Market Forces stands in solidarity with the people of Ukraine, who have been subjected to a brutal and illegal invasion perpetrated by the Russian military. We are also appalled that the custodians of our money, governments and financial institutions, have used...
AustralianSuper members, this is your chance to make an impact at a global scale
2 December 2021 Meet Dylan, an AustralianSuper member who is taking action to ensure the super fund giant is doing all it can to properly manage the risks climate change poses to members’ retirement savings. Supported by the team at Equity Generation Lawyers, Dylan is...
2021 HESTA Annual Member Meeting: The fund avoids climate scrutiny at all costs
1 December 2021 Executives and board members of super fund HESTA failed to address members’ concerns about the fund’s investments in companies expanding oil and gas production at its annual member meeting yesterday evening. A group of members calling themselves the...
Super funds undermining climate commitments
29 November 2021 Our super funds have had a number of critical opportunities to force companies they invest in to step up on climate action over the past couple of months. Yet our new analysis finds they’ve been squandering these opportunities by voting against...
Super fund ‘engagement’ fails to stop Woodside and BHP pressing go on Scarborough carbon bomb
23 November 2021 Late yesterday, oil and gas giant Woodside announced it had made a final investment decision to go ahead with its climate-wrecking Scarborough gas project, which includes a huge new offshore gas field (Scarborough) and a new onshore gas processing...
New legal opinion confirms super funds must manage climate risks
22 April 2021 Released today, a new legal opinion commissioned by Market Forces has confirmed super funds are legally required to understand and manage the material financial risks posed by climate change. The new legal advice from barristers Noel Hutley SC and James...
Tell your super fund: Vote for climate action
1 April 2021 Over the coming weeks, your super fund has a number of huge opportunities to demand real climate action from some of Australia’s biggest gas companies, as well as globally-significant fossil fuel financiers and developers. By investing your retirement...
Mineral Resources pursues pathway out of line with 1.5°C
The Mineral Resource board made it clear at yesterday’s annual general meeting (AGM) that they would continue to pursue dirty oil and gas development despite their peer Fortescue Metals announcing a major move into renewable energy and green hydrogen. Mineral...
BlueScope Steel lagging on emission reduction targets
BlueScope Steel, the multinational steel-making corporation, is one of Australia’s major consumers of energy. The company requires large amounts of energy to be able to create steel via its smelting, furnace and production operations and is one of the top 20 energy...
AustralianSuper’s new climate policy fails to raise the bar
17 November 2020 AustralianSuper’s new climate change policy has failed to even match, let alone improve on, the standard set by some of its big industry fund peers, disappointing members who were hoping to see the nation’s largest super fund take the lead on climate...