Big donating companies risk being seen as warriors for the woke

  • 📰 theage
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

Why shouldn’t taking a stand (either way) on the Voice be seen as part of a company’s environmental social governance responsibility?

A fresh round of bullets will be fired at a laundry list of big companies that were outed as contributors to the Yes campaign for the Voice to parliament. It will be the latest salvo in what has been a backlash against major companies bankrolling what are generally progressive causes.

Even more noteworthy was the absence of large listed contributors to the No campaign, which was mostly funded by individuals and their private companies. Clive Palmer was one of the largest in this category, while another was the lesser-known Simon Fenwick. He had previously given $1 million to the conservative lobby group Advance, which had concerns about COVID-19 restrictions, growing Chinese interference in Australia, and corporate hypocrisy on social values.

But for companies, especially large companies, there remains some cynicism about funding progressive social causes … They can be seen as just part of a brand fixing or marketing.But taking an active role in issues outside the corporate wheelhouse is a trend that is growing, despite the noisy detractors demanding that companies stay in their lane.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why big business would rather send uranium offshore than build nuclear plants in AustraliaThe argument to re-examine the merits of nuclear power in Australia has been countered with concerns about the high cost of building the plants. But the rising uranium price is another issue — and Australia being a major supplier doesn't guarantee cheap power, writes Ian Verrender.
Source: abcnews - 🏆 5. / 83 Read more »