Social

CFI a source of economic opportunity for Indigenous groups

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUN 2014  |  NEWS
The Carbon Farming Initiative (CFI) has offered opportunities for income generation for carbon abatement and sequestration activities for a number of entities, including Indigenous groups. One of the earliest methodologies approved under the CFI certified ...

Co-ops, mutuals a "third way" for public service provision

RACHEL ALEMBAKIS  |  FRIDAY, 13 JUN 2014  |  NEWS
Co-operatives and mutuals offer an alternative "third way" to complement for-profit and not-for-profit business models for delivery of public services, according to a green paper aiming to stimulate discussion on how the sector can provide innovative ...

Foresters Community Finance, InterFinancial to partner

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Foresters Community Finance has sold shares in its funds management subsidiary to mid-market corporate advisory firm InterFinancial Corporate Finance as part of a strategic partnership between the two companies.

Push to focus on tax reform, transparency as part of G20

RACHEL ALEMBAKIS  |  FRIDAY, 6 JUN 2014  |  NEWS
Tax and transparency reforms should be a priority for Australia in its presidency of the G20 because there is a strong link between base erosion and profit sharing (BEPS) and the G20's objective to promote development, according to Oxfam Australia and ...

KPMG finds companies invest $12.2bn in social programs

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
One hundred of the world's largest companies made investments in social programs valued at US$12.2 billion in 2013, but less than a third of those companies are reporting on the impact of those investments, according to a new global report by KPMG International.

Westpac reports progress on sustainability targets

RACHEL ALEMBAKIS  |  FRIDAY, 30 MAY 2014  |  NEWS
Westpac has revealed progress on its sustainability strategy and is conducting a review of its environmental, social and governance (ESG) risk framework, a biennial process that is considered a "refresh", said Siobhan Toohill, head of group sustainability ...

LUCRF selects Northern Trust for ESG-screened mandate

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 MAY 2014  |  NEWS
Labour Union Co-operative Retirement Fund (LUCRF) has appointed Northern Trust Asset Management's international business to manage an AU$220 million global equity index mandate that incorporates the fund's environmental, social and governance (ESG) screens.

Net Balance, Gold Standard report on co-benefits value

RACHEL ALEMBAKIS  |  FRIDAY, 23 MAY 2014  |  NEWS
Robustly designed climate mitigation projects can deliver environmental, social and economic benefits resulting in greater financial impact than previously calculated, according to a study from The Gold Standard.

AXA IM develops impact investing fund of funds

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAY 2014  |  NEWS
AXA Investment Managers (AXA IM) is currently developing an impact investment fund of funds strategy, a response to growing client interest to invest into the space.

LGS Taps AMP Capital for social infrastructure

RACHEL ALEMBAKIS  |  FRIDAY, 16 MAY 2014  |  NEWS
Local Government Super (LGS) will invest in AMP Capital's Community Infrastructure Fund (CommIF), a decision influenced by the social and environmental qualities that are part of the fund, said Bill Hartnett, LGS's head of sustainability.