When a local chief executive pops up to talk about social issues, they inevitably attract fierce criticism from commentators and some shareholders who believe CEOs should only talk about operations and profits.
They stressed that the long-term interests of all stakeholders, which included customers, employees, suppliers, communities as well as shareholders, were inseparable, pointing to issues such as diversity, social inclusion and the environment.
When Andrew Mackenzie talks about BHP’s commitment to reducing its carbon emissions, it's pragmatism.Market capitalism is under attack everywhere, from a wave of populism, nationalism and protectionism that is, in part, a reaction to the growing inequality that has accelerated through the post-financial-crisis era.
While there might be an element of altruism in its commitment to decarbonisation, or improving the lot of indigenous communities and supporting the Uluru statement, or committing to gender equality, they are also extremely pragmatic positions to hold if BHP wants to protect those licences in the face of rapidly-evolving community expectations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'A nightmare': Funds push for tougher action to stop unpaid superWhen workers make voluntary superannuation contributions by salary sacrificing, a legal loophole makes it possible for employers to count this towards the mandated 9.5% super guarantee amount, and therefore pay staff less super. First wagetheft now superannuationtheft. Still governments refuse to take strong action against such employers. auspol ausbiz dmaguz despite being underpaid to begin with, using other Loopholes in relevant Modern Awards....
Source: theage - 🏆 8. / 77 Read more »
Could targeting the 'sleeping cells' that protect us from cancer help us live longer lives?Senescent cells are key drivers of the ageing process — and a new generation of drugs is seeking to banish them from our body. No . They are suppose to be asleep .
Source: abcnews - 🏆 5. / 83 Read more »
Survivor evictee’s savage parting shotHis tribemates called him everything from “beady eyed” to “snake boy” to a “worm” behind his back during his time on Australian Survivor — but Andy Meldrum got the last laugh.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Mysterious explosion none of your business, Russia tells nuclear monitoring groupRussia's foreign ministry tells an international organisation set up to verify a ban on nuclear tests that handing over radiation data on a military accident in northern Russia is entirely voluntary. This feels like an Onion headline. How depressing... In Russia it means internal business. What a bloody business. gabrielenguard
Source: abcnews - 🏆 5. / 83 Read more »
Going nowhere: Is a big house in the suburbs worth the commute time?As commuting times spiral in major capital cities, many families are opting for apartment living in the inner city, but satellite suburbs continue to grow — often without any public transport nearby, experts warn. Yes a big house on a big block of land is great for families & the bigger your family the greater the benefits for the kids when they are young. If you can afford acreage outside a city but near good transport links even better. I lived in a CBD for years, it sucks in comparison. The people in that article were only living 7km from the CBD... That's a short bike ride. Most of the suburban dwellers that these inner city elites despise so much do not work in the CBD, but in the industrial areas and building sites scattered throughout the suburbs.
Source: abcnews - 🏆 5. / 83 Read more »
Could these tiny dinosaur ants with big stings help save Poochera from dying out?Poochera is pinning its hopes of survival on a big statue and a prehistoric ant, and locals say their plan may just be enough to save their home from dying out.
Source: abcnews - 🏆 5. / 83 Read more »