Chartered Accountants recognise NFP transparency

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2011  |  NEWS
Mission Australia and Camp Quality have been recognised with the fourth annual Australian PwC Transparency Awards, which recognise improvement in reporting in the not-for-profit (NFP) sector. The awards are adjudicated in collaboration with the Institute ...

Rio Tinto annual report: fewer injuries, increase in GHG emission

RACHEL ALEMBAKIS  |  THURSDAY, 21 APR 2011  |  NEWS
Rio Tinto reported falling injury frequency rates, a year-on-year uptick in greenhouse gas (GHG) emissions intensity and a 40 per cent increase in community contributions against a backdrop of record US$14bn in underlying earnings and falling debt in ...

ANZ reviewing "sensitive sector" policies

RACHEL ALEMBAKIS  |  THURSDAY, 21 APR 2011  |  NEWS
ANZ Bank is reviewing its sensitive sector policies to ensure that their corporate responsibility framework is consistent with their customer engagement in socially and environmentally sensitive sectors including water, forestry, energy and mining and ...

Integrated reporting - should ASX follow in South Africa's footsteps?

RACHEL ALEMBAKIS  |  FRIDAY, 15 APR 2011  |  NEWS
Companies listed on Johannesburg Stock Exchange (JSE) are now responsible for producing an integrated financial report that recognizes their impact on the environment and society and related reputational issues, or explaining why they are not reporting ...

Westpac targets 40 percent women in senior management by 2014

RACHEL ALEMBAKIS  |  FRIDAY, 15 APR 2011  |  NEWS
The Westpac Group has committed to increasing the number of women in senior leadership roles to 40 percent by 2014. Westpac announced this move in a report, On Target, to demonstrate their performance against the UN Women's Empowerment principles, released ...

Nominations open for GRI's Stakeholder Council

RACHEL ALEMBAKIS  |  FRIDAY, 15 APR 2011  |  NEWS
The Global Reporting Initiative is calling for nominations for member to the 2012-2014 Stakeholder Council, its policy forum. There are 50 members to the Stakeholder Council, drawn from business, mediating institutions, and civil society organisations ...

Australian companies fail on labour reporting

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2011  |  NEWS
An analysis of 10 large Australian companies has found that they are failing to accurately report their labour practices management and performance. Nick Edgerton, Colonial First State Global Asset Management Banarra, a Sydney-based consultancy that ...

GRI releases new standards for sustainability reporting

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2011  |  NEWS
Global Reporting Initiative (GRI ) has updated its sustainability guidance to enhance reporting of operations impacting on human rights, gender and community. The new version, 3.1, is touted as improvements that strengthen expansiveness of reporting ...