AXA IM launches “impact-style” fund linked to gender diversity
Mar10

AXA IM launches “impact-style” fund linked to gender diversity

AXA Investment Managers (AXA IM) is launching an “impact-style” investment strategy to generate long-term capital growth from companies that promote gender diversity. The strategy – The AXA World Funds – MiX in Perspectives – has been launched in Europe, and AXA IM will launch an Australian-domiciled fund for the same strategy this year. The strategy is intended to allow investors to capture value from...

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Number of culturally diverse women ASX leaders “extremely low”: DCA
Mar03

Number of culturally diverse women ASX leaders “extremely low”: DCA

While women’s representation in ASX-listed companies’ leadership positions is at an all-time high, the number of culturally diverse women leaders is “extremely low,” according to research from Deakin University and Diversity Council Australia (DCA). Deakin University and DCA investigated the extent of cultural diversity among women in leadership in ASX companies from 2004 to 2015, to consider the intersectionality of cultural...

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AICD calls for stronger corporate whistle-blower protections
Feb24

AICD calls for stronger corporate whistle-blower protections

The Australian Institute of Company Directors (AICD) is calling for “significantly stronger and broader whistle-blower protections” for the corporate sector. The AICD has submitted comment to the Parliamentary Inquiry into whistleblowing reforms, and is focusing its recommendations on three areas – expanding the number and type of people protected under the act, broadening the definition of disclosable conduct and extending...

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Bribery and corruption cited as sustainability engagement theme for 2017
Jan27

Bribery and corruption cited as sustainability engagement theme for 2017

Bribery, corruption, and pushing for increased corporate transparency are themes cited by sustainability and engagement specialists as key themes for 2017. In looking ahead to the issues that may come to the forefront for investment and corporate sustainability purposes, professionals told The Sustainability Report that investors will continue to engage with companies over a variety of issues in 2017. Susheela Peres da Costa, deputy...

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Escala Partners choose Ownership Matters to provide proxy advisory research
Jan20

Escala Partners choose Ownership Matters to provide proxy advisory research

Private wealth manager Escala Partners will offer clients access to research and insights from proxy advisory firm Ownership Matters to provide specialised research on governance issues. The decision to use Ownership Matters is based on a decision by Escala Partners to “raise the profile” of environmental, social and governance issues for the firm’s private investor base, said Giselle Roux, CIO. “Essentially, it’s got to the point...

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Women comprise 25% of ASX200 board positions: AICD
Dec16

Women comprise 25% of ASX200 board positions: AICD

Women now comprise 25% of board positions in ASX200 listed companies, up from 8.3% in 2009, according to research from the Australian Institute of Company Directors (AICD).  AICD notes that women now comprise 30% of the 20 largest ASX listed company boards, but 13 companies in the wider ASX200 still lack a single woman on their boards. AICD has set a target of achieving 30% women on ASX200 boards by the end of 2018. “It’s a positive...

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Engagement a tool for investment stewardship: RIAA conference
Dec02

Engagement a tool for investment stewardship: RIAA conference

Active owners can use engagement with invested companies as a tool to overcome market inefficiencies, particularly as relates to environmental, social and governance (ESG) related issues, according to a panel of experts speaking at the Responsible Investment Association Australasia (RIAA) Australia conference. Investors are stakeholders in companies, as well as being owners of the company, which means they have legitimacy, urgency and...

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ACSI issues vote warning to remaining all-male ASX boards
Oct19

ACSI issues vote warning to remaining all-male ASX boards

The Australian Council of Superannuation Investors (ACSI) has informed ASX-listed companies without female directors that they will face votes against sitting directors in 2017. In 2015, ACSI adopted a target for women to comprise 30% of ASX200 boards by the end of 2017, and that policy is now backed by a formal voting strategy for company AGMs. Just under 10% of ASX200 companies still have not appointed a women to their boards, and...

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