ESG/Sustainability
New Book from Governance & Accountability Institute, Strategic Governance, Offers Business Leaders Opportunity to Integrate Governance with Strategy, Risk, Culture & Corporate Responsibility to Achieve Financial, Environmental & Social Sustainability (Source: Governance and Accountability Institute) NEW YORK--Boards and managers seeking direction about the “hows” and “whys” of making their business more sustainable and to enhance public reporting on the company’s sustainability performance and progress have a new resource: Strategic Governance. The book is designed by the authors to provide business leaders with “must-have” knowledge that helps them “walk the talk” of an integrated approach to financial, environmental, and social responsibility. Executives can then better “talk the talk” of sustainability through an integrated reporting framework based on the same strategic governance system of purpose, principles, and methodology they utilized to achieve it.
Organizations are focusing on measuring performance aligned with pay, Mercer survey shows (Source:The Financial.com) In response to the ongoing legislative and regulatory demands regarding executive compensation, organizations are focusing efforts on measuring performance and aligning it with pay. Nearly two-thirds of companies are introducing new financial performance measures in their annual incentive programs, according to a new survey by Mercer. Mercer’s Executive Compensation and Performance 2011 survey, conducted in November 2010, examines how organizations are addressing executive compensation in 2011 from a short- and long-term incentive design perspective and addressing the new legislation regarding say-on-pay. Associated Profiles : Mercer
USA to resume leadership role in sustainability reporting (Source: Just Means) GRI’s latest global expansion, Focal Point USA, will be officially launched at the New York Stock Exchange on Monday 31 January 2011.The Focal Point USA began operations in October 2010. Led by Director Mike Wallace, the Focal Point aims to address the needs of the unique marketplace in the USA, and to boost the quality and quantity of sustainability reports coming from US organizations. The rapidly upward trend in sustainability reporting globally, and particularly in Europe, has not been mirrored in the USA. GRI’s Chief Executive, Ernst Ligteringen, and speakers from Bloomberg, Avon, UPS, Marriott and NYSE Euronext will gather at the New York Stock Exchange this month to discuss: “Why is America letting the world lead in sustainability reporting?” Associated Profiles : UN - Global Reporting Initiative GRI
Sovereign Wealth Funds
SEC probes sovereign funds deal: Report (Source: The Economic Times) The US Securities and Exchange Commission is investigating whether banks including Citigroup Inc and private-equity firms such as Blackstone Group, violated bribery laws in their dealings with sovereign-wealth funds, according to a media report.
BNY Mellon sets up new unit to serve Asian sovereign funds (Source: Reuters) Bank of New York Mellon , which focuses on asset management and the securities servicing, said on Tuesday it has set up a new unit to cater to sovereign wealth funds in the region. Asia is home to a number of sovereign wealth funds including Singapore's GIC , China's CIC and Malaysia's Khazahah Holdings. Associated Profiles : : China Investment Corporation
US Pension Funds
Calpers Recoups Lehman Crash Loses as Taxpayers Face Higher Cost ( Source: BusinessWeek) The California Public Employees’ Retirement System, the largest U.S. public pension, is now worth just as much as when Lehman Brothers Holdings Inc. went bankrupt in 2008 and wiped out $6.8 trillion in U.S. stock-market value in six months. Even with the gain, Calpers today has only about 70 percent of the money it needs to cover benefits promised to government workers. The pension fund, which lost almost a third of its value in the crash, has had to demand more from taxpayers to cover those costs even as Governor Jerry Brown proposes a budget that cuts out vision care for poor children and may force 350,000 students out of community colleges. Associated Profiles: California Public Employees’ Retirement System (CalPERS)
Pension fund gets $4.25M in deal(Source: Albany Times-Union) ALBANY -- State Comptroller Tom DiNapoli said Thursday his office has agreed to a $4.25 million settlement in a lawsuit against Merrill Lynch and Bank of America, its post-collapse purchaser. The suit claimed the financial firms had duped investors about the extent of Merrill's role in the subprime mortgage bubble, artificially inflating its value. DiNapoli claimed the deception resulted in eventual losses to the state's $133 billion Common Retirement Fund, which the comptroller oversees as the sole trustee. Associated Profiles: New York State Common Retirement Fund
Pension Reform Debate a Fight Over Facts(Source: Sunshine State News) Sen. Jeremy Ring, D-Margate, said Wednesday he is waiting for facts before he begins crafting legislation on pension reform - but in the debate so far, both sides claim they have "facts" on their side. Officials from the AFL-CIO stated earlier this week that the Florida Retirement System was financially sound and not in need of reform, but Ring disputes that. He said the FRS should be fully funded, not at its current 87 percent rate. Associated Profiles: Florida Retirement System Pension Plan | Make SustainabilityHQ™ your daily headquarters for important news, commentary and research results – your HQs for Sustainability and ESG knowledge management. The key capital market players focused on Sustainability and ESG (environmental management, social issues and effective corporate governance) are profiled with an abundance of relevant information. Updates are continuous. The third party organizations helping to shape corporate valuations and corporate reputations are profiled and news about these players is updated every day. Log in and check it out! Governance & Accountability Institute - Benchmarking Services In-depth profiling and analysis of leaders in Corporate Sustainability. Learn from the Leaders to develop Your Winning Corporate Strategies
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Watching the Watchers
Global Water Partnership
Headquarters: Stockholm, Sweden
Established: 1996
KEY PARTNERS
Co-founders are World Bank, United Nations Development Programme, and Swedish International Development Agency.
OVERVIEW/MISSION The Global Water Partnership states its mission: “The Global Water Partnership's vision is for a water secure world. Our mission is to support the sustainable development and management of water resources at all levels.”
Global Water Partnership News Sweeps
Water availability and non-availability
(Wednesday - January 12, 2011) Associated Profiles : Global Water Partnership
- Pakistan Meteorological Department, Islamabad Director General Arif Mehmood and Pakistan Water Partnership/ Global Water Partnership – South Asia's Sardar ...
PWP, PC, WMO organise seminar
(Wednesday - January 12, 2011) Associated Profiles : Global Water Partnership
- ... Pakistan Meteorological Department, Islamabad and Sardar Muhammad Tariq from Pakistan Water Partnership/ Global Water Partnership - South Asia also ... Give more to pour
(Friday - December 31, 2010) Associated Profiles : Global Water Partnership
- The call was first made by Global Water Partnership Caribbean, which recently argued that regional consumers were paying precious little for the vital ...
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