Medibank, NIB & HCF divestment job half-done

Update 27 September 2018: Medibank has confirmed that it will have completed its shift to low-carbon investments for their Australian share portfolio by 30 June 2019. NIB and HCF are still to set a date. The following was received from Medibank’s CFO yesterday: “…we were pleased to achieve our commitment … Read More

QBE to review climate risk of investments and underwriting

16 August 2018 Yesterday, volunteers from Market Forces and 350.org visited QBE’s head office in Sydney and spoke to staff about its climate change policies. QBE, Australia’s largest global insurer, is facing increasing pressure to end its support for fossil fuels. The company is an important provider of insurance to … Read More

FAR directors change their opinion about climate risk

Senegal flag

FAR, an Australian oil and gas exploration company that operates mainly in Senegal, finally accepted the importance of climate change as a business risk at their annual general meeting (AGM) today. This was in sharp contrast to last year’s AGM where the topic was not mentioned until question time, and … Read More

Embattled AMP stands firm over new climate denier chairman

10 May 2018 Acting AMP chief executive Mike Wilkins today dismissed deep concern over incoming chairman David Murray’s controversial views on climate change at the financial services company’s annual general meeting (AGM) in Melbourne.  Wilkins affirmed his backing for Murray, an outspoken climate sceptic, during a fiery question-time session in which furious shareholders grilled the board over revelations of … Read More

Big institutions back Rio Tinto resolution

2 May 2018 A resolution calling on Rio Tinto to publish the payments that it makes to groups lobbying on energy and climate policy, and to review whether such memberships are consistent with Rio’s stated support for emissions reductions, featured prominently at the company’s annual general meeting today.  The resolution … Read More

AECOM: “Like a dentist handing out candy”

It’s getting lonely for Adani in their destructive quest to build the Carmichael coal mine and railway line. Twenty-eight major banks across four continents have now stated they will not lend money to the project. Adani’s construction partner Downer EDI has walked away. Most recently, Aurizon, Australia’s most experienced coal … Read More

NAB boosts renewables, but fails to limit fossil fuel funding

The release of NAB’s 2017 Sustainability Report has rung alarm bells over whether the bank is serious about matching their positive rhetoric on climate change with action, failing to deliver any policy, plan or commitment to curb its escalating fossil fuel exposure. In 2016, NAB’s sustainability report said that addressing … Read More

Fortescue avoids tough questions on climate

9 November 2017 Yesterday Fortescue Metals Group failed to give a clear time frame for implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). As one of Australia’s major energy users, Fortescue must demonstrate how it plans to deal with both the physical and transitional risks associated … Read More

Put Bank of Queensland on notice

Use the form below to tell Bank of Queensland to ditch fossil fuels, or risk losing you as a customer. Select your bank*Bank of QueenslandName* First Last Email* Postcode* Phone Number Your messageTo Bank of Queensland, I believe in protecting and improving our natural environment and as a customer, I … Read More