It’s hard to imagine chocolate posing any significant threat to corporate sustainability. But that’s exactly what happened when Nestle was brought to its knees by an aggressive Greenpeace campaign highlighting the destruction of native orang-utan habitat in Borneo as a result of the company’s sourcing of palm oil.Read More
In the News
According to the film The Pirates of the Caribbean: Curse of the Black Pearl the Pirate Code, in practice, “is more what you'd call guidelines than actual rules”. Captain Barbossa’s interpretation of the Pirate Code is consistently used throughout the story to renege on promises, dampen expectations and betray colleagues. As efforts to mainstream non-financial reporting ramp up, we expect the frameworks used to be less subject to Captain Barbossa’s style of interpretation. He is a pirate after all.Read More
The 3rd Edition of the ASX Corporate Governance Principles and Recommendations, released last month by the ASX Corporate Governance Council, formally recognises that economic, environmental and social sustainability issues form a crucial part of the risk landscape for publicly listed companiesRead More
Changes to the ASX Governance Principles and Recommendations announced today have been welcomed by leading sustainability advisory firm Net Balance.
It has applauded the introduction of Recommendation 7.4 which asks companies to disclose whether it has any material exposure to economic, environmental and social sustainability risks and, if it does, how it manages those risks.Read More