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Future Business Voice

Welcome to the November 2016 Edition

As the Paris Climate Agreement enters into force this month we are keeping a keen eye on the significant innovation and growth opportunities this historic agreement will create for business across Australia.
 
In related news, this month we officially launched a groundbreaking legal opinion on climate change and directors duties jointly commissioned by the Future Business Council and the Centre for Policy Development. The legal opinion, written by top barristers Noel Hutley SC and Sebastian Hartford Davis, and lawyers, MinterEllison, brought into clear focus the critical need for company directors to actively consider climate change risks, take appropriate actions, and disclose and report on these risks to shareholders in order to meet certain duties as directors under Australian law.  The advice was the subject of a high level roundtable attended by over 30 business, regulatory and legal leaders. The advice is now available online and has been reported on widely across the business press in The Australian, AFR, The Age and SMH.
 
The Future Business Council is also proud to have been nominated as a finalist for the Melbourne Awards  for our pioneering work The Next Boom. We’d like to thank all our members as this recognition is testament to leadership and vision of the local business community.

We are also excited announce the inaugural Monash Business School and Future Business Council MBA Scholarship. Applications are now open so get in quick!

Finally, as the wave of global discontent with inequality rises it is clear that there has never has there been a more important time for business lead the push for a fairer, more just society by working with government, academia and the community to collectively navigate the changing world.

I encourage all business leaders who are embracing the opportunities of this century to join the Future Business Council as we drive the transition to a more innovative, sustainable and fair economy.

Existing business groups aren't addressing the risks or seizing the opportunities. We do, and we are committed to accelerating the growth of companies that do too.

We hope you enjoy this edition,  and remember you can stay up to date with the latest news by following us on LinkedIn, Facebook or Twitter.               

- Tom Quinn, CEO
  Future Business Council

Ask us about becoming a member

New Legal Opinion: Fiduciary Duties & Climate Change

The advice is unequivocal, Australian directors can, should and increasingly must consider the impacts of climate change on their companies. Our ground-breaking legal analysis jointly commissioned with the Centre for Policy Development on Fiduciary Duties and Climate Change produced by barristers, Noel Hutley SC & Sebastian Hartford-Davis with instruction from MinterEllison Lawyers is now public.

The legal opinion outlines the critical importance for boards to consider and disclose the impacts of climate change and the transition to a low carbon economy on their business to mitigate the risk of individual director liability.

Download your copy of the report via the link below.
The legal opinion is now available for download. Please contact us if you would like to support the next stages of the fiduciary duties initiative.

WNR Systems: Member Feature

WNR Systems is an Australian company on the cutting edge of infrastructure innovation and are set to revolutionize the future of piping. Click through to read more about their unique on-site 3D pipe printing technology that is reducing the cost and impacts of pipe laying by up to a third of traditional techniques. A technology to watch especially those in the water, agriculture and infrastructure sectors.
 

Sustainable Development Goals can take us to the finish

The Sustainable Development Goals represent a step change in the global approach to building a better future but many companies don’t know where to start. In this edition’s guest blog, Molly Harris-Olson, CEO of Fairtrade ANZ, shares how partnering with Fairtrade, companies can help eliminate exploitation from supply chains and demonstrate real progress towards achieving the SDG goals.

Molly and the FBC will be sharing how business can help achieve the SDGs at the Sustainable Development Goals Conference later this month.

The new Monash Business School & FBC MBA Scholarship

We are proud to announce that applications are now open for the inaugural Monash Business School and Future Business Council “Leadership in Executive Education” Scholarship. The Scholarship valued at $16,000, will be awarded to a student demonstrating substantial leadership potential and will include the unique opportunity of serving on the FBC board.

We applaud the leadership of Monash Business School for making it a reality. Click through apply and hear Richard Hall, Deputy Dean, Leadership and Executive Education, share why the Monash Business School is committed to supporting innovative, sustainable and resilient businesses that will define our future economy.
 

The Melbourne Awards

The Future Business Council has been nominated for a Melbourne Award for our work showcasing the multi-trillion dollar surge in demand for sustainable goods and services through our report The Next Boom and the pioneering work we have been undertaking to connect the business and academic community.

Our Director, David Singleton, and Nina Greig-Towers (pictured above) the driving force behind our social media channels, represented the FBC on the night. Our congratulations to Market Forces for picking up top gong on the night.

Paris Climate Agreement Enters into Force:
What now for business?

The Paris Climate Agreement has now been ratified less than 12 months after the deal was brokered. This is record time (the Kyoto Protocol by contast took 8 years to enter into force) and the impacts are likely to take business by surprise unless quick action is taken to capture the opportunities.

Find out about the likely impacts in our member resource, The Paris Climate Agreement: What does it mean for business? for your quick reference guide to the opportunities stemming from this historic agreement.  
 

FBC in the news

FBC Vision Setting

We’ve been lucky to share the success stories of our members and the opportunity for Australia to become a future business leader at variety of conferences over the past couple of months. We been discussing everything from the renewable power boom at the All Energy 2016, to the surge in consumer demand for better business at the Ethical Enterprise Conference, and showcasing the innovation need and potential in our agriculture and food sector at multiple events.

Stay tuned too as later this month will be exploring the role business can play in achieving the Sustainable Development Goals in Sydney. Contact us if you are looking for perspectives from the leading edge of business at your next event.

Thanks for reading. Follow us on LinkedIn, Facebook or Twitter for the latest news.

We are always looking to share the great news stories from our members. Please contact us if you would like your company or latest innovation profiled in the next newsletter or to share your feedback.

Not a member yet? Contact our team to discuss our member benefits today. If you have joint project ideas or would like to chat about how you can get involved please don't hesitate to contact us.

- The Future Business Council team.

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