Social

ASIC issues report on payday lending

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAR 2015  |  NEWS
The Australian Securities and Investments Commission (ASIC ) has warned the payday lending industry to improve its consumer protections or face more enforcement action.

Increase in ASX board cultural diversity: DCA

RACHEL ALEMBAKIS  |  FRIDAY, 20 MAR 2015  |  NEWS
Cultural diversity on ASX-listed corporate boards has increased, but boardrooms do not yet reflect the broader Australian community, according to research from Diversity Council Australia (DCA).

Investors to engage with payday lenders over practices

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAR 2015  |  NEWS
A coalition of investors and other stakeholders are planning to engage with ASX-listed payday lenders and goods rental companies in a campaign to improve their lending policies to financially vulnerable Australians.

Social, regulatory risks to growing payday lending market

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAR 2015  |  NEWS
The payday lending and goods rental/leasing sector is a fast-growing part of the financial services sector, but there are social and financial risks to the sector.

GRI, Fundacion ONCE launch disability reporting guide

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAR 2015  |  NEWS
The Global Reporting Initiative (GRI) and Fundacion ONCE, a leading organization of the European Network for CSR and Disability (CSR+D), have launched a guide for organisations to use in communicating commitments relating to inclusion of people with ...

NAB launches Impact Investment Grant Program

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 MAR 2015  |  NEWS
National Australia Bank (NAB) has launched its AU$1 million Impact Investment Grants Program.

Government retains gender equity reporting framework

RACHEL ALEMBAKIS  |  FRIDAY, 27 FEB 2015  |  NEWS
Companies with more than 100 employees will continue reporting gender equality data to the Workplace Gender Equality Agency (WGEA), but the government has removed several requirements that were due to commence in April.

VFMC to divest from tobacco holdings

RACHEL ALEMBAKIS  |  FRIDAY, 20 FEB 2015  |  NEWS
The Victoria Funds Management Corporation (VFMC) has announced that it will divest from direct investments in equity of tobacco manufacturers.

Teachers Mutual Bank leads in community investment

RACHEL ALEMBAKIS  |  FRIDAY, 13 FEB 2015  |  NEWS
Teachers Mutual Bank spent 4.55% of pre-tax profits on community investment in the last financial year, making the bank a global leader, according to the 2014 London Benchmarking Group (LBG).

NSW develops first social impact investment policy

RACHEL ALEMBAKIS  |  FRIDAY, 6 FEB 2015  |  NEWS
The New South Wales government will target bringing two new social impact investment transactions to market per year as part of a ten-point social impact investment policy announced this week.