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AustralianSuper equities less carbon-intense than benchmarks

RACHEL ALEMBAKIS  |  FRIDAY, 21 FEB 2014  |  NEWS
... international equities holdings are less carbon intensive than relative benchmarks, according to a carbon assessment of its total equities portfolios. AustralianSuper commissioned Trucost to undertake the carbon intensity assessment of the total equities ...

South Australia introduces building upgrade finance bill

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 FEB 2014  |  NEWS
... estimate by Arup that is derived from energy consumption in office buildings in the Adelaide CBD and fringe based on the total floor area and an assumed average greenhouse performance per square metre equating to a NABERS Energy Rating (base building) ...

Westpac number one on global sustainability list

RACHEL ALEMBAKIS  |  FRIDAY, 24 JAN 2014  |  NEWS
... time sharing skills with Indigenous organisations through Jawun Indigenous Corporate Partnerships secondments, bringing total time to around 76 work years since helping found the program in 2001, the bank said in a statement. The bank has also committed ...

CDP: investment in carbon reduction yields positive return

RACHEL ALEMBAKIS  |  FRIDAY, 17 JAN 2014  |  NEWS
... company on average based on scope 1 and scope 2 emissions; high emissions intensity: 560 metric tonnes CO2e per million USD in total assets on the balance sheet - more than 10 times the global median of 53 tonnes per million USD; and 89% of total emissions ...

Global banks launch voluntary Green Bond Principles

RACHEL ALEMBAKIS  |  FRIDAY, 17 JAN 2014  |  NEWS
... Bond Principles initiated by BAML and Citi then joined by Credit Agricole and JP Morgan, and now supported by 13 banks in total. The Principles evolved with advice from issuers, investors and other engaged thought leaders and NGOs. Our overarching goal ...

IIGCC joins International Climate Bond Standards Board

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 JAN 2014  |  NEWS
... joined the I nternational Climate Bond Standards Board. IGCC represents more than 85 European institutional investors, with total funds under management of approximately EUR7.5 trillion. Eric Borremans, IIGCC Vice Chairman and sustainability expert at ...

Climate Bonds Standard tackles low-carbon transport

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JAN 2014  |  NEWS
... (IEA) data saying that the transport sector is responsible for 23% of all energy-related CO2 emissions globally and 13% of total GHG emissions. "More miles driven will come at a huge cost to the climate unless we start decarbonising transport today ...

Kmart, Pacific Brands increase Bangladesh disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2013  |  NEWS
... Building Safety in Bangladesh, a global commitment by retailers. In a statement, Pacific Brands said that less than 1% of their total sourcing comes from Bangladesh and that they are signatories to the Ethical Trading Initiative. "To this extent, we ...

LGS, VicSuper leaders in AODP climate investment index

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2013  |  NEWS
... highest ranking insurance companies, the UK's Aviva and Norway's Storebrand ASA, both received an AA rating from AODP. A total of 27 asset owners scored an A rating or above compared to 22 last year. AODP introduced a new ratings category to the index ...

Expanded EUAs could generate $4.5bn investment in Victoria

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 DEC 2013  |  NEWS
... understand the commercial solutions. It's a matter of moving what's currently in one act into another, and gives a massive total investible market increase where we're seeing a lot of projects in commercial B and C grade buildings as well." The potential ...