Editor's Choice
Aware Super, HESTA join forces against Woodside
The super funds have voted against the re-election of the chair of the Woodside Energy Board's Sustainability Committee, saying the gas giant has failed to meet expectations on climate action.
Bill Gates to give away wealth in next 20 years
Bill Gates says he will give away all his wealth over the next two decades and close the Gates Foundation permanently in 2045.
Richest 10% drive global warming: Research
New research that examined wealth-based greenhouse gas (GHG) emissions shows that the world's richest people are fuelling two thirds of global warming.
ART extends exclusions in Socially Conscious option
ART said the more extensive set of exclusions will come into effect July 1.
Whitepapers
Mandatory sustainability reporting in Australia
This paper provides an in-depth guide on identifying which entities need to prepare mandatory sustainability reports in their annual reports, and covers ...
Decoding Trump 2.0 and the impact on ESG investing
From an ESG perspective, Trump's social, economic and political agenda will keep issues rich and complicated for companies and investors alike, and that ...
Powering AI: An opportunity for investors?
Power availability is the biggest challenge for artificial intelligence (AI) growth.
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.