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Diversity Council Australia measures the bamboo ceiling

RACHEL ALEMBAKIS  |  FRIDAY, 15 AUG 2014  |  NEWS
People of Asian backgrounds are under-represented in leadership positions at Australian companies, with only 1.9% of ASX200 executives having Asian cultural origins, compared to 9.6% of the Australian population, according to research from Diversity ...

Net Balance: sustainability assurance increase in ASX200

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 AUG 2014  |  NEWS
A total of 43 ASX200 companies assured their sustainability data in 2013, according to research from Net Balance that also finds an emerging trend of companies assuring human rights disclosures in addition to environmental data. This is Net Balance's ...

Oncologist leads drive for tobacco stock divestment

RACHEL ALEMBAKIS  |  FRIDAY, 25 JUL 2014  |  NEWS
... oncologist has made it her cause to persuade the superannuation industry to divest from the rest of what she estimates is a total of AU$8.5 billion in tobacco stocks overall. Dr Bronwyn King, radiation oncologist, Peter MacCallum Cancer Centre, founder ...

RIAA: Increased public demand for responsible investments

RACHEL ALEMBAKIS  |  FRIDAY, 25 JUL 2014  |  NEWS
... responsible investment sector. RIAA has found that public demand for "core responsible investments" has increased to 2.3% of total assets under management, an increase from 1.6% TAUM last year. RIAA defines core responsible investment as "ethical, socially ...

CEFC, CFSGAM to establish clean energy infrastructure fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
... system has been removed. The CEFC has contracted investments of more than AU$900 million in projects over AU$3 billion in total value in the 2013/2014 financial year, its first year of existence. After its first full year in operation, the 2013-14 financial ...

Business begins unwinding of carbon tax arrangements

RACHEL ALEMBAKIS  |  FRIDAY, 18 JUL 2014  |  NEWS
... electricity or gas to a large customer under a power purchase agreement and you've calculated the carbon price as part of the total price, then refunding the pass through costs should be easy." de Wit also noted that unwinding indirect carbon price costs ...

Universe of climate-linked bonds expands to US$502.6bn

RACHEL ALEMBAKIS  |  FRIDAY, 18 JUL 2014  |  NEWS
The total universe of climate-themed bonds is US$502.6 billion and the universe of labelled green bonds is US$38.8 billion, according to the Climate Bond Initiative's 2014 market report. Bridget Boulle, programme manager, Climate Bond Initiative According ...

CDP: World cities report climate change business impacts

RACHEL ALEMBAKIS  |  FRIDAY, 11 JUL 2014  |  NEWS
... (Oregon), USA saves USD $5.5 million/annum by implementing an energy saving scheme across its city operations [and has ] total savings of USD$42 million since in 1991, which was developed as an climate mitigation activity, that also had significant pay-back." ...

Barclays, MSCI to launch Green Bond Index

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 JUL 2014  |  NEWS
... Ratings, a provider of ESG ratings and research to institutional investors, through its subsidiary MSCI ESG Research Inc. The total transaction will cost US$15 million in cash, subject to closing adjustments. The transaction is expected to close in the ...

PRI signatory assets top US$45 trillion

RACHEL ALEMBAKIS  |  FRIDAY, 27 JUN 2014  |  NEWS
The Principles for Responsible Investment's (PRI) total signatory assets under management (AUM) grew to more than US$45 trillion to the end of April 2014, with the number of signatories reaching 1,260, PRI said. Fiona Reynolds, UN PRI managing director ...