Meeting Paris Agreement goals is not a matter for ASX board

4 October 2018  With its high proportion of coal and gas producers, the ASX All Australian 50 index has been rated the most exposed market to potential stranded [fossil fuel] assets. These are coal, oil and gas reserves that cannot be burnt if we want to stay well below two degrees … Read More

Take action: What is your super fund doing to manage climate risk?

You may have already heard about Mark McVeigh, a 23 year old Brisbane ecologist who is suing one of Australia’s biggest super funds, REST, over the fund’s failure to provide information about how it manages climate change risk. But REST isn’t the only super fund dragging its heels on climate … Read More

It’s about time super funds came clean on climate

By Julien Vincent, Executive director, Market Forces Sydney Morning Herald/Age, 2 August 2018.  2 August 2018 Transparency has never been superannuation industry’s strong suit. Despite super being one of the biggest investments Australians make over their lifetimes, most of us have hardly any idea what our retirement savings are invested … Read More

Support Mark’s super legal battle over climate change

Meet Mark, an ordinary 23 year old from Brisbane who is taking an extraordinary action that could have a big climate impact… Mark won’t be able to access his super for nearly 40 years. That’s a long time for the impacts of climate change to hit hard. So Mark needs … Read More

Did your super fund vote for climate action?

You may have seen our recent research revealing that the vast majority of Australia’s biggest super funds are regularly voting against climate action at the companies they invest in. Well, super funds were given the opportunity to turn this trend around at three recent annual general meetings. Use the form … Read More

BHP stands by climate-wrecking MCA

Protestors against BHP

Melbourne, 16 November 2017 Yesterday’s BHP Billiton Annual General Meeting in Melbourne was notable for protests outside, and unhappy shareholders inside, who questioned the company’s record on climate change, its relationship with indigenous peoples and its response to the Samarco dam disaster in 2015. BHP is Australia’s largest diversified mining … Read More

Legal opinion: Fund trustees should consider climate risk

1 August 2017 Market Forces has released a new legal opinion on the extent to which Australian law requires superannuation trustees to consider climate change risks when managing portfolios on behalf of their members. Commissioned by Market Forces, the memorandum of opinion, Superannuation Trustee Duties and Climate Change Risk, was provided … Read More