2019

Weathering the new storms: risks and culture in agribusiness | Turlough Guerin for Farm Institutes Insights

Climate, culture and risk are now mainstream governance issues in agriculture and natural resource management.

In a recent risk and governance forum held in Australia, experts highlighted that organisations should undertake rigorous review of their non-financial risks, in particular those related to culture and climate.

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While some sectors – including banking and agriculture – were directly called out in terms of their impact, there were implications for all sectors of industry.

With the increasing focus on the need for good governance, and expectation that the advice provided by professionals meets the highest ethical standards, it is incumbent upon professionals in all sectors to demonstrate how they are acting in the interests of their clients and organisations as a whole, and not just focus on financial performance.

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This article was originally published in the Australian Farm Institute Insights newsletter in May 2019

ALAN PEARS: The cost of Labor’s Paris Climate Change Policies | John Menadue, Pearls and Irritations

Economic modelling is one of many tools for policy development. It is often taken out of context and misused. The present debate over the cost of Labor’s climate policy provides an example. Lack of context, modelling assumptions and selective use of modelling results risks distorting future climate and energy policy, with serious consequences.

Before entering into discussion of recent Coalition claims regarding the impact of Labor’s climate policies, we should consider some context.

'Outrage is justified': David Attenborough backs school climate strikers | The Guardian

“[Young people] understand the simple discoveries of science about our dependence upon the natural world,” he said. “My generation is no great example for understanding – we have done terrible things.”

The protests by young people were enormously encouraging, Attenborough said. “That is the one big reason I have for feeling we are making progress. If we were not making progress with young people, we are done.”

OCBC is Southeast Asia's first bank to rule out funding new coal power plants | Eco Business

Singapore’s OCBC Bank is the first banking giant in Southeast Asia to rule out financing new coal-fired power plants.

In an interview with Bloomberg on Wednesday, the bank’s chief executive Samuel Tsien said the company would no longer fund new coal-fired power plants in any country.

Home Front | A Breakthrough Production

Over the years an array of climate change related films have been produced in countries all around the world. Yet very few, if any of these productions have been made within Australia. It is extremely rare to find an Australian film or documentary that focuses on the local impacts and potential solutions to global warming. HOME FRONT sets out to change this, presenting a new and compelling narrative to enliven and motivate.

Featuring interviews with former Australian defence officials, fossil fuel industry executives, national security experts, and political and business leaders, you won't see your normal bunch of environmentalists presented in this film.

How to Set Up Effective Climate Governance on Corporate Boards | World Economic Forum

“The vision and action of Directors, CEOs and senior-level executives is fundamental to addressing the risks posed by climate change and delivering a smooth transition to a low-carbon economy. Materials, such as this new World Economic Forum report, that support Boards and Executives understand how to deliver on the TCFD can help foster a virtuous circle of adoption, where more and better information creates imperatives for others to adopt TCFD and for everyone to up their game in terms of the quality of the disclosures made. “