Sustainability

Accounting platform Xero announced it has offset 100 per cent of its carbon emissions by investing in carbon certified environmental projects and conservation schemes across the globe, to balance out the carbon emissions produced by its operations and major suppliers for the financial year ended 31 March 2019 (FY19). Xero

CommBank and Wesfarmers have signed an agreement to upgrade the conglomerate’s existing debt facility to a $400 million loan which is tied to sustainability goals like enhanced indigenous employment and carbon emission reduction.  Wesfarmers will pay less or more for their funding based on their environmental, social and governance (ESG)

Most CEOs say environmental sustainability is important but that belief isn’t reflected in how much time or attention they spend on the subject, according to Bain & Company.  The consultants argue the lack of current and comprehensive data on company efforts and difficulty measuring the ROI of sustainability investments are

With $35 million of venture funding in its war chest, Australian startup v2food last year purchased a 55,470sqm site in Wodonga to manufacture its plant-based meat products locally. More than $20 million will be invested in refitting the Wodonga site to be a food-grade facility, expected to be operational in

Google will open a new cloud region in Melbourne which is expected to come online in 2021 to cater for the growing demand for cloud services across Australia.  Google Australia opened its first cloud region in Sydney in July 2017 and says it wants to build the “most secure, high

Australia’s biggest telco says its operations will be carbon neutral this year and it will halve its 1.3 million tonnes of yearly greenhouse gas emissions within the decade. Telstra this week announced three major sustainability goals: To be carbon neutral in its operations this year, energy consumption equivalent to 100

Last week news of the spread of COVID-19 outside of mainland China caused global share markets to plunge. In Australia, the ASX fell 10 per cent in a week. And as the coronavirus response has moved from containment to preparation, businesses have begun to recalibrate their operations to weather a

Of the 46 technology companies included in the ASX All Tech Index which launched last week, just one has a female CEO.  The ASX has added 100 tech IPOs in the last five years, many of which were mid-cap listings such as Xero, Wisetech, Life360, and Fineos. The new index

Businesses have an obligation to be responsible in the way they go to market, not because customers and communities demand it but because they deserve it, according to T2 global CEO and newly appointed CEO of Unilever Australia Nicole Sparshott.  She said, “[Consumers] are looking for brands that have a

Australian shopping centres are transforming into power plants in response to rising electricity prices, easy access to capital and lower costs for renewable energy infrastructure. In a softer retail environment, shopping centres have reallocated their floor space. More square metres have gone to food and entertainment precincts as consumer preferences