Which super fund did you leave?

If you’re a member of a super fund that doesn’t invest in fossil fuels, you’ve already taken action to align your money with your values. But there’s one more thing you can do to have maximum impact. We’re collecting information about how many members have switched out of their super … Read More

Super funds still obstructing climate action

Over the past few weeks, your super fund has had the opportunity to vote, on your behalf, for real climate action from two of Australia’s biggest carbon polluters: AGL and Origin. But we know many super funds failed to take this opportunity, and instead supported these companies’ plans to keep … Read More

Super funds back Origin’s smoke and mirrors climate plan

16 October 2019 Origin Energy’s annual general meeting today was dominated by shareholder and community concerns over the climate, environmental and social impacts of the company’s dirty fossil fuel operations and plans. That’s not surprising given Origin is one of Australia’s biggest greenhouse gas polluters and has plans to prolong … Read More

Take action – Call out Cbus’ climate hypocrisy

With millions of people around the world taking to the streets to call for urgent action to halt the climate crisis, Cbus has proved itself a massive climate hypocrite. At AGL’s annual general meeting, Cbus voted against a shareholder proposal that asked Australia’s biggest carbon polluter to reduce its emissions … Read More

AGL shareholders demand coal plant closure

19 September 2019 AGL shareholders today sent a strong message to Australia’s biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate change-related shareholder proposal received more than 20% … Read More

Our super funds can help sway climate-change targets

18 September 2019 Market Forces in the Media: Op-ed in the Sydney Morning Herald by Julien Vincent, Executive Director, Market Forces It was one of the loudest signals yet that Australian superannuation funds wanted strong action on climate change. Ahead of this year’s G20 meeting in Japan, the likes of … Read More

Norwegian sovereign wealth fund pulls $3 billion out of AGL, BHP and South32

The Norwegian government’s decision to tighten the Government Pension Fund Global’s (GPFG) coal exclusion criteria will see the world’s richest sovereign wealth fund withdraw a combined AU$3 billion from AGL, BHP and South32. The announcement comes at a particularly bad time for AGL, just days after the company’s share price … Read More

Rio Tinto investors baulk at climate risk management

9 May 2019 The vast majority of Rio Tinto’s investors – which includes just about every super fund in Australia – today failed to ensure the company acts to manage down its exposure to climate change risk. A Market Forces-coordinated shareholder resolution was put to Rio Tinto’s annual general meeting … Read More

Tell your super fund: Vote for climate action!

April 2019 Through your retirement savings, you can have a say in how many Australian companies are run. Tell your super fund to vote for climate action from corporate Australia. Market Forces has worked with shareholders to put climate action on the agenda at three major Australian company meetings coming … Read More

Out of line, out of time

With devastating impacts of climate change already being felt around the world, the need to act has never been more urgent. But 22 of Australia’s biggest companies are dragging us in completely the wrong direction, pursuing new fossil fuel projects and basing their business plans on the failure of the … Read More