As my Chanticleer colleague, Anthony Macdonald, likes to say, it’s never the E in ESG that plunges a company into crisis, but the S and the G.

Who’s the last CEO to lose their job for an environmental disaster in Australia? But every single corporate mess of the past decade – the banks in the royal commission, the casino companies, PwC, Qantas, and now WiseTech and Mineral Resources – has come down to either a loss of social licence, a failing of governance, or both.