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Working collaboratively to promote sustainable practice across the legal sector
Targeted regulatory action is being developed by the Australian Government through establishment of a Modern Slavery in Supply Chains Reporting Requirement. This is likely to require entities operating in Australia with a total annual revenue threshold of between $50-$100M to report annually on their efforts to address modern slavery in their operations and supply chains. Reporting requirements could start as early as November 2018 and depending on the final revenue threshold that is determined, may affect AusLSA Members.
Click on the AFEI icon for more information, or CLICK HERE for another article from ProBono Australia about this. Links to other working documents can be found HERE.
The lawyer statistics, as published by the Victorian Legal Services Board as at 28 February, shows that the gender balance of lawyers in Victoria now shows (for the first time in history), a gender balance in favour of women. While the difference is slight (38 female lawyers), Lawyers weekly report that this gradual shift of demographics has occurred over the past decade or so, with the gender 'balancing' of women growing by 3% annual, double the rates of males. The trend is being observed nationally, however the NSW Law Society still notes that firms need to increase their efforts to ensure that women are more prominent in leadership positions.
In 2011 just under 20% of US S&P 500 Companies undertook Sustainability Reporting. In 2017, just under 20% of the same Companies DID NOT undertake reporting, effectively reversing the reporting trend over a six-year period. Analysts observe that this enhanced and expanded corporate disclosure and structured reporting underscores the importance of considering ESG issues when planning growth strategies and communicating results to stakeholders. AusLSA reporting members should consider themselves leading edge, and in good corporate company!. Click on the image for the report.
PWC have become the first Australian professional services firm to disclose their partnership gender pay gap - a like for like role gap of zero percent and a gap of 16 percent overall. They further stated that the firm-wide gender pay gap on a like for like role basis is 0.3 percent.
Providing transparency around diversity is one of the ways they can address this key challenge and this, coupled with some additional key targets in their diversity and inclusivity program, will ensure that they can create a workforce where everyone can reach their full potential.
Click on the PWC image to see their press release.
A strong workplace giving program assists with staff attraction and retention and can lead to higher productivity and motivation.
Many of our member firms already have a Workplace Giving program in place, but if you need to find out more, register for one of the OneMillionDonors Workplace Giving seminars.
5 April in Sydney, 10 April in Melbourne. Click on the graphic on the left to register.
The president of the NSW Bar Association, Arthur Moses SC has said that "equality and diversity is important for the sustainability of the NSW Bar", however there was more work to do.
In an article published by Lawyers Weekly, Mr Moses stated that there were "no drawbacks to promoting role models for women" and that the bar be "more representative of the community it served".
CLICK HERE to see the article.
The World Business Council for Sustainable Development (WBCSD) and the Climate Disclosure Standards Board (CDSB) have produced a report that shows that over the past 25 years, environmental aspects have been the most widely reported sustainability topics, where social and governance has been the least.
Over the past years, however, the combined number of mandatory and voluntary reporting requirements have significantly increased to include more social and governance issues, underscoring that such issues are rising in importance for community and business.
Download the report HERE
AusLSA will provide 'Spotlight' news blogs on companies who are excelling in driving their sustainable procurement practices
Bridgestone Corporation (Bridgestone), the world’s largest tire and rubber company, have announced a new Global Sustainable Procurement Policy to help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry. There is a wealth of information on their website that you might use as a roadmap. Click on the logo above.
The Carlsberg Group have announced their 'Together Towards Zero' program, which aims for zero carbon footprint, zero water waste, zero irresponsible drinking and zero accidents culture by 2030. The program is a response to increasing consumer demands for sustainable products in a time of global challenges such as climate change, water scarcity and public health issues.
Together Towards Zero is aligned with the UN Sustainable Development Goals and suggests reductions which go beyond the base level agreement set in the Paris Accord. Click on the image on the left for a good description of the program and how they have aligned the UN SDGs. At AusLSA, we can't tell you to switch beers, but hey...
A recent YouGov study has found that 87% of Australians think businesses have a responsibility to do social good, suggesting that CSR remains an important consideration. Interestingly, 58% thought that businesses should ensure that their supply chain does not harm the environment, highlighting the need for rigour in our procurement practices.
A high number of respondents also indicated that they would be more likely to use or recommend businesses that gave to charity, or undertook volunteer or pro bono work. At AusLSA, we think that this demonstrates the value of reporting beyond our environmental impacts only.
Click HERE to see the report.
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