[x_image type="circle"...
Banks
Our achievements and highlights of 2015
2015 was a monumental year for campaigning to get finance and investment away from fossil fuels. Check out some of our wins and highlights of the year! [cs_row style="margin: 0px auto; padding: 0px; "...
2015: coal loses, community wins.
21 December 2015 The global coal industry stumbled into 2015 looking pretty peaky. Analysts across the finance sector were increasingly using terms like “structural decline” to describe its state and its future, while the spin-meisters spent a fortune hitting back...
Westpac commits to action for “below 2 degrees”
11 December 2015 Westpac has today made a commitment to operate in line with an economy that limits global warming to below two degrees! CEO Brian Hartzer said to hundreds of shareholders in Sydney: Westpac is committed to operating, both directly and indirectly, in a...
Commbank’s climate credentials don’t make it through Paris
7 December 2015 Well that was short lived! A month ago we were celebrating Commonwealth Bank's new Group Environment Policy committing the bank to the goal of limiting global warming to less than two degrees. For a moment, it looked like Commbank really got the issue...
How does Westpac measure up on climate?
2 December 2015 We're in a time of year usually defined by the United Nations climate change negotiations, currently underway in Paris. But we're also in the middle of annual general meeting (AGM) season for Australia's big banks, and a parade of glossy brochures and...
Media Release: Australia’s big four banks commit to 2 degree global warming goal – but which ones mean real action?
5 November 2015 Market Forces have today welcomed announcements from Commonwealth Bank and NAB that acknowledge the need to limit global warming to less than two degrees, calling on the banks to back up their statements with action that matches this ambition. The...
ANZ climate change policy leaves open the door for real leadership
6 October 2015 Market Forces is reacting to news this morning of a new set of commitments on ANZ regarding climate change and coal investments. "When it comes to leadership on climate change, the podium remains empty, and in desperate need of a bank to step up", said...
Fossil fuel lending in 2015 – The story so far
1 October 2015 As the banks’ AGMs rapidly approach, we thought it would be useful to check in with our latest research and see what stories have come out of the fossil fuel lending numbers so far this year. All data quoted below is taken from our research into fossil...
Big banks need to update their fossil fuel policies
15 September 2015 An article written by Clancy Yeates in yesterday’s Sydney Morning Herald highlighted the significant financial and reputational risks that fossil fuel assets pose to banks, and questioned whether NAB and CommBank’s recent moves to distance themselves...