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Climate change, human rights risks intertwined: GCNA

RACHEL ALEMBAKIS  |  FRIDAY, 31 JAN 2020  |  NEWS
... Authority, the Reserve Bank of Australia, the ASX Corporate Governance Outlines and the Australian Accounting Standards Board (AASB) and Auditing & Assurance Standards Board (AuASB) have all issued guidances and statements in recent years emphasising ...

SSGA to vote against ASX100, global ESG laggards

RACHEL ALEMBAKIS  |  THURSDAY, 30 JAN 2020  |  NEWS
State Street Global Advisors will begin voting against board members of companies that are laggards on ESG performance. Benjamin Colton, head of asset stewardship, Asia Pacific, SSGA CEO Cyrus Taraporevala announced in his annual letter to corporate ...

Analysis: climate change, Australia and the fierce urgency of now

RACHEL ALEMBAKIS  |  FRIDAY, 24 JAN 2020  |  NEWS
As bushfires continue to burn across the southeast of Australia, the push is on to implement effective responses to minimise risk and optimise opportunities stemming from climate change across the economy. Business, finance and civil society are seeking ...

HESTA names Andrew Major chief risk and compliance officer

RACHEL ALEMBAKIS  |  FRIDAY, 17 JAN 2020  |  NEWS
... represents HESTA on several Fund Advisory Boards. He has also recently served as a director of the Climate Bonds Standards Board and as co-chair of the UN PRI Infrastructure Advisory Committee.

Local Government Super appoints Claudia Bels as board director

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 JAN 2020  |  NEWS
Local Government Super (LGS) has appointed Claudia Bels to the LGS board. Bels is the third independent non-executive director to join as part of recent changes to broaden the diversity, and strengthen specific skills on the LGS board, the fund said. ...

David Atkin, responsible investment leader, to step down as Cbus CEO

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 JAN 2020  |  NEWS
... of the responsible investment community," Bracks noted. Atkin served as Australian asset owner representative on the PRI Board (Principles of Responsible Investment) from 2009-2015. He is also currently an alternate Director on the Australian Council ...

BlackRock joins Climate Action 100+ investor initiative

RACHEL ALEMBAKIS  |  FRIDAY, 10 JAN 2020  |  NEWS
... with the overarching goals of the Paris Agreement; Implement a strong governance framework which clearly articulates the board's accountability and oversight of climate change risks and opportunities; and Provide enhanced corporate disclosure in line ...

ASX200 hits 30% target for women on boards: AICD

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
Women now comprise 30% of ASX200 board positions for the first time, according to the Australian Institute of Company Directors (AICD). In April 2015, AICD set a voluntary target for 30% of board seats to be filled by women by the end of 2018. At the ...

Integrating ESG essential to infrastructure portfolio: First Sentier Investors

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... Mills said. "In the listed world, you have to take a percentage of ownership,. In our world, we don't invest unless we get a board seat. In the European business, we prefer to own over 50% or even 100% of the asset. We have 14 assets in Europe, and 8 ...

Superannuation funds that invest responsibly outperform: RIAA

RACHEL ALEMBAKIS  |  FRIDAY, 6 DEC 2019  |  NEWS
... regulatory push in these areas." The report also finds that the number of funds systematically considering climate change at board meetings has nearly doubled from 2018 to 10, representing 18% of the research universe. Eight funds referenced TCFD in ...