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19 February 2009
Today's Access Asia's Weekly Update has a time line of the Sanlu tainted milk scandal in China, which comes to several conclusions over the lack of interest in New Zealand company Fonterra's 43% investment in the doomed milk producer: i) "the international media, like many elements in the Chinese government, have no interest in stirring up the issue that would raise the culpability of western businesspeople in criminal activities in China"; and ii) "the western media can’t be bothered with the issue, and don’t consider it important". What Fonterra knew when is yet to answered, but there are allegations that it knew up to 12 months before the story broke in China, by which time there had been reported deaths and thousands of children sickened.
03 September 2008
The unlinkable Business Times reports that the International Working Group of Sovereign Wealth Funds, or IWG has reached a preliminary agreement on a set of voluntary principles to guide their investment practices and to calm fears about their motives.  The group, including Australia, New Zealand, Singapore, South Korea and China, consists of 26 of the wealthy state-owned funds, said it would present the guidelines to the International Monetary Fund's policy-setting committee on Oct 11.  The guidelines are expected to be published after the October meeting, giving governments with sovereign wealth funds (SWFs) time to consider them first.  These principles and practices will promote a clearer understanding of the institutional framework, governance, and investment operations of SWFs, thereby fostering trust and confidence in the international financial system,' the group said.  More here.
04 August 2008
When was the last time you purchased a piece of clothing that you could trace back to the sheep farm on which the wool was produced? New Zealand's Icebreaker (which makes outdoor apparel products using merino wool) lets consumers type in a baacode number that shows them where the wool came from (including a video of the sheep station of origin in New Zealand's high country - a place I cycled around many years ago and is surely one of the world's most beautiful locations) and other parts of the entire supply chain. See the baacode function here; if you haven't got an Icebreaker garment, then they will randomly generate a baacode for you to see how the system works (well worth a visit if only to see Branch Creek Station on video). You can see a video here of Icebreaker's ethical stance in the entire supply chain. This is a such a great initiative and I hope lots of people in the industry take a long look at it.
11 May 2008
Celebrity chef Gordon Ramsay has stated British restaurants should be fined if they serve fruit and vegetables not in season. He has spoken to Prime Minister Gordon Brown about outlawing out-of-season produce, arguing it would cut carbon emissions and lead to improved standards of cooking. Apart from being a hypocrite (his own restaurants "serve food from thousands of miles away"), Ramsay is also uninformed. Perhaps he should read this 2006 article [opens as pdf] from Lincoln University in New Zealand, which concluded (among other things) that the "UK uses twice as much energy per tonne of milk solids produced than NZ, even including the energy associated with transport from NZ to the UK". It would make sense, then, to air freight milk solids from NZ on the basis of food miles. Accompanying pic shows Ramsay in the British-made kitchen used as the set of his cooking show. Not. Looks like a case of if you can't make sense, stay in the kitchen... Via Tim Blair.
30 March 2008

The third New Zealand Census of Women's Participation 2008, released by the New Zealand Human Rights Commission, reveals a worrying report card for women's equality. In particular, the rate of progress for women in corporate boardrooms remains dismal and New Zealand has fallen behind Australia and the UK. Sixty top 100 companies on the New Zealand stock exchange have no women on their boards and only three top 100 companies added a woman to their boards in the past two years. Women hold only 8.65% of board directorships of the top 100 companies on the NZX with 54 female directorships held by 45 women out of a total of 624 directorships.

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