Environmental

PUMA's environmental P&L reporting: a model for Australia?

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2011  |  NEWS
PUMA announced the initial results of its developing Environmental Profit & Loss (EP&L) Account to great global interest. The sporting and apparel manufacturer has committed to establishing an economic valuation of the company's environmental, social ...

Retailers could save $1bn pa with investment in energy efficiency

RACHEL ALEMBAKIS  |  WEDNESDAY, 6 JUL 2011  |  NEWS
The retail industry could save up to AU$1bn annually by 2020 if they made a focused investment in energy efficient initiatives such as lighting and temperature control, according to a study by National Australia Bank and ClimateWorks Australia.

IGCC: carbon price delay could cost electricity sector $2.5bn

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUN 2011  |  NEWS
A four-year delay to the start of a carbon pricing regime in Australia would cause an additional AU$2.5bn of additional costs to the electricity sector for both investors and energy users, according to a study commissioned by the Investor Group on Climate ...

ICMM releases climate change policy paper

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 JUN 2011  |  NEWS
The International Council on Mining and Metals (ICMM) has released a paper calling for clear policies for a "predictable, measured transition to a long term price on greenhouse gas emissions" while recognising the mining industry's role in developing ...

Climate change issues integrated into investment decisions

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 JUN 2011  |  NEWS
Institutional investors globally view climate change as a material investment risk/opportunity, and most frequently look to their listed equity portfolio when considering climate change issues, according to a Mercer study commissioned by international ...

Swan: carbon price vital for first-rate, first-world economy

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2011  |  NEWS
Putting a price on carbon emissions is the only way to drive investment in cleaner energy innovation, and failing to do so would condemn Australia to becoming "an old-world, high-polluting technological backwater," Treasurer Wayne Swan said in a speech ...

GRI releases airport operator sector guidance

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 JUN 2011  |  NEWS
The Global Reporting Initiative (GRI) has released a new sustainability reporting guidance for airport operators, offering a framework for reporting risks like wildlife strikes, noise and human trafficking.

New water accounting standard to measure quantity, rights and obligations

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
The Water Accounting Standards Board (WASB) is in the process of developing the Australian Water Accounting Standard (AWAS), which will quantify information about water, rights and other claims to water, and obligations against water. The preliminary ...

Virgin Australia certified carbon neutral

RACHEL ALEMBAKIS  |  FRIDAY, 3 JUN 2011  |  NEWS
Virgin Australia has been given carbon neutral certification by Low Carbon Australia. The publicly listed airline formerly known as Virgin Blue received government approval through the National Carbon Offset Standard (NCOS).

Australia well placed to implement ETS

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 JUN 2011  |  NEWS
The Financial Services Institute of Australasia (Finsia) has reported that Australia has the legal, regulatory and capital markets expertise to implement a carbon emissions pricing mechanism and transition to a lower carbon economy.