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CareSuper hired an ESG specialist from a rival, while Andrew Forrest's Minderoo Foundation appointed an executive director of effective philanthropy.
Macquarie AM takes over Island Green Power
Macquarie Asset Management (MAM) is now the owner of renewable energy developer Island Green Power, scooping up the remaining 50% stake.
Palliser Capital hits out at Rio Tinto board
Palliser Capital has vowed to continue pressing for governance reform at Rio Tinto after its shareholder resolution calling for an independent review of the miner's dual-listed company structure fell short at the group's annual general meeting.
ISSB looks to ease Scope 3 disclosure requirements
The International Sustainability Standards Board has proposed changes to requirements under IFRS S2 to offer clarity around existing reliefs and provide further relief in relation to specific Greenhouse Gas emissions disclosures.
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There are several comments to be made about investor question over CSG.
1) Whilst companies have a need to know their environmental obligations so that they can determine the risk factors of particular projects, commonsense would suggest that they should allow a significant tolerance for unknown environmental impacts that do not form part of the original framework.
2) A gas supplier's negligence should include not only issues related to the formal environmental guidelines and requirements but should also include events which occur and that could have reasonably been predicted such as water table and air quality issues.
3) If miners think that this is an issues related to CSG and other unconventional operations then they had better think again. As Gunns Ltd found out a project which fails to obtain a social licence to operate can devastate a company's bottom line and result in the death of the company itself.
Woodside have therefore made the right decision albeit late.
4) It is not really that surprising that the Greens and farmers should form an alliance. Both groups are concerned about the environment - one group depends on it for earning their livelihood, the other for the well being of society. With food consumers more and more interested in where their food comes from and how it is produced I, for one, expect that farmers and green groups will become regular partners.