Environmental

PRI active on climate change, tax avoidance

RACHEL ALEMBAKIS  |  FRIDAY, 7 AUG 2015  |  NEWS
Signatories to the Principles for Responsible Investment (PRI) are engaging with governments and business on multinational tax avoidance and commitments around climate change in the lead up to the Paris Climate Change talks, among other activities, according ...

ACCR considers appeal in Commonwealth Bank case

RACHEL ALEMBAKIS  |  FRIDAY, 7 AUG 2015  |  NEWS
The Australasian Centre for Corporate Responsibility (ACCR) is considering whether to appeal a federal court decision that affirms the right of companies to refuse ordinary resolutions to their annual general meeting (AGM).

ESG concerns a challenge for mining projects: MSCI

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The risk of stranded fossil fuel assets, increased environmental regulations and community group and environmental movement opposition are raising questions over the long term prospects and investment value of mining projects in Queensland, according ...

Court back Commonwealth Bank in ACCR case

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The Federal Court in Melbourne has ruled in favour of Commonwealth Bank of Australia in a case brought by the Australasian Centre for Corporate Responsibility (ACCR) and Environmental Justice Australia on the right of shareholders to put a resolution ...

NCD launches Soft Commodities Forest-risk Assessment Tool

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
The majority of global financial institutions do not have policies requiring clients to comply with local, national and international laws and regulations relating to forest conservation, according to the Natural Capital Declaration (NCD) and the UN ...

FTSE Russell launches All-World ex Coal indexes

RACHEL ALEMBAKIS  |  FRIDAY, 31 JUL 2015  |  NEWS
FTSE Russell has launched the new FTSE All-World ex Coal index series omitting companies with exposures to coal or general mining companies with proved and probable coal reserves.

ACCR to lodge carbon disclosure resolutions for AGL AGM

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
The Australasian Centre for Corporate Responsibility (ACCR) is lodging resolutions for AGL's annual general meeting (AGM) demanding the company set a quantitative target for annual reductions on emissions from power generation activities, among other ...

Investors consider corporate pay links to climate change goals

RACHEL ALEMBAKIS  |  FRIDAY, 24 JUL 2015  |  NEWS
As institutional shareholders continue to engage with listed mining companies over risks like climate change and stranded assets, linking executive remuneration to achievements such as reserve replacement is one tool that is coming into consideration.

CDP, South Pole Group to conduct water security assessment

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 JUL 2015  |  NEWS
South Pole Group and CDP will conduct a global assessment of how 700 of the world's largest companies manage water security risks.

PRI outlines portfolio carbon reduction strategies

RACHEL ALEMBAKIS  |  FRIDAY, 17 JUL 2015  |  NEWS
Institutional asset owners with diversified, long-term portfolios will be exposed to costs associated with the risks of climate change, and they have a "positive and unique role to play", according to a new discussion paper from Principles for Responsible ...