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Dutch court orders Shell to cut its emissions in landmark ruling
Andrew Freedman, Axios, 27 May 2021In a precedent-setting ruling, the Dutch District Court has ruled in favour of environmentalists and more than 17,000 residents of the Netherlands, by ordering Shell to cut its emissions of greenhouse gases. This is the first court ruling to order a major oil company to make its emissions plans more consistent with Paris Climate Agreement...
corporate responsibility
A tiny, climate-conscious player is creating a giant headache for ExxonMobil
Lorraine Woellert, Politico, 25 May 2021ExxonMobil is being challenged on climate by an upstart investment group. The investor, Engine No. 1, has a US$50 million stake in Exxon Mobil, making it a niche player in the US$253 billion company. Yet, it has rallied enough institutional support to do what decades of environmental and shareholder activism never could: put ExxonMobil...
corporate responsibility
csr
Eco investors turn up the heat on Shell over climate target
Jillian Ambrose, The Guardian, 16 May 2021Shell is bracing for its largest climate rebellion as shareholders face the choice between backing the oil giant’s carbon-cutting plans or siding with activist investors, calling for tougher emissions targets. At least two major investors, Dutch pension fund Aegon and UK investment firm RWC Partners, are preparing to back...
corporate responsibility
stakeholder
Banks’ climate push is more than just hot air
Clancy Yeates, The Sydney Morning Herald, 15 May 2021In the last month, Prime Minister Scott Morrison and Macquarie Group chief executive Shemara Wikramanayake have both given speeches touching on how to address climate change. Morrison and Wikramanayake shared some common ground, as both talked up the role of entrepreneurs in addressing climate change. But their differing choice of words shows...
corporate responsibility
socio political environment
In Conversation: Corporate Activism, Reputation, Trust & Climate Targets
Very Public Affairs Podcast, Centre for Corporate Public Affairs, 06 May 2021On this episode of In Conversation, Llew Gartrell, Senior Manager Government Relations at Stockland, and Melanie McMillan, Senior Associate at the Centre for Corporate Affairs, join the Centre's Executive Director Wayne Burns to discuss the top news stories from March and April 2021.
Listen to this...
advocacy
corporate reputation
corporate responsibility
NAB’s Port of Newcastle funding tied to green sustainability goals
Ben Millington, ABC News, 04 May 2021National Australia Bank (NAB) has agreed to help finance the world's largest coal export terminal and has linked loans to a new set of social and environmental goals. NAB has stepped in to pull together "sustainability linked" loans to the value of $565 million, with the bank's group executive David Gall saying, this sort of "behaviour-based...
corporate responsibility
csr
Aldi promises zero waste to landfill in Australia by 2025
Sarah Sharples, news.com.au, 03 May 2021Aldi has announced a new sustainability plan to send zero waste to landfill by 2025. The discount supermarket will investigate closing the loop, such as sending broken pallets to be chipped into garden mulch and then sold as a ‘Special Buy.’ But first, Aldi will focus on food waste, with a goal to send zero food waste to landfill by 2023. Under...
corporate responsibility
csr
Sparking innovation through corporate responsibility during, and beyond, a crisis
Michelle Johnston Holthaus, Forbes, 28 April 2021By simply leaning into what is possible, companies can reimagine corporate responsibility to make a difference during a crisis, and long after, reinvigorating communities, supporting employees, strengthening customer partnerships, and even driving the bottom line. To do this, companies must anticipate emerging and likely challenges; align...
corporate responsibility
adaptive leadership
Leading miners including Fortescue Metals and BHP committing to big carbon reductions
Andy Park & Alex McDonald, ABC News, 21 April 2021Fortescue Metals Group announced it will go carbon neutral in nine years' time. Chairman and founder of Fortescue, Andrew "Twiggy" Forrest, says the decision comes as the fossil fuel industry is "perhaps our most dangerous industry in the world". BHP has also pledged to get to net zero emissions by 2050. Ian Dunlop, former chair of the...
corporate responsibility
csr
The case for abandoning ‘corporate responsibility’ when we judge company practices
William Nordhaus, Time, 20 April 2021Nobel Prize-winner William Nordhaus explains why corporate responsibility is a flawed metric for holding companies to account on climate change. He suggests, a more productive approach is to look at “corporate irresponsibility”. This is because "corporate responsibility" is "imperfect", given corporations want to portray themselves as...
corporate responsibility