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

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

CalSTRS to completely divest from thermal coal, including Whitehaven

CalSTRS, the US$200 billion Californian State Teachers’ Retirement System, has announced it will divest all non-US thermal coal holdings from July 1. The commitment follows the fund’s decision to dump all US thermal coal holdings in December 2015. Here in Australia, the CalSTRS decision will see them sell off their holdings … Read More

Will your super fund vote for or against climate action?

Oil Search and Santos are two of Australia’s largest oil and gas companies – and neither is addressing the risks of climate change. Oil Search is one of the biggest companies operating in Papua New Guinea, a country already feeling the effects of climate change. Sea level rise has forced residents … Read More

IOOF deflect on climate risk

How to Switch Banks and Make it Count

24 November 2016 IOOF is an investment management and financial services company listed in the ASX 100, administering over $130 billion on behalf of its clients. The company offers retail superannuation products, which currently boast almost half a million members. Despite very limited disclosure of portfolio holdings, we know IOOF invests its … Read More

Media Release: Australians hoodwinked by superfunds over multi-million dollar executive fossil fuel exploration bonuses

Melbourne, Thursday 29 September, 2016: A new report released today by environmental finance campaigners Market Forces reveals the multi-million dollar bonuses awarded to Australian and international fossil fuel company executives for expanding reserves which are unburnable under any plausible two degree climate scenario – and the duplicity of superannuation funds … Read More