- And that’s a wrap 2023! Christmas with IR Department
- This is what the ASX and investors expect for gender diversity on your board
- 5 key lessons any company can take away from our foundational ESG report
- What small caps can take away from Amazon’s move to write emissions data into its supplier standards
- How Australian small caps are likely to be impacted by the new ISSB sustainability disclosure standards
This is what the ASX and investors expect for gender diversity on your board
Gender diversity on boards is a key ESG performance indicator for listed companies of all sizes and across industries. Here’s what you need to know:
- Workforce diversity is considered a material disclosure according to the ESG reporting framework preferred by investors, with a particular focus on gender diversity at executive level
- Institutional investors are ramping up advocacy around board diversity; for ASX 300 companies with poor female representation, this could see the re-election of male directors vetoed
- Since 2010 the ASX has recommended listed companies set and disclose a diversity target annually, and investors are increasingly expecting this recommendation to be adopted.
If your institutional investors aren’t asking you about your board diversity targets just yet, chances are they soon will be.
5 key lessons any company can take away from our foundational ESG report
We are pleased to announce the publication of IR Department’s foundational Environmental Social Governance (ESG) report.
The report provides a snapshot of our ESG performance and sets out the objectives of our ESG program to June 2024.
We produced the report off the back of the launch of our ESG practice earlier this year, to respond to the growing reporting needs of our micro and small cap clients. We know that ESG reporting can feel overwhelming, and confusing. We wanted to demonstrate a simple approach to producing high quality ESG information, and establishing a program with strong ties back to business objectives.
Here are 5 key take-aways for companies wanting to get started with their own reporting program:
What small caps can take away from Amazon’s move to write emissions data into its supplier standards
And what to do about it.
As governments around the world roll out mandatory climate reporting legislation to support the world’s transition to a net zero emissions economy, it’s clear that large entities will need to begin emissions accounting some time over the next 12 months, if they aren’t already doing so.
The impact of mandatory reporting on smaller businesses, though, has not been so clear.
A new move by Amazon to update its Supply Chain Standards next year to require its suppliers to share their emissions data and set reduction goals gives us some clue of how the requirements imposed on larger companies could trickle down on smaller entities – and when.
In short, it appears smaller entities are going to be impacted much sooner than anticipated.
How Australian small caps are likely to be impacted by the new ISSB sustainability disclosure standards
- The new sustainability disclosure standards, IFRS S1 and S2, draw upon and consolidate many of the leading ESG reporting frameworks in use today
- Designed to standardise ESG reporting principles for the benefit of the investment community in decision making process
- Governments are developing new legislation for listed entities aligned with standards
- Based on accounting principles, the new standards are expected to significantly change corporate reporting, and spur a large uptake of emissions accounting by organisations.
IR Department expands with ESG practice and new team members
- New ESG practice bolsters consultancy’s client offering
- Appointment of Jack McLintock, Annabelle Dick and Anna Cvijetić expand IR Department’s investor and public relations expertise
Getting started with ESG – what’s it all about?
ESG (environmental, social, and governance) has become a key factor for investors when making investment decisions. As such, incorporating ESG into your investor relations approach is crucial for success.
Our latest blog post explores the benefits of ESG for companies, including attracting socially responsible investors, managing risks, building a positive brand reputation, and ensuring regulatory compliance. We also provide practical tips on how to integrate ESG into your investor relations approach. Read our blog post now and learn how to build a sustainable and responsible business that benefits all stakeholders.