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NAB Asset Servicing launches ESG reporting service

RACHEL ALEMBAKIS  |  FRIDAY, 19 AUG 2016  |  NEWS
NAB Asset Servicing has launched an Environmental, Social and Governance (ESG) reporting service. NAB Asset Servicing is the bank's custody and fund administration business. The reporting service will allow clients such as superannuation funds to drill ...

Banks, fund managers developing ethical cash products

RACHEL ALEMBAKIS  |  FRIDAY, 12 AUG 2016  |  NEWS
Investment managers and banks are focusing their attention on cash as an asset class that can be developed into responsible investment and ethical cash products, driven by retail demand and core business strategy. Sasha Courville, head of social innovation ...

Australian cities disclose emissions data to CDP cities program

RACHEL ALEMBAKIS  |  FRIDAY, 5 AUG 2016  |  NEWS
More than 500 cities representing 621 million citizens are reporting on their climate change-related activities, according to the CDP. CDP has issued its annual cities report, and noted that 533 cities have reported data to the CDP, an increase of 70% ...

New Zealand responsible investment tops NZ$78bn: RIAA

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 JUL 2016  |  NEWS
More than NZ$78 billion of New Zealand's funds under management is being invested responsibly, according to Responsible Investment Association Australasia (RIAA). (graphic courtesy of RIAA) RIAA published the 2016 New Zealand Responsible Investment ...

Treasury Corporation of Victoria issues green bond

RACHEL ALEMBAKIS  |  FRIDAY, 22 JUL 2016  |  NEWS
Treasury Corporation of Victoria (TCV) has issued an AU$300 million green bond, the first certified Australian dollar green bond by an Australian government authority. The 1.75% 27 July 20121 TCV Green Bond proceeds will fund a portfolio of state investments ...

Victorian government chooses programs for social impact bonds

RACHEL ALEMBAKIS  |  FRIDAY, 22 JUL 2016  |  NEWS
The Victorian state government will fund programs dealing with drug and alcohol treatment and young people transitioning from Out of Home Care as the focus of its first two social impact bonds (SIBs). Victorian Treasurer Tim Pallas The Victorian government ...

Companies, CEOs, chairs seen as unethical: Governance Institute

RACHEL ALEMBAKIS  |  FRIDAY, 22 JUL 2016  |  NEWS
Australians perceive large corporations, the banking, finance and insurance sector, and politicians at every level of government as unethical, according to a new Ethics Index released by the Governance Institute of Australia. Steven Burrell, chief executive ...

NAB finances third NSW social impact investment

RACHEL ALEMBAKIS  |  FRIDAY, 15 JUL 2016  |  NEWS
National Australia Bank will finance a New South Wales social impact investment to fund a program to reduce recidivism by parolees in that state. Daniel Madhavan, CEO, Impact Investing Australia The NSW state government issued the program, called On ...

Responsible investment AUM tops AU$630 billion: RIAA

RACHEL ALEMBAKIS  |  WEDNESDAY, 13 JUL 2016  |  NEWS
Nearly AU$633 billion of Australia's assets under management are being invested responsibly, according to the latest benchmark report from the Responsible Investment Association Australasia (RIAA). RIAA has published the Responsible Investment Benchmark ...

Climate-aligned bonds total US$694bn: Climate Bonds Initiative

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2016  |  NEWS
The climate-aligned bond universe is US$694 billion, according to the Climate Bonds Initiative Bonds and Climate Change: The State of the Market in 2016 (SotM). The climate-aligned bond universe has grown 16% or US$96 billion from 2015, with unlabelled ...