what is the Corporate Governance and Corporate Social Responsibility for IGO??
Can I get a short analysis like this or any hints plz??
Corporate Governance and Corporate Social Responsibility Corporate Governance Based on the ASX principles of corporate governance guidelines, BHP's corporate governance is overall very highly rated - 4.58 out of 5 (Appendix 11). BHP has clearly distinguished the roles and responsibilities of the board and the management, with 11 directors from highly diversified backgrounds. However, only 0.03% of total shares are owned by the directors and management. This results in concern regarding management's commitment to acting in the shareholder's best interests during when the company is experiencing high pressure, thus conflicting with ASX principles two and six (Appendix 11). Conflicts within ASX principle three also exists, regarding BHP's stance on climate change contrasting with the views of its industry partners (Appendix 11). BHP continues to have a strongly supported remuneration policy by its shareholders via AGM vote (97.4% 'for'), wherein BHP targets a long-term success strategy aiming to align management and shareholder interest to its charter values. BHP is on the road to achieving gender balance across the business and the Board by FY2025 with an increase of 2.9% of women in the workforce in FY2017; slightly under management's goal of reaching a 3% year on year increase in representation of female employees around the business. BHP's emphasis on social and commercial benefit regarding gender balance continues to yield positive results. During the past three years, BHP's most inclusive and gender diverse operations have outperformed on average regarding lower injury rates, adherence to work plans, and meeting production targets. Relative to its peers, BHP is tied amongst peers for the highest gender diversification rate, complemented with an above average ESG score of 65 by RobecoSAM who lists BHP as number 1 on the Dow Jones Sustainability Index (Appendix 12). BHP continues to steadily increase in ESG score (RobecoAM; Bloomberg), reinforcing that BHP places great importance on ESG and its ability to offer shareholders long-term performance advantages. Corporate Social Responsibility FY2017 marked the end of BHP's sustainability target period from FY2013-FY2017, where BHP managed to meet 11 out of 12 targets across safety, health, community, climate change, and environment (Appendix 13). By making short-term 4 year sustainability goals, BHP is able to remain consistent with the current needs of stakeholders, the community, and current environmental issues. BHP's FY2018-FY2022 sustainability targets build upon the successes and discoveries of its previous target period, maintaining consistency with the goals of the United Nations' Sustainable Development Goals (SDGs) and the Paris Agreement. Corporate Governance and Corporate Social Responsibility Corporate Governance Based on the ASX principles of corporate governance guidelines, BHP's corporate governance is overall very highly rated - 4.58 out of 5 (Appendix 11). BHP has clearly distinguished the roles and responsibilities of the board and the management, with 11 directors from highly diversified backgrounds. However, only 0.03% of total shares are owned by the directors and management. This results in concern regarding management's commitment to acting in the shareholder's best interests during when the company is experiencing high pressure, thus conflicting with ASX principles two and six (Appendix 11). Conflicts within ASX principle three also exists, regarding BHP's stance on climate change contrasting with the views of its industry partners (Appendix 11). BHP continues to have a strongly supported remuneration policy by its shareholders via AGM vote (97.4% 'for'), wherein BHP targets a long-term success strategy aiming to align management and shareholder interest to its charter values. BHP is on the road to achieving gender balance across the business and the Board by FY2025 with an increase of 2.9% of women in the workforce in FY2017; slightly under management's goal of reaching a 3% year on year increase in representation of female employees around the business. BHP's emphasis on social and commercial benefit regarding gender balance continues to yield positive results. During the past three years, BHP's most inclusive and gender diverse operations have outperformed on average regarding lower injury rates, adherence to work plans, and meeting production targets. Relative to its peers, BHP is tied amongst peers for the highest gender diversification rate, complemented with an above average ESG score of 65 by RobecoSAM who lists BHP as number 1 on the Dow Jones Sustainability Index (Appendix 12). BHP continues to steadily increase in ESG score (RobecoAM; Bloomberg), reinforcing that BHP places great importance on ESG and its ability to offer shareholders long-term performance advantages. Corporate Social Responsibility FY2017 marked the end of BHP's sustainability target period from FY2013-FY2017, where BHP managed to meet 11 out of 12 targets across safety, health, community, climate change, and environment (Appendix 13). By making short-term 4 year sustainability goals, BHP is able to remain consistent with the current needs of stakeholders, the community, and current environmental issues. BHP's FY2018-FY2022 sustainability targets build upon the successes and discoveries of its previous target period, maintaining consistency with the goals of the United Nations' Sustainable Development Goals (SDGs) and the Paris Agreement
