Corporate Strategy

ASA opposes Santos CEO $2m share grant

RACHEL ALEMBAKIS  |  FRIDAY, 13 APR 2012  |  NEWS
The Australian Shareholders' Association (ASA) has struck out at a proposal from Santos to grant AU$2m grant of performance shares to CEO David Knox, in addition to his normal base salary plus short and long term incentives.

CSA warns on timing of undirected proxy vote legislation

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 APR 2012  |  NEWS
Chartered Secretaries of Australia (CSA) is not confident that the government will be able to pass legislation that will clarify the right of a company chair to vote undirected proxies on a remuneration report resolution.

GRESB joins forces with GRI to push sustainability reporting

RACHEL ALEMBAKIS  |  THURSDAY, 5 APR 2012  |  NEWS
The Global Real Estate Sustainability Benchmark (GRESB) will partner with the Global Reporting Initiative (GRI), a move designed to advance the standardisation of reporting on environmental, social and economic performance in the global real estate sector.

Santos identifies 24 material sustainability indicators

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 APR 2012  |  NEWS
Santos has reported on 24 material sustainability indicators, against a 51% increase in net profit after tax to AU$753m, a 14% increase in sales revenue to AU$2.53bn and a 5% decrease in production volume.

Investors require more corporate ESG disclosure

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Companies listed on the Australian Stock Exchange should be disclosing their material environmental, social and governance (ESG) risks, including the future anticipated costs of carbon emissions, a panel of investment and accounting principles said.

Companies should present negative sustainability performance

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAR 2012  |  NEWS
Australian companies should present more honestly their negative impacts on the economy, environment and society, as well as the positive ones, with stakeholders who read sustainability reports telling the Australian Centre for Corporate Social Responsibility ...

Integrated reporting to provide analysis, innovation

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAR 2012  |  NEWS
Integrated reporting could act as a "steadying arm" to the invisible hand of the free market, said Jane Diplock, director, Singapore Exchange.

Voluntary sustainability disclosures carry legal weight

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Companies making voluntary disclosures of environmental, social and governance (ESG) issues must ensure that any statements can be backed up by data and they must be aware that disclosures to reporting frameworks such as the Carbon Disclosure Project ...

Corporate sustainability a vehicle for value creation

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAR 2012  |  NEWS
Corporate sustainability should be about strategic value creation, rather than just a statement of values, and the integrated reporting framework could assist companies in seeing environmental, social and governance (ESG) as central to strategy, according ...

UNPRI writes letter to UNGC leaders and laggards

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAR 2012  |  NEWS
A coalition of investors from 12 countries, including Statewide Super and New Zealand Superannuation Fund, have contacted 118 UN Global Compact (UNGC) companies on the issue of increased reporting on environmental, social and governance activities.