Governance

OECD guidelines to promote more responsible business conduct

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAY 2011  |  NEWS
Ministers from countries belonging to the Organisation for Economic Co-operation and Development (OECD) and developing economies have agreed to a new set of guidelines to promote more responsible business conduct by multinational enterprises (MNEs).

Companies investing in sustainable operations showing returns

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 MAY 2011  |  NEWS
A study of five Australian organisations, including Blackmores and Woolworths, has shown that companies that invest in sustainable business operations and incorporate ESG factors into their financial reporting are seeing returns on investment much sooner ...

ANZ publishes interim corporate responsibility report

RACHEL ALEMBAKIS  |  FRIDAY, 20 MAY 2011  |  NEWS
ANZ has released an interim corporate responsibility report for the financial year, highlighting progress in training staff for screening clients based on sensitive sector policies and reviewing investment portfolios against UNPRI guidelines, but also ...

Finsia drafts principles to disclose, address gender divide

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 MAY 2011  |  NEWS
The Financial Services Institute of Australasia (Finsia) have drafted a set of reporting principles so that financial services companies can benchmark, measure and address the employment gender divide.

KPMG: sustainability strategies driven by cost reduction, environment

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2011  |  NEWS
More than 60% of companies surveyed in a global KPMG report say they have a strategy for corporate sustainability, with cost reduction a key rationale and a primary focus on the environmental side, particularly on resource and energy efficiency.

GRI developing oil and gas sector reporting guidance

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2011  |  NEWS
The Global Reporting Initiative is developing sustainability reporting guidelines for the oil and gas sector, to be used by organizations for measuring and reporting on the economic, environmental, social, and governance dimensions of their activities ...

NSW coal miners engage in landmark stakeholder survey

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 MAY 2011  |  NEWS
Miners in the Upper Hunter Valley of New South Wales have engaged with stakeholders by commissioning a stakeholder survey to start a dialogue on the impacts of coal mining. The survey, commissioned by the New South Wales Minerals Council (NSWMC) shows ...

ACSI selects new president, deputy president

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 MAY 2011  |  NEWS
The Australian Council of Superannuation Investors (ACSI) has appointed Gerard Noonan president and Trish Donohue deputy president at their quarterly committee of management meeting this week.

Global Reporting Initiative launch process for new standards

RACHEL ALEMBAKIS  |  FRIDAY, 6 MAY 2011  |  NEWS
Global Reporting Initiative (GRI), the body that provides the most commonly accepted framework for producing sustainability reports, has launched the process that will result in the next generation of GRI guidelines.

Woodside shareholders reject carbon disclosure resolution

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2011  |  NEWS
Woodside Petroleum Ltd shareholders - including signatories to the UNPRI - have rejected a resolution that would have amended the corporate constitution to require disclosure of the company's assumptions of future carbon prices, oil prices, demand for ...