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Santos adopts shareholder advisory vote on climate change report
Santos, 16 March 2021Santos has announced it intends to provide shareholders with a non-binding advisory vote on the company’s Climate Change Report at the 2022 Annual General Meeting. Santos is also investing in carbon capture and storage which will safely and permanently store 1.7 million tonnes of carbon dioxide each year and…
corporate responsibility
csr
Corporate social responsibility is more important than ever: here’s how to ensure your company is stepping up
Stephanie Burns, Forbes, 04 March 2021Corporate Social Responsibility (CSR) has shifted from “efforts aimed at building a kind and empathetic corporate image” to focussing on what companies are doing to give back to their communities, how they are caring for their now-remote employees, and how they adhere to new guidelines and regulations. There has also been more emphasis placed...
csr
corporate responsibility
How McDonald’s new Chief Global Impact Officer plans to execute the company’s ‘refreshed purpose’
Alicia Kelso, Forbes, 01 March 2021As part of McDonald’s "refreshed purpose to feed and foster communities," the company is focusing on responsibly sourced ingredients, driving climate action, connecting with communities, and increasing focus on equity. With that, the company’s new Chief Global Impact Officer has pledged to sourcing 100 per cent of packaging from renewable,...
corporate responsibility
csr
corporate narrative
Banco Santander will deny loans to coal-related companies from 2030
Entrepreneur Asia, 23 February 2021Spanish banking giant, Santander, announced that as of 2030, it will deny loans and other services to companies linked to the coal industry. In a pledge to ‘decarbonise the economy’, the bank released a statement promising to eliminate its “exposure to thermal coal mining worldwide” and “support the objectives of the Paris Agreement on climate...
corporate responsibility
csr
Rio Tinto vows to act on emissions after doling out record dividend
Nick Toscano, The Sydney Morning Herald, 17 February 2021Rio Tinto's new chief executive has laid out plans for a shake-up of the mining giant's climate change agenda, pledging to expand its emissions-reduction goals to tackle the company's enormous carbon footprint. However, the goals disappointed climate-focused shareholder activist Market Forces. The organisation's director, Julien Vincent, said...
corporate responsibility
csr
BlackRock warns heavy polluters over emissions data before shareholder meetings
Simon Jessop, Reuters, 17 February 2021Carbon-emitting companies must disclose the full scope of their greenhouse gas emissions or risk confrontation with investors at their annual shareholder meetings, BlackRock - the world's biggest asset manager - said on Wednesday. The warning is the first time BlackRock has publicly sought the release of Scope 3 emissions data, part of its plan...
csr
corporate reputation
Stakeholder capitalism gains traction as companies commit to new ESG metrics
Esther Whieldon, S&P Global, 27 January 2021Dozens of the world's largest companies have committed to use a uniform set of "Stakeholder Capitalism Metrics" in their mainstream disclosures amid broader global efforts to standardise environmental, social and governance reporting. The 21 core stakeholder capitalism metrics are based on existing measuers and offer "universal, comparable...
corporate responsibility
csr
The year global health went local
Bill and Melinda Gates, GatesNotes, 27 January 2021Bill and Melinda Gates have published their annual letter, stating hope is on the horizon as the world has achieved recent victories against COVID-19 in the form of new tests, treatments and vaccines. However, they have both warned that the lasting legacy of coronavirus could be "immunity inequality" - a wide and deadly gap between ...
adaptive leadership
csr
Oil giant Exxon Mobil pushes new climate change plan as activist investors circle
Eric Rosenbaum, CNBC, 14 December 2020Exxon Mobil has announced a new five-year plan to reduce greenhouse gas emissions. The new targets were in response to multiple activist investor groups targeting Exxon Mobil's slipping financial performance as well as a failure to address long-term energy transition needs. The oil giant pledged that its 2025 plan would also meet the Paris...
corporate responsibility
csr
Finding a balance: Why you shouldn’t shift your CSR focus solely to pandemic relief
Kevin Xu, Forbes, 23 November 2020COVID-19 has put business leaders under pressure to balance pandemic-related initiatives with other CSR issues. Business leaders should re-frame their CSR parameters, implement backup plans, and create a network of organisations that operate as partners rather than ...
csr
corporate responsibility