Tag Archives: Reporting

Do No Harm? The Hidden Cost of Your Healthcare.

There are unacceptable hidden costs in the production and procurement of medical goods by Australian companies and government, according to a new report published on Thursday by the Australian Nursing and Midwifery Federation and The Australia Institute. The report – Do No Harm: Procurement of medical goods by Australian companies and government – documents mounting evidence of labour and human rights abuses in the overseas production of goods such as gloves, surgical instruments, clothing, footwear and electronics. It calls for action at corporate and government levels, saying Australia is not doing enough to stop exploitation of workers, including children, in low-wage countries in their supply chains.

The report’s author Martijn Boersma outlines the key findings and recommendations in the post below. Continue reading Do No Harm? The Hidden Cost of Your Healthcare.

A Critical Analysis of Sustainable Finance

unep sustainable finance

This paper seeks to assess how the international banking community is building sustainability into corporate strategies; how effectively these strategies are being implemented; how sustainability is being embedded into key business processes and decisions; and how sustainability principles are reflected in reporting. It presents an assessment of the sustainability performance of banks using a range of frequently used indicators, while also scrutinizing the indicators by examining the extent to which they effectively measure the performance and commitments of banks. While many banks achieve high scores on these indicators, there is evidence that there are significant flaws which are not adequately addressed.

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Mind the Governance Gap: Banks Gilding the Sustainability Lily

The GFC has shown that unsustainable banking activities can bring the economic system to the brink of collapse. A new report by Catalyst Australia examines to what degree banks can also cause or alternatively mitigate social and environmental harm, and what are the resulting responsibilities towards the community and the environment?

Continue reading Mind the Governance Gap: Banks Gilding the Sustainability Lily

The Sustainability Record of Australia’s Big Banks

sustainable banking australia catalyst report

Australian companies will soon be publishing financial results, as well as information about sustainability efforts. Corporate social responsibility of the big four banks – Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Westpac is a continuing topic of debate following recent scandals and reports of unsustainable activities. Yet according to ANZ chairman, David Gonski, Australians ought to “stop bashing the banks” for being large and profitable. This comment should put civil society on guard.

Continue reading The Sustainability Record of Australia’s Big Banks

Supply chain migrant worker exploitation

Fresh Food Supply Chain Worker Exploitation
Photograph: Bloomberg via Getty Images

Supply chains that deliver everyday products to our fridges and tables can link unsuspecting consumers to labour and human rights abuses. Supply chain transparency is a better answer to the issue of worker abuse than “cracking down” on visas, which can make workers more vulnerable to exploitation.

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The Australian Supply Chain Disclosure Imperative

The newly introduced G4 guidelines provide a great opportunity for Australian companies to showcase their supply chain performance, but the issue is to disclose supply chain issues that might not be on the radar of the Australian public, says CSR researcher Martijn Boersma. 

The Australian annual general meeting (AGM) season is upon us, and has been preceded by the release of annual reports outlining the financial performance of companies listed on the Australian Securities Exchange. In addition to financial results, many companies will be outlining their sustainability performance, either through integrated reporting or via stand-alone sustainability reports.

Continue reading The Australian Supply Chain Disclosure Imperative

2SER Radio Interview about the Catalyst CSR Dashboard and Corporate Reporting

Annamarie Reyes from 2SER’s Radio Atticus talks to Martijn Boersma, Researcher at Catalyst Australia and the University of Technology Sydney, about the Catalyst CSR Dashboard and the poor corporate reporting on labour standards and supply chains.