HESTA felt the heat last week as members, health workers and concerned community members rallied outside the super fund’s Melbourne office, demanding greater action on climate change. Tell HESTA to say no to new fossil fuels Our communities are facing increasing...
Banks
Macquarie receives shareholder revolt on climate at 2025 AGM
2025 AGM result: 35.2% in favour of climate resolution The first ever climate-related shareholder resolution at Macquarie, filed by Market Forces, received significant support from shareholders with a huge 35% of shareholder votes in favour. The resolution called on...
Macquarie under fire on climate from shareholders, customers and scientists
Thursday 24 July: Customers, investors and climate scientists have joined more than 180 shareholders and Market Forces, calling on the AU$85 billion bank and financial services company, Macquarie Group, to disclose the full extent of its financing for coal, oil and...
Westpac’s new climate plan betrays scientific reality
In-short: Westpac’s new climate plan, released late last week, is a massive backpedal on its previous position and puts it more on par with perennial climate laggard, ANZ. Westpac formerly had a clear requirement for oil and gas clients to produce a 1.5°C-aligned...
Empire Energy accused of misleading investors over Australia’s biggest gas fracking
Thursday 29 May: Market Forces has filed a complaint to the Australian Securities and Investment Commission (ASIC) alleging gas fracking company Empire Energy engaged in potentially misleading and deceptive conduct in a recent capital raise presentation for investors....
Macquarie faces first ever climate-focused shareholder resolution
Wednesday 21 May: More than 180 shareholders have joined with Market Forces to call on Macquarie Group to disclose the full extent of its financing for fossil fuels and outline how the global financial services company will ensure alignment with its climate...
Macquarie’s climate credentials up in smoke
By Kyle Robertson, Senior Banks Analyst, Market Forces. Macquarie Bank has sent shockwaves around the world quietly announcing it has quit the Net Zero Banking Alliance (NZBA) this week, taking the dubious honour of being the first major Australian financial...
Retail banks in Australia ‘burning our future’: pour $74 billion into fossil fuels
Tuesday 11 February: New Market Forces analysis finds 10 retail banks in Australia committed AU $74.4 billion in finance to fossil fuel companies around the world in 2023. The new report - The Dirty Ten: Banks in Australia still backing fossil fuels - also finds that...
ANZ – Bank AGM Season 2024
ANZ held its 2024 AGM in Melbourne on the 19th of December.
27.2% of ANZ shareholder votes were cast in favour of a Market Forces resolution calling for the bank to stop financing fossil fuel companies without Paris-aligned transition plans.
Westpac – Bank AGM Season 2024
Westpac held its 2024 AGM in Sydney on the 13th of December, and faced significant shareholder backlash for its failure to bring its fossil fuel finance policy in line with its commitments to the Paris Agreement.