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CEOs speed up digital push and downsize offices, KPMG survey shows
William Schomberg, Reuters, 25 August 2020A global KPMG survey has found 80 per cent of business leaders have accelerated their digital expansion plans during the coronavirus lockdown as they adjust to remote working. The survey also showed companies plan to reduce office spaces.
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adaptive leadership
‘We aren’t stopping at BHP’: Calls for investors to back push to stop sacred site mining
Nick Toscano, Sydney Morning Herald, 24 August 2020Indigenous land groups are lobbying shareholders of mining companies in an attempt to stop drilling activities being conducted on sacred sites. Indigenous land rights group, First Nations Heritage Alliance has thrown its support behind shareholder activism targeted at giving Indigenous people more rights over ancestral...
advocacy
socio political environment
Rio Tinto executives lose millions in bonuses over destruction of Juukan Gorge
Calla Wahlquist, The Guardian, 24 August 2020Rio Tinto CEO, Jean-Sebasiten Jacques, has lost nearly $5 million in bonuses, and the head of its Australian ore group will lose more than $1 million in bonuses after an internal review found the company had “systematic failures in the cultural heritage management system.” This comes after the destruction of a 46,000 Aboriginal heritage site at...
socio political environment
corporate reputation
Alibaba tells Trump ‘we support American brands’
BBC News, 21 August 2020Alibaba has moved to ease tensions with Donald Trump, after the President signed two executive orders targeting the Chinese-owned video-sharing app TikTok and messaging platform WeChat.
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socio political environment
government relations
public policy
Insurance giant Suncorp to end coverage and finance for oil and gas industry
Graham Readfearn, The Guardian, 21 August 2020Suncorp will end any financing or insuring of the oil and gas industry by 2025, continuing its ban on funding for new thermal coal projects. The company’s new sector guidelines are at odds with the advice of the Federal Government’s COVID-19 Advisory Commission.
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socio political environment
Facebook faces hate speech backlash in another big market
Centre for Corporate Public Affairs, Manish Singh, TechCrunch, Monday August 17, 2020, 15 August 2020 Facebook is facing mounting pressure in its biggest user market, India, over a report claiming the company compromised its hate speech policy to favour Prime Minister Narendra Modi’s ruling BJP party.To read more go to TechCrunch
reputation
socio political environment
New study reveals what minority employees now think about inclusion efforts
Cassie Weber, Quartz, 14 August 2020A July 2020 study on fairness in the workplace (including Australia, the UK, US, and Singapore) found mixed results about how people in minority groups are treated at work.
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measurement
Coronavirus crisis: Woolworths appoints its first medical officer
The West Australian, 13 August 2020Woolworths has become the first Australian retailer to appoint a chief medical officer (CMO). The position was created to shape the retailer’s response to the novel coronavirus pandemic, and provide Woolworths Group with expert medical advice to shape company policies and strengthen customer safety.
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corporate responsibility
socio political environment
adaptive leadership
Corporate America worries WeChat ban could be bad for business
Neha Malara, Reuters, 12 August 2020U.S. companies with financial links to China are pushing back against the Trump administration’s plan to restrict business transactions involving WeChat, in another escalation of the trade and geo-political cold war between the US and China.
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socio political environment
Shutting down fossil fuel companies from the inside – what some shareholders are doing
Michael Slezak, ABC News, 11 August 2020Another activist shareholder group has pledged to push fossil fuel companies towards action to mitigate climate change. More than 100 investors of Whitehaven Coal have filed a resolution questioning the long-term feasibility of the company’s production of fossil fuels.
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advocacy
csr