Corporate Strategy

Variability in level of ASX100 supply chain disclosures

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2011  |  NEWS
ASX100 companies are disclosing their environmental and social impacts on upstream and downstream supply chains, but there is significant variability in disclosures within and between industry sectors and room for improvement, according to a joint report ...

Australia to pilot Extractive Industries Transparency Initiative

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2011  |  NEWS
The Australian government has agreed to undertake a pilot of the Extractive Industries Transparency Initiative (EITI), with Foreign Minister Kevin Rudd and Resources Minister Martin Ferguson announcing that the government will provide AU$12.7m to support ...

Commonwealth Bank reports lower customer satisfaction

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 NOV 2011  |  NEWS
The Commonwealth Bank of Australia (CBA) reported a customer satisfaction rating of 75.2%, slightly lower than last year and putting the bank in 4th place against the other three main Australia banks, against a backdrop of full year net profits of AU$6.39bn.

Stockland increases green star ratings, reduces water use

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 NOV 2011  |  NEWS
Stockland, the diversified property group, has reported reducing water use across its office portfolio by 11% and its retail portfolio by 10%, commenced installing LED lights at its Stockland Nowra development and reported a 64% decrease in injury frequency ...

Governance, environmental issues for AGM season

RACHEL ALEMBAKIS  |  FRIDAY, 28 OCT 2011  |  NEWS
With the arrival of the annual general meeting (AGM) season, governance experts and sustainability researchers say that some issues at play this year will include executive remuneration and the processes around capital raisings, plus resolutions on environmental ...

75% of ASX100 exposed to corruption in high-risk countries

RACHEL ALEMBAKIS  |  FRIDAY, 28 OCT 2011  |  NEWS
Three quarters of ASX100 companies that operate in a sector or country deemed "high-risk" for corruption, up from 56% in 2006, and Australian companies lag US, UK and European counterparts in prohibiting the giving and receiving of bribes, according ...

Three Australian companies to participate in IIRC program

RACHEL ALEMBAKIS  |  FRIDAY, 28 OCT 2011  |  NEWS
The International Integrated Reporting Committee (IIRC) has selected National Australia Bank, Stockland and Mecu Limited and more than 40 other leading global companies as participants in a pilot program initiative to test integrated reporting (IR) standards.

Dean Paatsch launches new governance advisory firm

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 OCT 2011  |  NEWS
Governance experts Dean Paatsch, Martin Lawrence and Simon Connal have launched a new governance advisory business, Ownership Matters (OM).

AWE reports lower GHG emissions, underlying loss for 2011FY

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 OCT 2011  |  NEWS
AWE Limited, an oil and gas exploration and production company, reported a 3% decline in greenhouse gas emissions (GHG) to approximately 203,000 CO2-e, with production of 6.12m barrel of oil equivalent (BOE), basically the same as the 6.09m BOE production ...

Number of women on boards climbs slowly, ACSI finds

RACHEL ALEMBAKIS  |  WEDNESDAY, 19 OCT 2011  |  NEWS
The number of women directors in the ASX100 continued to climb slowly in 2010, accounting for 26% of new non-executive directors and 12.2% of all directors, up from 11.1% in 2009, according to research by the Australian Council of Superannuation Investors ...