| Macquarie flaunts green credentials |
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| Written by By Peter-John Lewis Editor Australian Banking and Finance | ||||||||
| Thursday, 14 June 2007 | ||||||||
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Macquarie Bank managing director Allan Moss argues that corporate social responsibility broadly – and working to alleviate climate change specifically – is fundamental to the Macquarie Bank business. “Corporate social responsibility is not just an ‘add-on’ for Macquarie. It is our fundamental belief that we should be contributing in a really positive way to the communities of which we are a part,” Moss told the audience at a lecture in Sydney that was hosted by Australian Banking & Finance magazine and hosted by Cisco. He suggested that working to alleviate climate change is a key component of this responsibility. “We have bank-wide environmental risk policies and every new business proposal is required to consider environmental risk,” he said. “Our real estate business is an industry leader in sustainability practices. Before we acquire a building, one of the first things we do is to look at how we might save energy in that building. And we are prepared to invest for the long term, because we believe this is only going to get more and more important. Likewise, in financing mine operations, environmental assessments are fundamental.” Moss said that Macquarie’s general approach in business is to focus on where the bank can add special value, and that this philosophy is particularly applicable to the challenge of corporate responsibility and climate change. “Some of the areas in which we believe we can make a special contribution are in renewable energy. We are quite active in wind farms and in energy from land-fill gas. We have also begun initiatives in emissions trading,” Moss said.  Quote this article on your site | Views: 1626
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