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Task Force on Climate-related Financial Disclosures release draft guidance

RACHEL ALEMBAKIS  |  FRIDAY, 16 DEC 2016  |  NEWS
The Task Force on Climate-related Financial Disclosures (TCFD) has released draft recommendations for comparable disclosures of climate change related risk. Emma Herd, CEO, IGCC The recommendations are structured around four themes -g overnance, strategy ...

Monash University issues world-first certified green bond

RACHEL ALEMBAKIS  |  FRIDAY, 9 DEC 2016  |  NEWS
Monash University has issued an AU$218 million green bond, becoming the first university in the world to do so. Professor Margaret Gardner, president and vice chancellor, Monash University Proceeds from the bond will be allocated to a portfolio of development ...

Trailblazers, Good Shepherd Microfinance launch Financial Inclusion Action Plans

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2016  |  NEWS
Twelve organisations from across Australia, including the big four banks and superannuation fund HESTA, have launched their Financial Inclusion Action Plans (FIAPs), outlining steps to improve financial resilience for those experiencing financial exclusion. ...

Engagement a tool for investment stewardship: RIAA conference

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2016  |  NEWS
Active owners can use engagement with invested companies as a tool to overcome market inefficiencies, particularly as relates to environmental, social and governance (ESG) related issues, according to a panel of experts speaking at the Responsible Investment ...

Investors discuss investing in two degree world at RIAA conference

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2016  |  NEWS
Institutional investors are taking active approaches to managing climate risks and shape their portfolios to fit the commitments of the Paris Agreement, including targets and commitments put in place to help mitigate risk and seek risk-adjusted return ...

Evergen to pilot program installing system with SGCH

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2016  |  NEWS
Renewable energy tech company Evergen has launched a pilot program that will see the installation of its intelligent home energy system in 10 low income households owned by community housing organization SGCH in New South Wales. Dr Glenn Platt, Evergen ...

Cash Converters to pay more than $12 million after ASIC investigation

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2016  |  NEWS
Payday lender Cash Converters will refund AU$10.8 million to consumers and has paid an AU$1.35 million penalty after an investigation by the Australian Securities and Investments Commission (ASIC). Michael Walsh, UCA Funds Management ASIC agreed to ...

Principles for Responsible Investment hire chief operating officer

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2016  |  NEWS
The Principles for Responsible Investment (PRI) has hired Peter de Graaf as chief operating officer (COO). Fiona Reynolds, managing director, Principles for Responsible Investment de Graaf comes to PRI From the London-based management consultancy Carnstone ...

Impact Investing Australia surveys $1.2bn impact investment universe

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2016  |  NEWS
There has been a steady increase in the number of impact investments over recent years in Australia, with the bulk of transactions consisting of debt finance to social enterprises, while domestically issued green bonds also showed increases in dollar ...

Banks consider the implications of Sustainable Development Goals

PIA LEFEVRE  |  FRIDAY, 4 NOV 2016  |  NEWS
In the year since the launch of the United Nations Sustainable Development Goals (SDGs), Australia's Big Four banks have been mapping their performance against these goals and which goals are relevant to their business strategies. The SDGs came into ...