21 September 2017 At Suncorp's Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company's fossil fuel exposure to an 'immaterial' amount over the next two years. The revelation came in...
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Victoria steps up on political donations reform, now for the Feds
19 September 2017 In light of the Victorian Government’s proposed changes to political donation laws, we thought we should share our submission to the federal Joint Standing Committee on Electoral Matters, which we made on 11 September 2017. But firstly, what has the...
Melbourne Rises for the Reef: Huge Success!
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Tell the big banks: Don’t cave on dirty coal finance!
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Media Release: Shareholders move to force Commbank to manage climate risk
28 August 2017 Shareholders have lodged a first-of-its-kind resolution with Commonwealth Bank that would embed climate change risk management into its constitution. It comes a month after shareholders began court proceedings against the bank over its failure to...
Medibank losing customers due to fossil fuel investments
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Commbank out of Adani but still in deep on fossil fuels
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WIN! CommBank will not be asked to finance Adani Carmichael
11 August 2017 "We have been asked about our role in funding the Adani Carmichael mine. Whilst in general we do not comment on specific clients, we can confirm that we are not amongst the banks who have been, or will be, asked to consider this financing." That was a...
Risky Business: Majority of super funds show no consideration of climate risk
New research from Market Forces shows 82 of Australia's 100 largest superannuation funds disclose inadequate or no tangible evidence that they have considered the impact of climate risk on their investment portfolios, potentially exposing fund trustees to legal risks.
Macquarie Chairman “not aware” of TCFD’s climate risk disclosure recommendations
At today's annual general meeting in in Melbourne, Macquarie Group Chairman Peter Warne made the startling admission that he "was not familiar" with the recommendations of the Financial Stability Board’s Task Force on Climate-related Disclosures (TCFD). While the TCFD...