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UCA Funds Management adds Transfield Services to exclusions

RACHEL ALEMBAKIS  |  FRIDAY, 1 AUG 2014  |  NEWS
UCA Funds Management is adding Transfield Services to its exclusion list because of human rights concerns stemming from Transfields' contract to provide services at the Australian Department of Immigration and Border Protection offshore processing centres ...

CEFC, CFSGAM to establish clean energy infrastructure fund

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 JUL 2014  |  NEWS
The Clean Energy Finance Corporation (CEFC) and the direct infrastructure division Colonial First State Global Asset Management (CFSGAM) will establish the country's first unlisted clean energy direct infrastructure fund. Meg McDonald, chief operating ...

ACCSR: Australian CSR integration is too little, too slow

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 JUN 2014  |  NEWS
Progress in integrating corporate social responsibility (CSR) in Australia has been too little and too slow, according to the Australian Centre for Corporate Social Responsibility (ACCSR). Leeora Black, managing director, Australian Centre for Corporate ...

UCA Funds Management names fossil fuel exclusion stocks

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 MAY 2014  |  NEWS
UCA Funds Management has identified the listed companies that it will exclude from future equities investments, based on its recently announced fossil fuel policy. Michael Walsh, UCA Funds Management CEO Earlier this year, UCA Fund Management announced ...

ASX includes ESG language in corporate governance guidance

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
The Australian Securities Exchange (ASX) has recommended that listed companies disclose how economic, environmental and social sustainability risks are being identified and managed. This week the ASX Group's Corporate Governance Council published a ...

350.org Australia issues ASX200 fossil fuel divestment study

RACHEL ALEMBAKIS  |  FRIDAY, 7 MAR 2014  |  NEWS
Institutional investment portfolios containing coal, oil and gas companies "risk lower returns in the long run while portfolios avoiding these companies can provide competitive returns," according to a report published by The Australia Institute in ...

CDP: ASX200 companies set short term goals for C02 reduction

RACHEL ALEMBAKIS  |  FRIDAY, 6 DEC 2013  |  NEWS
Only four ASX200 companies have set long-term carbon reduction targets, while most ASX200 companies focus on setting short-term targets for carbon emission reduction, according to the CDP Australia and New Zealand Climate Change Report 2013. "There's ...

Australian mining companies report on human rights policies

RACHEL ALEMBAKIS  |  FRIDAY, 15 NOV 2013  |  NEWS
Respecting human rights is both a responsibility and a minimum requirement for companies, but there is also a strong business case for managing human rights as a way of reducing risk. A new report by the Minerals Council of Australia (MCA) and the Global ...

ICMM members commit to adopt GRI G4 guidelines

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 NOV 2013  |  NEWS
The 21 companies of the International Council on Mining and Metals (ICMM) have agreed to prepare their sustainability report to the Global Reporting Initiative's (GRI) G4 guidelines. The requirement to report to the core option of the G4 guidelines ...

ACSI: ASX100 boards more diverse in gender, background

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2013  |  NEWS
Around two-thirds of all new director appointments to ASX100 companies in 2012 went to individuals who are not currently Top 100 directors, according to research from the Australian Council of Superannuation Investors (ACSI). Ann Byrne, ACSI CEO The ...