In agriculture, sustainability is not a preference – it is a sign of vitality. Food manufacturers, farmers, and land investors across the globe who understand that have already begun to reap the benefits.
by Robert Rushford CEO BioIQ 1300 090 261 | 0447 886 547
ESG analysis has become an increasingly important part of the investment process. For investment professionals, a key motivation in the practice of considering environmental, social, and governance (ESG) issues as part of their financial analysis is to gain a fuller understanding of the companies in which they invest.
ESG metrics are not commonly part of mandatory financial reporting, though companies are increasingly making disclosures in their annual report or in a standalone sustainability report.
ESG goes beyond environmental issues like climate change and resource scarcity - it encompasses all non-financial topics that are not typically captured by traditional financial reporting.
ESG reporting offers specific value when navigating the shift of expectations on businesses from being more focused on corporate social responsibility (CSR) to predominantly ESG-focused. CSR has been on the business radar for many years and provides a qualitative measurement of a businesses impact on society and its stakeholders. On the other hand, ESG is a way to quantifiably measure a company's impact on society and the environment, using metrics that deliver long-term stakeholder value.
More than ever, organisations are developing sustainability strategies that focus on creating value amongst a broad group of stakeholders - including employees, customers, suppliers, investors, and community groups - whilst managing their broader obligations to society and the environment. Stakeholders are also demanding companies be more and more transparent about their performance.
If I could identify the matrix in business ESG measurements it would be something like this set: -
Environmental
- Managing carbon and climate change vulnerabilities
- Water, waste, and pollution management
- Transition to a circular economy
- Renewable energy and clean technology
- Consideration of the unique rights of First Nations peoples to access, maintain and protect their lands
Social
- Human capital development
- Health and safety
- Ethical supply chain and sourcing
- Human rights
- Privacy and data security
- Community engagement, including a focus on First Nations peoples
Governance
- ESG reporting
- Risk-mitigation and management
- Board diversity
- Executive pay
- Tax transparency
- Business ethics
- Policies that enhance corporate behaviour including protection of human rights
BioIQ's ESG Priorities
Net zero emissions
Australia is on track to deliver on science-based net zero commitments, and we are set to contribute to Australia’s transition to a zero-carbon economy by 2030.
What is zero-carbon economy?
We now view waste as a commodity or asset instead of resource depletion to support a circular economy.
Thriving ecosystems and biodiversity
We are aligned with Australia’s strategy to primarily manage its native habitat for biodiversity conservation across terrestrial, aquatic, and marine environments.
BioIQ was born out of an ambition to reduce the use of synthetic chemical fertilisers and improve soil health, migrating farmers and agribusinesses to programs more sustainable and safer to use.
BioIQ is made for Farmers … Call Farm Support 1300 090 261
Robert Rushford CEO BioIQ 0447 886 547
