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ESG Summit

The Financial Review ESG Summit investigates how to boost the credibility, transparency and effectiveness of corporate sustainability strategies, with a second day examining what lies ahead for sustainable and ethical investing.

Featured

Chris Ellison and Richard White have put a spotlight on ESG.

Founder problems? Pull the other one. Founder stocks are flying

Look at the companies whose shares have hit all-time highs this week and what do you see?

  • Anthony Macdonald

ESG fights for its place in mining sector’s sacred tome

For decades, the JORC code has been the little-known foundation upon which $544 billion in market value has been built. Now it’s getting a big shake-up.

  • Peter Ker

Welcome to the nature positive investing movement

Institutional investors see natural capital as the next force in corporate governance, with big implications for companies growing and selling food.

  • James Eyers

Glencore says ESG mood has ‘evolved’ and it will keep coal mining

The Swiss-based commodities giant had proposed spinning off the fossil fuel into a separate company but has decided to retain the division.

  • Updated
  • Peter Ker

Boards plead with Labor not to rush broader sustainability rules

The warning from the Australian Institute of Company Directors came despite concerns Australia is “cherry-picking” global sustainability reporting standards.

  • Patrick Durkin
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June

Protestors at the Federal Court campaigning against Santos’ Barossa project.

Damning Tiwi Island judgment makes bank CEOs wary of in-person visits

Major lenders had promised to send bosses to meet traditional owners near Santos’ Barossa gas project. The Federal Court has made them reconsider.

  • James Eyers
Kate Turner of First Sentier says that while the importance of nature is intrinsically understood, it’s harder to account for it in a financial sense.

Nature the next frontier but boards lack skills

Biodiversity is critical for maintaining a liveable planet, but a deficit of skills at the board level is proving a roadblock in accounting for its value.

  • Lucy Dean
David Atkin says Australia should not “cherry pick” the sustainability reporting standards.

Australia is ‘cherry-picking’ sustainability reporting standards

It is one of few jurisdictions that has agreed to apply new reporting standards only partially, says former super fund chief David Atkin.

  • Sally Patten
Anthony Miller, the chief executive of business and wealth at Westpac.

Companies undeterred by failure of the Voice referendum

Big companies such as Westpac say the failure of the Voice referendum will not dissuade them from campaigning on social issues.

  • Sally Patten and Patrick Durkin
Alexis Cheang is the head of investment stewardship for TCorp.

Investors ought to show fossil fuel companies ‘understanding’: TCorp

The journey to net zero is ‘riddled with uncertainty’ and investors need to have some sympathy for companies, ESG executive Alexis Cheang says.

  • Ronald Mizen and Joanna Mather
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HESTA chief executive Debby Blakey. says the fund Ms Blakey said the fund wants to know how food companies are thinking about antibiotics use and the risks.

Super funds target fast food giants over antibiotic use

Superannuation funds have opened a new ESG front by demanding companies such as McDonald’s provide more information about their use of antibiotics.

  • Ronald Mizen
Anne Templeman-JonesAnne Templeman-Jones welcomes disclosure about the make-up of boards, but warns it could result in a tick-a-box approach.

Proposed director disclosures may raise privacy concerns

Leading directors question whether an ASX proposal to recommend board members disclose their sexuality, age, ethnicity and any disabilities would add value.

  • Sally Patten and Patrick Durkin
Treasury’s Alex Heath says action, honesty and detail are key to avoiding greenwashing claims.

Honesty and action key to limiting ‘real’ greenwashing

The risk of regulatory crackdowns should not turn companies off making climate change commitments, provided they manage them well.

  • Hannah Wootton
Cleanaway CEO Mark Schubert

The biomethane route to cutting emissions

Renewables such as solar and wind get most of the policy attention, but businesses are experimenting with other low-carbon fuels.

  • Jennifer Hewett
Ampol managing director Matthew Halliday.

Climate targets ‘challenged’ as energy transition stumbles

The energy transition is proving much more costly and difficult than anticipated.

  • Sally Patten
CBA director Anne Templeman-Jones says small- and medium-sized businesses could win by getting ahead of sustainability reporting requirements.

In the ESG debate, this is what’s really torching shareholder value

For all the talk about the “E” in “ESG”, what gets CEOs sacked and costs investors money are old-fashioned social licence and governance issues.

  • Updated
  • Anthony Macdonald
Airbus representative Stephen Forshaw at the Summit.

Keep food scraps onshore for future aircraft fuel: industry

Singapore is quickly developing the capacity to convert waste into aviation fuel.

  • Peter Ker

Security and affordability over net zero: energy giant Jemena

Rising geopolitical risks should prompt a rethink of Australia’s energy priorities so reliability of supply and affordability rank above the net zero transition.

  • Ronald Mizen
The Energy Trilemma: rethinking the order of merit
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The Energy Trilemma: rethinking the order of merit

Jemena managing director David Gillespie says that in the pull between sustainability, energy security and affordability, security is the most important factor.

  • Updated

After the Voice, October 7, should business say less?

How should companies respond to contested social and political issues not directly related to core business?

  • Patrick Langrell
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May

David Atkin is chief executive of the Principles for Responsible Investment, a UN-backed lobby for socially responsible investing.

‘Every country is worried about what’s happening in the US’

ESG champion David Atkin runs a global organisation with 5300 signatories that manage a total of $US121 trillion – about half of global funds under management.

  • Ben Potter

March

Choosing where to invest isn’t always easy for ethical investors.

Rethinking corporate responsibility

Join the debate around the future of ESG in today’s business and financial markets at the 2024 Financial Review ESG Summit.

February

The Wiggins Island Coal Export Terminal under construction in Gladstone in 2018.

Boutique adviser 333 Capital in the thick of WICET’s $3b refi

While small parcels of WICET debt have changed hands, so far there isn’t a dominant player on track to building a big exposure.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

June 2023

ESG

Keeping AGL off page one, Longo’s warning, and other tips on ESG

AGL chairwoman Patricia McKenzie joked that one of her new KPIs is keeping the company off the front page of “The Australian Financial Review”. She was one of numerous key industry leaders at the AFR ESG Summit this week.

Farmers protesting the construction of the VNI West transmission project in Victoria.

Energy transition is trapped in ‘approval quicksand’

The clean energy transmission approvals process has been so dismal that fresh thinking is needed.

  • Updated
  • Ben Potter