Social

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.

Sedex Global partners with World Bank Institute on platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 MAY 2014  |  NEWS
Sedex Global and OpenCorporates will partner with the World Bank Institute to develop the Open Supply Chain Platform, an initiative aimed at companies' transparency and performance in responsible supply chain data.

Good Shepherd Microfinance receives more state funding

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAY 2014  |  NEWS
Good Shepherd Microfinance will receive a further AU$1.7 million in funding as part of the Victorian state budget.

bankmecu and Swan Hill Credit Union to merge

RACHEL ALEMBAKIS  |  FRIDAY, 9 MAY 2014  |  NEWS
bankmecu and Swan Hill Credit Union (SHCU) will merge after SHCU members endorsed the move this week.

NAB, GS Microfinance: more needed on financial exclusion

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
There are still more than three million Australian adults that are fully or severely excluded from financial products, lending weight to the argument for greater investment in microfinance in Australia, according to Good Shepherd Microfinance.

J.P. Morgan, GIIN report uptick in impact investing

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
The world's largest impact investors say they expect to commit US$12.7 billion to impact investments in 2014, a 19% increase over 2013, according to a survey conducted by.P. Morgan and the Global Impact Investing Network (GIIN).