Investment

LGS select MSCI for ESG and carbon research, monitoring

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
The AU$6bn Local Government Super (LGS) has selected MSCI to measure and monitor ESG and carbon characteristics of its portfolios.

Australian Ethical appoints Louise Herron director

RACHEL ALEMBAKIS  |  WEDNESDAY, 22 FEB 2012  |  NEWS
Australian Ethical Investment has appointed Louise Herron as a non-executive director.

Investors to call on ERSB to investigate carbon asset risk

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 FEB 2012  |  NEWS
A group of investors, academics and politicians is drafting a letter to send to the European Systemic Risk Board (ESRB), urging the newly formed board to investigate if the European Union's exposure to high carbon investments poses a systemic financial ...

Mercer gives top rating to 9% of ESG strategies

RACHEL ALEMBAKIS  |  WEDNESDAY, 15 FEB 2012  |  NEWS
Only 9% of more than 5,000 investment strategies in Mercer database achieve the highest ratings on environmental, social and governance (ESG) ratings.

City of Melbourne to hold EUA sessions for building sector

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 FEB 2012  |  NEWS
The City of Melbourne and the Sustainable Melbourne Fund are offering three free information sessions to educate consultants and contractors to the commercial building sector on environmental upgrade agreements (EUAs).

Debate over setting surrender charges for carbon units

RACHEL ALEMBAKIS  |  FRIDAY, 3 FEB 2012  |  NEWS
The government is consulting with stakeholders on regulations to establish surrender charge for international carbon units that liable companies could purchase to offset carbon emission liabilities. Brokers say that the government must select a policy ...

Finsia: ESG consistent with superannuation fiduciary duties

RACHEL ALEMBAKIS  |  FRIDAY, 3 FEB 2012  |  NEWS
Integrating environmental, social and governance (ESG) factors into investment processes is "entirely consistent" with the fiduciary duties of superannuation trustees, the Financial Services Institute of Australasia (Finsia) said in a newly published ...

MSCI launches ESG ratings for sovereign bonds

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 FEB 2012  |  NEWS
MSCI has launched a sovereign ratings tool designed to identify a country's exposure to and management of environmental, social, and governance (ESG) risk factors.

IGCC working group engages on green finance design, function

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
Given the Australian and global push to transition to a low carbon economy by attracting private investment, the Low Carbon Finance Working Group (LCFWG) of the Investor Group on Climate Change (IGCC) is engaging with the government on the set-up and ...

Institutional investors put climate change into risk budget

RACHEL ALEMBAKIS  |  WEDNESDAY, 25 JAN 2012  |  NEWS
More than half of the 12 institutional investors that participated in a 2011 Mercer climate change survey have decided to include climate change considerations in future risk management and/or strategic asset allocation processes.