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Sustainability will boost export bottom line

Sustainability will boost export bottom line article image
Investing in sustainable practices will boost businesses' bottom lines, according to Austrade chief economist Tim Harcourt. He believes that just as exporters have seen growth and profitability by raising wages and implementing good employment practices, businesses that adopt sustainability will see a benefit to their balance sheet as well. "Sustainable business approaches are what the community expects and what investors want," he said. "Australia has done well in the global financial crisis, as we’ve stuck to our guns as an open economy. Now the next challenge will be to ensure Australian industry is globally engaged and environmentally sustainable." Austrade’s trade commissioner for Malaysia Garth Taylor highlighted opportunities for Australian companies in the ASEAN nations: "Nine out of ten ASEAN countries are signatories to the Kyoto Protocol and each is implementing significant emissions reduction and clean energy projects with considerable support from multilateral entities such as the World Bank and the Asian Development Bank." Tim Harcourt will be moderating a session on 'Australian and international business leaders - business action on climate change and the carbon market' at the Gold Coast's Carbon Market Expo this afternoon.

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