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Google, Facebook, Amazon, and more urge SEC to mandate regular climate reports
Lauren Feiner, CNBC, 14 June 2021In a letter to the Securities and Exchange Commission (SEC), seven US big tech companies have urged it to regularly disclose climate change-related matters to their shareholders. The group, including Alphabet, Amazon, Autodesk, eBay, Facebook, Intel, and Salesforce, also said that collectively 21 gigawatts of clean energy was purchased with the...
corporate responsibility
csr
Single, global sustainability standard for companies backed by G7
Huw Jones, Reuters, 08 June 2021Former European Central Bank President Jean-Claude Trichet will head an advisory group on establishing a global board for sustainability-related company disclosures. The new International Sustainability Standards Board (ISSB), due to be unveiled ahead of this November’s COP26 UN climate change conference in Glasgow, will...
socio political environment
csr
UK banks tested on climate crisis risks
BBC, 08 June 2021The Bank of England has announced it will examine the risks rising temperatures and sea levels could pose for the UK's big banks and insurers. It will put 19 firms through stress tests involving three climate scenarios projected over the next 30 years. The scenarios will be based on average temperature increases and changes in weather patterns....
csr
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
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
Risky business: 54% of Australian companies plan to slow ‘green’ initiatives due to COVID
Sukhbir Sandhu, The Conversation, 29 April 2021More than half of Australian companies plan to scale back environmental initiatives to weather the financial harm caused by the COVID pandemic, according to new research from Deloitte. However, Sukhbir Sandhy, Associate Professor in Sustainability and Ethics at the University of South Australia, argues “rather than abandoning environmental...
csr
socio political environment
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
Corporate social responsibility is not only ethical, but also a modern business tool
Laura Colombo, Forbes, 05 April 2021The social change that has taken place across the corporate sector has brought more awareness to the need for a better world in both environmental and economic terms. It has led companies to focus on the presentation of a sustainability report, which is the real passport needed to enter today's business world. As such, the main value of CSR is...
csr
corporate responsibility
Coles, Nestlé in plans to build first-ever soft plastics recycling plant
Dominic Powell, The Sydney Morning Herald, 17 March 2021A consortium of high-profile companies including Coles and Nestlé is planning to build a soft plastics recycling plant where wrappers and bags can be broken down and remade into new food-safe wrappings. An Australian first, this ‘circular’ soft plastics recycling plant is set to improve the technical, economic and environmental benefits of…
csr
corporate responsibility