Government to introduce Australian Modern Slavery Act
Aug18

Government to introduce Australian Modern Slavery Act

The federal government will introduce a Modern Slavery Act that will require large businesses to report on actions to address modern slavery in their operations and supply chain. This week, Minister for Justice Michael Keenan announced that the government has released a new discussion paper, Modern Slavery in Supply Chains Reporting Requirement, and will solicit public comment until 20 October. This new paper is in addition to another...

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The Sustainability Report Podcast: Yolanda Beattie
Aug18

The Sustainability Report Podcast: Yolanda Beattie

On this episode of The Sustainability Report Podcast, we’re talking about diversity in the investment management industry. Research conducted by Mercer has revealed that in the investment management industry, bias in recruitment and promotion decisions as well as workplace culture block opportunities for “under-represented talent to thrive.” The study found that 76% of investment managers are male, 48% are private school educated...

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Sustainable Melbourne Fund, ARENA, extend partnership in Victoria
Aug18

Sustainable Melbourne Fund, ARENA, extend partnership in Victoria

The Sustainable Melbourne Fund (SMF) and the Australian Renewable Energy Agency (ARENA) have extended their partnership to double the number of local governments in Victoria offering Environmental Upgrade Finance (EUF). Through the agreement, ARENA will provide $390,000 for an additional 15 local governments to offer EUFs in their municipalities, using SMF’s services and the environmental upgrade agreement structure. EUAs are...

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Less than half of ASX100 companies have exec-level technologist: Calastone
Aug18

Less than half of ASX100 companies have exec-level technologist: Calastone

Less than half of ASX100 companies have a technologist in an executive leadership role, according to a survey performed by Calastone. Calastone, a global funds transaction network and fintech provider, has conducted and found that 40.4% of ASX100 companies have a technologist in an executive leadership position, compared to 45% of NZX20-listed firms, respectively up from 7.4% (AU) and 10% (NZ) since 2011. Calastone believes that not...

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Cyber security a rapidly evolving material risk for companies: Citi Research
Aug11

Cyber security a rapidly evolving material risk for companies: Citi Research

Cyber security and data protection is a rapidly evolving material risk for companies, and Citi Research recently surveyed the ASX100 to assess how companies are responding to the risk. Citi Research found that “the most common perceived risk factors impacting companies were the ability to secure and/or keep secret critical information assets (27% of respondents) and the handling of high value financial transactions or other high risk...

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Ethical investment a power tool for member engagement: Australian Ethical
Aug11

Ethical investment a power tool for member engagement: Australian Ethical

Ethical investment has grown strongly in recent years – as evidenced by the Responsible Investment Association Australasia (RIAA) 2017 report – but in addition to providing strong return for members, ethical investment can also be a powerful tool for engagement with members as well as with invested entities, according to Australian Ethical Investment. Responsible investments have more than quadrupled over the past three years to $622...

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WA ranks 8th globally in National Resource Governance Institute assessment
Aug11

WA ranks 8th globally in National Resource Governance Institute assessment

Western Australia’s iron ore mining sector scores 71 of 100 points and ranks eighth of 89 governing jurisdictions assessed for governance of their oil, gas and mining sectors in the 2017 Resource Governance Index (RGI), conducted by the National Resource Governance Institute (NRGI). This score places Australia at first position in Asia Pacific and eighth overall. “Australia has a good enabling environment, ranking third on this...

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CEFC commits to large-scale solar projects developed by Edify Energy
Aug11

CEFC commits to large-scale solar projects developed by Edify Energy

Edify Energy is about to begin construction on large-scale solar projects in Queensland, backed by finance from the Clean Energy Finance Corporation (CEFC), Commonwealth Bank and French investment bank Natixis. Edify Energy’s latest large-scale solar projects are the 150MW (AC) Daydream Solar Farm and the 50MW (AC) Hayman Solar Farm. They are located near its 57.5MW (AC) Whitsunday Solar Farm and the 57.5MW (AC) Hamilton Solar Farm,...

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