Companies exploring integrated reporting benefit from the scrutiny that finance teams apply to their sustainability and other non-financial data and develop a stronger board focus on non-financial matters, a new survey has found.
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.
Fewer ASX200 companies are concerned about carbon price risk and more are taking action on energy efficiency, says a new Carbon Disclosure Project analysis that praises companies including Qantas, Virgin Australia, Wesfarmers and Woolworths for improved information sharing practices.
The Commonwealth Bank lists the 'top three' actions that have it on track to achieve targeted carbon cuts and details how it helped deliver a 78% reduction in potable water consumption by a former 'top 10' Queensland water user, in its new sustainability report.
Amcor has 40% of its global manufacturing sites ISO14001-accredited and is attempting to standardise audits of its environmental management systems across the company, says its sustainability report released today.
In its latest sustainability report, Origin Energy evaluates its performance against its five-year goals, outlines plans to use treated CSG water at its Darling Downs power station and flags a 'world-first' monitoring system for its generating assets.
Wesfarmers' new sustainability report details its joint projects with WWF, describes its 'zero tolerance' approach to illegal logging, explains why it more than doubled environmental expenditure to $90 million, lists big energy efficiency wins, and says the group is 'well-prepared' for a carbon price.
Orica and Incitec Pivot will be among the first listed companies to include the value of emissions and permits in their financial reports when they release their full-year results next month.
The Renewable Energy Target adds $40 per tonne to the cost of aluminium production, says an industry sustainability report released today, with the Aluminium Council separately advising the carbon price will add about $20 a tonne in its first year.