Anabranch ESG Advisory

#SafetyUpdate #SafeWorkAustralia have released their annual Key Work Health & Safety Statistics Report. This Report provides a snapshot of #WHS in Australia through analysis of national data on work-related fatalities, injuries and disease. The data that caught our eye: - Tragically 200 workers were fatally injured at work in 2023 (compared to 195 in 2022). - Australia's current work-related injury rate of 3.5% (the proportion of people who experienced a work-related injury or illness in the past 12 months), is roughly 1/3 the global rate of 12.1%. - 76% of work-related traumatic injury fatalities and 61% of serious workers' compensation claims occured in just 6 industries (agriculture, forestry and fishing, public administration and safety, transport, postal and warehousing, manufacturing, healthcare and social assistance and construction). - Vehicle incidents continue to account for the largest proportion of worker fatalities (42%: 84 fatalities). Falls from a heights was second. - Claims relating to mental health conditions continued to increase in 2023, now accounting for 10.5% of all serious claims. - 95% of worker fatalities were male. Safety should always be front and centre as an ESG topic for a company. It is sad to see these statistics for the Australian workforce. #ESG #Sustainability #Safety #SafetyCulture #OHS #WorkerSafety #Australia #AnabranchESG Report link here = https://lnkd.in/gxhBAwBj

Rarely do we read news like this! The EU's #GreenhouseGas #emissions are down 8.3% for the year 2023. The substantial increase in #RenewableElectricity production (primarily #wind and #solar), at the expense of both coal and gas has been a significant driver for this reduction. Preliminary data for 2023 show that renewable energy sources were the leading source for electricity generation (44.7% versus 32.5% from fossil fuel and 22.8% from nuclear power). Emissions in the industry sector were also down 6% on 2022 values, espectively for energy intensive industry (such as -8.4% and -7.8% in the mineral and metal industries, respectively). #ESG #Sustainability #EU #Europe #ClimateAction #Carbon #GHG #AnabranchESG As reported in the European Commission's 'EU Climate Action Progress Report 2024' last week. Report link here = https://lnkd.in/esGNmyM6

Welcome to #COP16! Starting today (21st October) in Cali, Colombia. This is the first meeting of the global community since the adoption of an unprecedented roadmap to halt humankind's destruction of #Nature two years ago. It will be a significant meeting as COP16 is looking to unlock the billions of dollars needed to protect nature, to incorporate indigenous populations, consider biopiracy and deliver on promises. The meeting's location on the edge of the Amazon must have been a highly strategic choice... 🌴 Livestream found here - https://lnkd.in/g8NpTyfq? #ESG #Sustainability #Biodiversity #Nature #Flora #Fauna #AnabranchESG

This is so #Innovative - using oyster shells as a bio-alternative concrete. So many oyster shells are discarded by restaurants and homes daily, and the shell was found to have a very similar chemical composition to limestone. This is not tested at scale yet, but makes for a striking sustainable foundation. What else will our future buildings hold!? #Sustainability #ESG #FoodWaste #Circularity #GreenBuildings #Concrete #AnabranchESG More information here - https://lnkd.in/g9aMbxcV

Ever heard of Shein? Temu? Of course you have. It is hard to have any presence online / social media without seeing their adverts or products, and the suprisingly cheap prices they are charging. Whilst investigations are still underway at Shein, there are predictions of #ForcedLabour within its #SupplyChains, #Environmental damage, tax avoidance, painful #CustomerService practices, and now claims of #Greenwashing are hitting the media. This week, Italy's antitrust agency launched an investigation into a Dublin-based company that operates Shein's website and app over possibly misleading environmental claims, namely the amount of "green" fabrics used in garments and failing to inform which clothing is not recyclable. This could mean a sizeable financial penalty to Shein, just in time for their potential IPO or listing plans. Notwithstanding, Shein's #ESGReports are highly detailed and data-led. #ESG #Sustainability #AnabranchESG #FastFashion

The #LEGO bricks we once knew are changing. Still exceptionally fun, but now with a more sustainable edge. The #LEGOGroup is driving innovation to create products using more sustainable materials, and have annouced that it has seen an 83% increase in renewable content in its bricks for the first 6 months of 2024. Other #sustainable commitments by the Lego Group include to generate little to no waste in its product manufacturing and to reach #NetZero emissions across its value chain by 2050. We love hearing these stories from global names! LEGO's success makes play time extra beneficial. #sustainability #ESG #AnabranchESG

ESG news for the Australian ladies*! Superannuation to be paid on parental leave from July 2025. Under the newly passed legislation, those who take parental leave and receive payments from the Commonwealth Paid Parental Leave scheme will begin receiving the Superannuation Guarantee from 1 July 2025. The Super rate is likely to increase to 12% by this period. Why is this important? Modelling from AustralianSuper shows a 30-year-old man earning the average wage of $1,983 per week with an average super balance is projected to retire with approximately $882,000 in superannuation. Meanwhile, a woman earning an average wage of $1,745 per week with an average super balance is expected to retire at age 67 with around $737,000 in today's dollars - leaving a gap of $145,000. This new legislation will boost the retirement savings for women, which helps get us nearer to closing this gap. *Other identified genders may also find this interesting. #ESG #Sustainability #Gender #PaidParentalLeave #Social #Fair #AnabranchESG

RU OK? The most important question. #RUOKDay

🔔 🔔 🔔Hot off the ESG press! Australia passes law to begin mandatory #climate reporting in 2025. Whilst this has been discussed for ~12 months, it is now passed through the Australian House of Reps. The new mandatory climate-related reporting requirements are for large and medium sized companies and will include #disclosures on climate-related risks and opportunities and on greenhouse gas (#GHG) emissions across the value chain. 📅 Start date for 'Group 1 companies' (largest) is 1 Jan 2025. Parliament also voted to pass a new law establishing a new Net Zero Economy Authority, responsible for guiding the country's economic transformation to net zero emissions, including reskilling workers for the energy transition, and coordinating with industry and investors on transformation opportunities. #ClimateChange #Sustainability #ESG #NetZeroEconomyAuthority #ISSB #ASRS #AnabranchESG

The Australian FY24 reporting season has highlighted the growing importance of #ESG consideration across listed Australian companies. With the introduction of mandatory climate-related financial disclosures commencing for larger entities in 2024/25, it was no surprise that companies have increasingly focused on disclosing their carbon emissions and outlining strategies for reducing their environmental impact. From a social perspective, companies were focused on safety and risk management, highlighting efforts to protect employees and communities within their operations. ESG linked remuneration have gained prominence, incentivising executives to achieve their set sustainability targets. Cybersecurity remains a critical governance issue, reflecting the heightened emphasis on safeguarding data. #ReportingSeasonESG #CarbonEmissionsReductions #corporategovernance Olivia Pitt