insto - Australian financial markets

A new guide to corporate responsibility reporting will transform the way the property sector records its performance, according to the Property Council of Australia. The publication, A Guide to Corporate Responsibility Reporting in the Property Sector, is the only property-specific template available anywhere in the world.

Peter Verwer, the Property Council’s chief executive, said: “This guide will revolutionise corporate responsibility (CR) reporting in our industry, and ensure non-financial performance is transparent, meaningful and comparable.”

Global asset management leaders have indicated that even as the immediate financial shocks fade, dealing with the market crisis is likely to remain at the top of their risk agendas for some time. The top ten ranking risks, according to a survey published by Ernst & Young in conjunction with strategy consultancy Oxford Analytica, reveals that asset managers will need to manage five new risks in 2009 – all relating to how the sector responds to the market crisis.