NIB commits to fossil fuel divestment

1 November 2017 One of Australia’s biggest health insurers, NIB, committed to completing their divestment from fossil fuels at their annual general meeting in Sydney today, further isolating their major competitor Medibank, whose AGM is coming up on 13 November. In March 2016, NIB shifted its international share portfolio to … Read More

Investors support stronger climate risk disclosure at Origin Energy AGM

18 October 2017 A shareholder resolution coordinated by Market Forces, calling for improvements to Origin Energy’s climate risk disclosure received significant support from institutional investors, garnering 13.77% of shareholder votes, despite the board’s opposition. In dollar terms, investors holding approximately $1.8 billion in stock supported the call for greater climate … Read More

Suncorp to divest from fossil fuels?

21 September 2017 At Suncorp’s Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company’s fossil fuel exposure to an ‘immaterial’ amount over the next two years. The revelation came in response to repeated questions from shareholders about climate change, … Read More