28 July 21
Practically everyone in the world, except for gun-toting Trump supporters and the handful of old has-beens in the Australian Federal Government who undoubtedly own a lot of coal stocks, is focused on reducing carbon footprints and generally being a bit nicer about the way we do business.
We at The Yield and its publisher Spoke Corporate certainly are. We’re trying to reduce our red meat intake, driving or at least thinking about hybrid cars, and remembering to turn off the lights when we leave the room.
More importantly, many of our clients and organisations we work with are kicking major goals in their attempts to make the world a better place.
Carnarvon Petroleum is one such client, with the company making significant moves towards a renewable future. On the same day that Carnarvon told the market of its intentions for net-zero emissions by 2050, it also announced a joint venture to produce biofuels from waste biomass materials.
It’s one example of traditional energy producers not being stuck in a debate of polar opposites. The way to a cleaner, more sustainable future is a transition, not a wholesale swap of oil and gas for renewables.
Speaking of which, some of the other big sinners in the world of carbon emissions are mining companies and they too are scurrying to clean up their acts.
It’s one of the reasons ASX newcomer QMines has committed to an Australian first – to become the nation’s pioneer in net-zero gold and copper production as it progresses its Mount Chalmers project in Queensland. We spoke to Executive Chairman Andrew Sparke to get some insights into how the company aims to get there.
One way to get there – and let’s shift our focus back to the black gold for a moment – might be to repurpose what’s happening with the stuff that comes out of the ground.
That’s where another friend of The Yield, innovative materials supplier First Graphene, may be able to help.
The company has devised a nifty process to convert petroleum feedstocks to high purity graphite – or wonder material graphene if you prefer – and clean, green hydrogen using a process called cavitation chemistry.
And the best part is that not only is the process free of unwanted carbon dioxide emissions, but graphite, graphene and hydrogen are in high demand.
Among other uses, the graphite can be used in the batteries to run electric vehicles, so as demand for combustible fuels starts to decline, oil producers still have a market for their remaining oil.
We were so impressed we helped First Graphene put an animation together that provides an overview of the process.
Of course, there’s more to a company’s success than profit or climate change initiatives alone.
Shareholders, customers, current and potential employees, and stakeholders of just about any kind want to know they’re dealing with an organisation that has its head in the right ethical clouds and feet firmly planted on the sustainable ground.
That’s what Michael Watts from ToBe Advisory is all about. It’s called Triple Bottom Line Consulting, and it’s focused on helping organisations measure and report on more than just financial performance.
Like environmental performance, or people performance – those things that were once deemed “intangible” but are now being proven to have a big impact on an organisation’s overall success.
Michael gives us the lowdown.
Ok – so in spite of the headline, it’s not so much The Yield that has exercised ethical and emissional responsibility (and we know emissional is not really a word but it seemed right in the context).
But we’re pretty proud of the responsible approaches our clients and friends are taking. So we’ll support them all the way.
And we’ll keep remembering to turn out the lights and eat more sustainably.