Why it matters: Boral is one of Australia’s biggest suppliers of cement, gravel and asphalt.
Chairman Ryan Stokes says a carbon border adjustment mechanism is needed to stop “carbon leakage” to Asian cement groups who do not have to comply with emissions targets.
Cement and asphalt group Boral, which has been pressured by some investment funds after dialling back its 2025 carbon emissions targets, averted a strike at its annual meeting on Thursday.
Proxies cast against the remuneration report reached 10.2 per cent, short of the 25 per cent threshold for a first strike.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
