The Creative Class

Why “less is more” may be the trick on ESG

By Paul Eastwood, Managing Partner of Argon & Co As pressure builds around climate action and ESG performance, organisations are feeling the heat. Regulators, investors, customers, and employees are demanding more transparency, faster progress, and deeper commitments. And in a world increasingly flooded with ESG frameworks, standards, and compliance checklists, the instinctive response can be to launch a flurry of initiatives across carbon, diversity, packaging, and human rights. To launch long lists of actions to meet multiple compliance requirements, satisfy different stakeholder groups, follow perceived best practices… But trying to do everything at once rarely delivers the desired impact. This is especially the case for mid-sized organisations, which often lack the dedicated ESG teams or specialised systems to manage the growing volume of expectations. Instead of improved ESG outcomes, doing too much can often lead to fragmented efforts, limited return on investment, and internal fatigue. Teams become overburdened. Leadership loses visibility. The pace of progress slows. Accountability is diluted. And so, even if it may feel counterintuitive, there’s actually a growing case for doing less when it comes to ESG, in order to gain more. Because by narrowing focus to the ESG areas that matter most, organisations can align sustainability with business priorities and deliver outcomes that are clear, credible, and lasting. This is often both more manageable, and also more effective. So how exactly can organisations identify a smaller set of high-impact areas in which to direct ESG efforts that align with business relevance, operational capability, and stakeholder value? What moves the needle, matters The trick is to remember that not all ESG initiatives are created equal. The Pareto Principle – the idea that 20 percent of efforts drive 80 percent of results – dictates that a handful of well-chosen actions can deliver the lion’s share of impact. This […]

Would a corporate tax cut boost productivity in Australia?

Isaac Gross, Lecturer in Economics, Monash University The first term of the Albanese government was defined by its fight against inflation, but the second looks like it will be defined by a need to kick start Australia’s sluggish productivity growth. Productivity is essentially the art of earning more while working less and is critical for driving our standard of living higher. The Productivity Commission, tasked with figuring out how to get Australia’s sluggish productivity back on track, is pushing hard for corporate tax cuts as a key part of their plan for building a “dynamic and resilient economy”. The idea? Lower taxes will attract more foreign investment, get businesses spending again and eventually boost workers’ productivity. Commission chair, Danielle Wood, said last week while the commission wanted to create more investment opportunities, it was aware this would hit the budget bottom line: So we’re looking at ways to spur investment while finding other ways we might be able to pick up revenue in the system. The general company tax rate is currently 30% for large firms, and there’s a reduced rate of 25% for smaller companies with an overall turnover of less than A$50 million. What the textbooks and other countries tell us The Productivity Commission’s theory makes sense: if you make capital cheaper and you should get more of it flowing in. A larger stock of capital means there is more to invest in Australian workers. This should make us more productive and help boost workers’ wages. And looking overseas, the evidence mostly backs this up. A meta-analysis of 25 studies covering the US, UK, Japan, France, Germany, Canada, Netherlands, Sweden, Italy, Switzerland, Denmark, Portugal and Finland found every percentage point you slice off the corporate tax rate brings in about 3.3% more foreign direct investment. Other research shows multinational companies really do move their operations […]

ON Accelerate 9 showcases national innovation potential in deep tech

CSIRO, Australia’s national science agency, celebrated the progress and achievements of its latest ON Accelerate cohort at a showcase in Melbourne yesterday. ON Accelerate tackles the barriers that hold deep tech research back, fast-tracking breakthrough ideas into real-world applications and market-ready ventures. The showcase highlighted the incredible strides made by the 11 deep tech teams since the three-month program began in April. Each team was selected for their groundbreaking solutions and ideas at the cutting edge of technology, including drug development, healthcare delivery and sustainability. The ON Accelerate 9 cohort has collectively reached several key milestones, including over $33.8 million in grant funding and capital investment, demonstrating their potential to address critical market needs and drive financial progress. Each of the 11 teams achieved technology validation through the program, with their accomplishments ranging from advancing novel medical treatments and diagnostic tools to developing sustainable industrial solutions. Dr Jen Taylor, Executive Director of Future Industries at CSIRO, highlighted the impact of this year’s cohort in industries vital to Australia’s future, including biotech and healthcare innovation. “We’re incredibly proud to support the next wave of Australian researchers endeavouring to solve society’s most critical challenges,” Dr Taylor said. “Establishing connections with the broader innovation ecosystem, including mentors, investors and customers, is crucial for success, yet no easy feat, and continues to be a key barrier impacting Australian research translation. “We’re committed to breaking down these barriers and unlocking pathways for success, ensuring this cohort continues on its impressive growth trajectory to boost Australia’s global research competitiveness and contribute to future economic growth.” Dr Brennan Mills of I-VADE, from Edith Cowan University, was announced as the ON Accelerate 9 recipient of the esteemed 2025 Stanford Australia Foundation Hawkins Ueland & CSIRO ON scholarship. The scholarship offers an ON Accelerate alum the opportunity to […]

Riviera awarded Apprenticeships Leadership Medal

Riviera, Australia’s largest and most awarded luxury motor yacht builder, is proud to announce it has been recognised with the prestigious Australian Apprenticeships Leadership Medal 2025. The honour was awarded to Riviera’s Apprentice and Training Manager, Keira Badke, at the inaugural Manufacturing Industries Group Apprenticeship Scheme (MIGAS) Apprentices & Trainees Stakeholder Event, held in Brisbane during National Apprenticeship Week. This accolade acknowledges Riviera’s commitment to training and mentoring the next generation of marine industry professionals – a commitment that is embedded in the company’s DNA and exemplified with the opening of The Riviera Academy of Excellence. In January 2024, Riviera launched its Academy of Excellence, a 680-square-metre, purpose-built training centre. The Academy houses two fully operational workshops, dual learning hubs, a dedicated drafting room, offices, and meeting spaces. It currently supports 128 apprentices, who are mentored by some of Australia’s most skilled boatbuilders, marine engineers, electricians, and upholsterers. “Never stop learning; never see work as a dirty word; never stop believing in yourself” – these powerful words, displayed prominently on the walls of the Academy, echo the philosophy of Riviera owner Rodney Longhurst, who began his career as a carpenter and joinery apprentice. His personal journey – from apprentice to owner of one of the world’s leading luxury yacht builders – serves as daily inspiration for all at Riviera. “They really are the master craftsmen and women of the future and from their very first day with Riviera we want our apprentices to know that we will do all we can to help them be the best they can be,” Keira Badke says. Beyond technical training, apprentices also participate in the Riviera Propel Program, which equips them with life skills, including personal growth, financial literacy, responsibility and teamwork – fostering success in all aspects of their life. “Our tremendous investment […]

Australia and Japan’s top engineers show the way for a renewable hydrogen sector

Australia and Japan’s joint technological expertise can lead the way in international clean energy, according to a joint report focussing on hydrogen, released today. This partnership will lead to new jobs, cleaner industry, and economic benefits for both nations.The Australian Academy of Technological Sciences and Engineering (ATSE) and The Engineering Academy of Japan (EAJ), led by its Emerging Research Leaders Exchange Programme (ERLEP), launched their joint report ‘The Australia-Japan renewable hydrogen value chain’, at an event today in Osaka during World Expo 2025. ATSE and the EAJ have brought together Fellows from both Academies to shine a light on our shared potential. The report outlines hydrogen’s emerging role as a clean fuel with potential across two nations’ economies – in construction, manufacturing, agriculture and fertilisers, and chemical production. It articulates the steps necessary to most expediently produce, transport, store, and use millions of tonnes of green hydrogen across Australia and Japan. Fuelled by abundant and cheap Australian renewable energy using technologies leveraging Japanese and Australian inventions, green hydrogen is primed to become a critical industry and trade focus in the Asia-Pacific by 2050. Acting as a carrier of energy and a clean, highly useful chemical input, green hydrogen can also set up other sectors for success, including steelmaking and fertiliser manufacturing. ATSE CEO Kylie Walker said, “Achieving this potential requires a sustained focus on skills, infrastructure and financing. Japanese and Australian innovation, working together in partnership, are a force to be reckoned with. Today’s report lays out how retrained personnel from existing energy industries could add to their existing knowledge and fill the critical hydrogen roles of the future.” EAJ Chair of International Affairs Yuko Harayama said, “Japan and Australia are perfect partners for exploring the complementarity and synergy in their expertise in renewable hydrogen. The key would be to bring together stakeholders from industry and academia from […]

Spirit Marine appointed distribution partner for Sunpower Yachts

Leading Queensland boat dealer Spirit Marine has been appointed the exclusive distributor for solar electric yacht company Sunpower Yachts. This partnership will see Spirit Marine promote Sunpower and its range of Solar e-Cruiser, Solar e-Sail, Solar e-Poweryachts, Solar e-Superyachts exclusively to the Queensland market. Following its recent acquisition of Alva Yachts GmBH, Australian-owned Sunpower is now the world’s largest solar electric yacht company. For Spirit Marine founder Peter Nicholson this announcement marks a personal milestone for himself and the brokerage as he has long been a passionate advocate for Sunpower’s combination of craftsmanship and technology. “Sunpower is at the forefront of solar electric yachting, consistently setting a benchmark in efficiency, performance, comfort and environmental responsibility, whilst still producing sleekly designed vessels,” said Mr Nicholson. “Following its recent acquisition of Alva Yachts GmBH, the firm is well-positioned to build on its existing reputation as a leader in the luxury eco-yacht market. This combination of cutting-edge technology, performance and luxury is why Spirit Marine is so excited about this announcement as we see this having the potential to become one of the country’s leading boating brands.” Spirit Marine is a leading Australian bespoke boat dealer with operations spanning Queensland, and is Beneteau’s Queensland partner for their outboard power and sailboat ranges – including the highly successful Antares range which targets the cruiser market. Sunpower Yachts is the global leader in solar electric yachting and has already sold 12 yachts ranging from 44ft-90ft. With the world’s largest fleet of innovative, eco-friendly vessels, they\’re setting the standard for sustainable luxury on the water. Its yachts combine cutting-edge solar technology with exceptional design, offering a seamless blend of performance, elegance, and environmental responsibility. Sunpower Yachts spokesperson Grant Hudson is looking forward to working with partners like Spirit Marine as the brand seeks to become one […]

Manufacturing training at the Central Coast Interim Skills Hub

Central Coast manufacturing leads the way in sustainable innovation

The Central Coast’s standing as one of Australia’s first certified ECO Destinations extends far beyond its beaches and bushland. A new wave of sustainable innovation is emerging from the region’s manufacturing sector, highlighted by local businesses redefining what it means to operate responsibly, with global impact. At the forefront is Signarama Tuggerah, winner of the 2024 Hunter Manufacturing Award for Excellence in Sustainable Operations. Their cutting-edge signage solutions, developed in collaboration with Spandex, HP, and Avery Dennison, debuted on the world stage at the Paris 2024 Olympic Games. The result? Recyclable, reusable signage that cut carbon emissions by 22% and met global performance standards. Powered by solar energy, using PVC-free materials and water-based inks, Signarama reduced energy use by 34% and landfill waste by 15% in just 12 months. Hunter Manufacturing Awards Chair Jacqui Daley says their pioneering work in sustainable signage was showcased on the world stage for the Australian Olympic Committee at the Paris 2024 Olympic Games. “This wasn’t just signage – it was a statement. They designed, developed and delivered world first recyclable and reusable signage solutions. The project reduced carbon emissions by 22% and proved sustainable signage can meet global performance standards.” Hunter Manufacturing Awards Board Member and Executive Director of Central Coast Industry Connect Frank Sammut believes the region is at the forefront of an industrial transformation. “The Central Coast is proving that manufacturing and sustainability are not mutually exclusive. Businesses are creating smarter, greener, globally competitive models, right here in our backyard.” Central Coast manufacturing highlights AGRANA Fruit – Central Mangrove Runs on 100% renewable electricity from wind and solar. On track to achieve zero landfill waste this year, circular packaging by 2030, and carbon neutrality by 2040. 4 Seasons Insulation – West Gosford Reduces household energy consumption through smart insulation solutions. Offers sustainable […]

Negotiate a solid global tariff deal for manufacturing

With the Albanese Government returned to power, Graeme Evans, Regional Vice President AUNZ of Epicor – a leading global business software company specialising in providing Enterprise Resource Planning (ERP) solutions, particularly for the manufacturing, distribution, and aged care industries – says that some of the first jobs to be done is to stick to the promises they made in the previous term and also negotiate a solid global tariff deal for the manufacturing and distribution industry. Graeme explains: What Does The Government Need To Do To Help The Australian Manufacturing Industry? “The Australian manufacturing industry employs around 900,000 workers but has been in steady decline over the past few years. We must plan to boost local manufacturing and safeguard the nation in being more resilient to global shocks. We know that Labor has pledged to continue funnelling more money into its Future Made in Australia plan – with investment including $1 billion in grants for supporting green iron production and $2 billion in grants to support aluminium smelters to switch to renewable electricity – which we support. “The Government must continue to invest in onshore capabilities, have robust procurement requirements in place for projects involving steel and aluminium, as well as negotiate a fair manufacturing and distribution agreement with the US. While the last few years have shown us that global make, move, sell industries are no strangers to disruption, we must find stability and move forward.” How Does The Current Tariffs Impact Manufacturing And Distribution Operations? “Tariffs increase the cost of production inputs, squeezing gross margins for manufacturers and distributors. Companies sourcing heavily from tariff-affected regions must reassess their procurement strategies. Higher costs may also alter the bill of materials, require supplier changes, and influence where production facilities are located. “With regards to the supply chain industry, the combination […]

China has moved to curb supply of critical minerals. Can Australia seize the moment?

Marina Yue Chang, Associate Professor, Technology and Innovation, University of Technology Sydney. In the escalating trade war between the United States and China, one notable exception stood out: 31 critical minerals, including rare earth elements, were strategically exempted from tariffs. This was not a gesture of goodwill. It was a tacit acknowledgment of the United States’ deep dependence on China for materials essential to its technological competitiveness, clean energy transition and national defence. Beijing’s response was swift and calculated. China’s Ministry of Commerce announced expanded export controls and a shift in pricing principles. The move reflects China’s long-standing effort to shift rare earth pricing from market supply and demand to pricing based on their strategic value. The impact was immediate. Rare earth exports from China effectively ground to a halt, as exporters awaited approvals under a new, opaque licensing regime. The announcement prompted President Trump to issue a new executive order directing a review of national security risks stemming from the US reliance on imported, processed critical minerals. As global supply chains reel from these disruptions, Australia finds itself in a unique strategic position. As a trusted US ally, it possesses the resources, partnerships and political capital to step into the breach. But can Australia seize this opportunity – or will it come with strings attached? China’s new playbook China’s latest restrictions target seven rare earths – such as dysprosium and terbium – crucial for electric vehicles, wind turbines, fighter jets and missile systems. While stopping short of a full export ban, the policy functions as a chokepoint. It leverages China’s near-total global control of rare earth refining (around 90%) and its monopoly on heavy rare earth processing (98%). Domestically, China’s rare earth sector is dominated by two state-owned giants which together control nearly 100% of national mining quotas. These measures have exposed the vulnerability of Western supply chains. The US has only one operational rare earth mine […]

Sandvik Coromant to make debut at Australian Manufacturing Week

For the first time, metal cutting and manufacturing solutions expert Sandvik Coromant will be present at Australian Manufacturing Week (AMW). Taking place May 6 to 9, 2025 at the Melbourne Exhibition and Convention Centre (MCEC), Sandvik Coromant will join its software partners, Vericut and Mastercam, to provide an advisory service to visitors looking to optimise their machine investment and tool management strategies. AMW aims to showcase the latest advancements in the manufacturing sector, bringing in over 150 exhibitors and thousands of visitors. The exhibition is split into different zones from machine tools and additive manufacturing, to manufacturing solutions and robotics and automation. Sandvik Coromant will be in the Manufacturing Solutions Zone, exhibiting from stand MS360. To give visitors a complete solution overview, Vericut and Mastercam will share the stand with Sandvik Coromant. This collaboration will provide visitors with the opportunity to explore the latest advancements in digital manufacturing, machine investment strategies and process engineering. Sandvik Coromant will have an advisory booth to consult visitors on how to optimise their current machining challenges, offering solutions for complex components and providing support for new projects. At the stand, Manufacturing Wellness, a term coined by Sandvik Coromant in 2023, will be at the forefront of discussions. The concept revolves around eight essential habits, including taking a holistic approach, reducing waste, investing in automation and benefitting from strong partners, and acts as a framework for improving operational resilience and future-proofing the manufacturing industry. Sandvik Coromant’s entire offering will be visible through interactive digital displays. The stand will demonstrate Sandvik Coromant’s CoroPlus® Tool Supply inventory software, installed into the Robocrib TX750 vending machine, a popular solution in Australia and surrounding Asia. This all-in-one tool management software is used to efficiently manage and track assets and equipment by automating the tool supply process. It uses real-time […]

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