Telstra leads ASX push on 'nature positive' practices as Plibersek promises data
Major companies including Telstra and Blackmores have outlined how they are measuring their impacts on nature, as the federal government announced plans for more data on the country's natural reserves.
Australian companies including Telstra, Blackmores and Brambles are beginning to understand and quantify their nature risks and dependencies and their ultimate financial impacts, using newly available Nature Positive metrics.
Company boards are beginning to prioritise nature and biodiversity exercises, often as a subset of climate targets and reporting, although their advisers say more education is needed for companies to take the first step in adopting reporting frameworks.
The corporate sector’s progress was highlighted at the Nature Positive Summit held in Sydney on Tuesday, with Telstra group general counsel Lyndall Stoyles outlining the telco’s exposure and dependencies on nature through its network of physical telecom towers and fibre cables, and the steps the organisation has taken to better understand this dependency and the risks and opportunities stemming from it.
“What we provide is connectivity. And within that you’ve got physical assets, like 20,000 mobile towers right around the country in protected and remote areas, and a fibre network that connects all of those locations," Stoyles told the summit..
