Australian superannuation giant Hesta has announced it will be restricting its investments in thermal coal operations. “This ‘unburnable carbon’ is likely to become an increasing risk in the medium to long term, especially for companies heavily invested in thermal coal, or those seeking to develop new long-term assets” said Chief Executive Officer Anne-Marie Corbuoy in a statement on Friday.
Hesta, a fund representing 785,000 members and 155,000 employers in the health and community services sectors, is one of few institutional investors accounting significantly for climate change impacts on their long term investments. Not only has the $29 billion superfund decided to limit its direct association with thermal coal projects, it has announced that it will not invest in any newly listed companies that derive more than 15% of revenue from exploration or production of thermal coal.
Just over a week ago, Australia celebrated EnviroWeek 2014, a fantastic community initiative that works with Australian schools to promote sustainable practices. The project was run by Cool Australia, and its CEO Jason Kimberley has a built a real future-focused movement for sustainability education in schools. Since starting the organisation in 2008, Jason and his team have engaged more than 15,000 teachers and 500,000 students across Australia, with 172,732 students from 2137 schools this year taking part in 314,495 local and community projects to promote sustainability and help the environment. Continue reading Australia’s Green Labour Force: The Next Generation→
Kellog’s breakfast cereals are well known, and this brand recognition is being leveraged to invest in a health initiative that has already seen food distributed to over seven million people in Australia since the The Breakfasts for Better Days program was launched in February 2013.
In brief, Kellog’s is donating one breakfast to a child or family in need, for every box of cereal sold. They state that in Australia, one in seven kids don’t eat breakfast, and that this has an effect on important developmental learning and social interactions. The program has already donated seven million meals, and aims to feed 12 million Aussie children and families by 2016. With only five million more meals to serve in the next two years, it looks like they will meet (or even exceed) their target. This Australian strategy contributes to the global initiative, which is hoping to feed half a billion people by 2016. Continue reading How your cornflakes are helping Aussie kids→
Many people use CSR and Sustainability interchangeably, when there are some clear and definitive differences that show the two terms are not synonymous. Simply put, Corporate Social Responsibility is the task of balancing current stakeholder interests, by implementing initiatives that improve wide reaching and operational impacts on communities. Conversely, Sustainability is a course of action that “meets the needs of the present without compromising the ability of future generations to meet their own needs” – accurately described by the World Commission on Environment & Development’s Our Common Future, published in 1987.
An article in the Canadian Huffington Post Online, discusses this definition debarkle, and explains the relationship between these two terms really well. It’s important to know the difference, and to understand how businesses can have a CSR strategy as well as a separate Sustainability strategy. The article closes by saying you can be responsible or sustainable, but not both. Sustaining People agrees with a lot of what is extolled in this piece, but maybe there is a way to marry the two together; sustainability strategy can be used to inform CSR initiatives about the potential future risks, so that current action doesn’t hamper ongoing sustainability efforts.
If you would like to know more and better inform your own CSR or Sustainability experience, you can read the full article here.
Ernst & Young has announced its plans to acquire Netbalance, one of Australia’s most prominent Sustainability & CSR consulting houses, for an undisclosed amount. In an email release yesterday afternoon, Netbalance broke the news to its members stating that the proceedings would have little to no impact on the provision of its services. Netbalance has a prestigious client base, having worked for the likes of World Vision, Woolworths, Telstra, Bunnings, Insurance Australia Group, NAB, Commonwealth Bank, AGL, EnergyAustralia and Stockland. Continue reading Ernst & Young to Acquire Netbalance→