Browsing: Corporate strategies

Orica's company-wide "project sustain" initiative will tie executive remuneration to environmental performance and lead to the organisation being viewed as an "exemplar" in sustainability management, CEO Ian Smith told shareholders at Orica's AGM this morning.

A $450 million investment in plastic bottle lightweighting technology will cut PET resin use and carbon emissions, says Coca-Cola Amatil's new sustainability report, but it contains few substantive environmental targets.

Transport and logistics company Toll Holdings says a carbon price won't have a material effect on its business and aims to reduce its CO2 emissions intensity to 20% below 2009-10 levels by 2020.

Three Australian banks are listed in a new global carbon performance leadership index prepared by the prestigious Carbon Disclosure Project, while a regional report due out in November will detail how the ASX200 and NZ50 are faring.

Inpex's Darwin LNG project will be subjected to far less onerous greenhouse gas offset requirements than similar projects in Western Australia.

The Lion group's latest sustainability achievements include new ISO14001 accreditations, installing a cogeneration plant, conducting a company-wide water audit and selling 4.5 million litres of carbon-neutral beer.

Industry recognises the urgent need for energy efficiency gains, yet is still largely failing to take decisive action, particularly in core production activities, according to a new global report by the Economist Intelligence Unit, which draws on interviews with executives including Orica's Ian Gilmour.

OneSteel's first stand-alone sustainability report reports a significant cut in potable water consumption at its Whyalla steelworks – which is South Australia's largest water user – and says projects at its NSW operations allowed it to create and sell energy efficiency certificates worth $600,000 in 2009-10.

News Ltd has become carbon neutral, offsetting all emissions associated with fuel and power consumption and business air travel, chief executive John Hartigan has announced.

Westpac will 'avoid' transactions that support greenhouse-gas intensive power plants and is 'speaking out' on sustainable business practices, but has fallen short of meeting this year's target for cutting its own greenhouse gas emissions, today's sustainability report reveals.