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Responsible investment a fundamental practice in NZ: RIAA

RACHEL ALEMBAKIS  |  FRIDAY, 19 JUL 2019  |  NEWS
... shooter's broadcast of the tragedy via Facebook. "The industry is stepping in to its role as not just stewards, but taking on board its role in acting in the broader interest of the economy," O'Connor said. Assets managed in accordance with responsible ...

AIIB, Aberdeen Standard Investments form strategic partnership

RACHEL ALEMBAKIS  |  FRIDAY, 19 JUL 2019  |  NEWS
... AIIB vice president and chief investment officer. The Asia ESG Enhanced Credit Managed Portfolio was approved by the AIIB Board of Directors in December 2018, and ASI was awarded the contract to manage the portfolio through a competitive bidding process. ...

Christian Super acquires stake in responsAbility Investments

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2019  |  NEWS
... shareholders, further broadening and internationalizing the company's shareholder base," said Reto Schnarwiler, chairman of the board of responsAbility. "This is an important mark of recognition for responsAbility, as we have attracted the interest of ...

Australian Ethical Investment Managing Director Phil Vernon to step down

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUN 2019  |  NEWS
... among Australia's fastest growing superannuation fund, said Steve Gibbs, chair of Australian Ethical. "On behalf of the board, I wish to extend my sincere thanks and gratitude to Phil for his significant contribution to Australian Ethical," Gibbs said. ...

UCA Funds Management rebrands as U Ethical, seeks growth, clients

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUN 2019  |  NEWS
... an entity of the Uniting Church, we had to go through a lengthy approvals process, consistent with the aspiration of the board and the broader constitutional objectives that we have from the church." U Ethical currently has more than $1 billion in assets ...

ASX200 hits target of 30% women on boards: ACSI

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUN 2019  |  NEWS
... women appointed to listed company boards," said Louise Davidson, ACSI CEO. "Investors have long recognised the value of board gender diversity. ACSI and our members adopted a 30 per cent target in 2015. To have corporate Australia achieve and, in many ...

Vanessa Zimmerman launches Pillar Two human rights consultancy

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUN 2019  |  NEWS
... Vanessa Zimmerman, founder, Pillar Two Zimmerman previously worked as group advisor human rights at Rio Tinto, and is a board member and chair, human rights of the Global Compact Network Australia. "Pillar 2 of the United Nations Guiding Principles on ...

Future Super divests from companies with no women on boards

RACHEL ALEMBAKIS  |  FRIDAY, 24 MAY 2019  |  NEWS
... engaging on gender diversity on boards, Future Super is also engaging with companies about the gender pay gap, Hunter said. "Board representation is one thing, but there's also the issue around gender pay gaps," she said. "Given that super funds own ...

Australian Sustainable Finance Initiative sets ambitious investment agenda

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
... Sustainable Finance, the Australian initiative does not have explicit government backing. However, Geoff Summerhayes, executive board member of APRA, Executive Committee member of the International Association of Insurance Supervisors and chair of the ...

AASB, AuASB statement raises stakes on disclosure of climate-related risk

RACHEL ALEMBAKIS  |  FRIDAY, 29 MAR 2019  |  NEWS
A joint guidance statement by the Australian Accounting Standards Board (AASB) and Auditing & Assurance Standards Board (AuASB) on the integration of climate change-related risks into financial statement materiality considerations has intensified the ...