RE: Great start to the week for POLY19 Dec 2022 11:51
Last week some numpty was having my posts banned as OFF TOPIC when I mentioned things ESG. Given the anti-business ESG policy, along with climate change [I see no reference to Net Zero policy but not carbon references indicating future carbon border taxes may be something on his mind], and the direct q&a on this, does the numpty have anything to say and their stupidity on constantly abusing the report button when these completely pertinent points are raised?
"Work for IR
Q.: Has anything changed from the point of view of ESG in the new realities?
A.: Not in terms of the general approach to the topic. But again, there has been some rationalization from the point of view of capital-intensive projects. We analyzed what can be done, and what cannot be done in the current conditions from a practical point of view, whether it is possible to build or deliver something, and what works or does not work from an economic point of view. But the general areas and priorities are the same: industrial safety, climate, cutting greenhouse gas emissions, water recycling, that is, the transition to dry tailings storage. All these projects are being implemented.
Q.: But on the part of investors, ESG needs, as I understand it, have faded into the background.
A.: The needs of investors right now are generally pretty basic. Both the few remaining institutional investors and the sizable base of now retail investors from around the world are all interested in simple things: the company's corporate existence, dividend prospects, production, leverage. That is, downwards, towards the bottom of Maslow's hierarchy.
Although from time to time we do get enquiries from that old world: "Why has the proportion of women on your board of directors decreased? How do you plan to change this situation?" We are talking about Western institutional investors who have some kind of ESG-guidelines or minimal criteria, and they poll companies as part of their regular reviews. "