12 April 2021 Whitehaven Coal is one of the biggest coal mining corporations on the Australian share market and some of the world’s biggest banks, including Westpac, Credit Suisse and Deutsche Bank, played a key role in lending $1 billion to the company in 2020. ANZ and Commonwealth Bank have … Read More
Hold-out Lloyd’s insurers increasingly isolated as MS Amlin says no to Adani
8 April 2021 This week, MS Amlin, the last of the top five Lloyd’s insurers yet to commit to not insure the disastrous Adani Carmichael thermal coal project finally joined its competitors, with its CEO Johan Slabbert publishing the following statement on LinkedIn: With MS Amlin’s commitment, the only insurer … Read More
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 savings in these companies, your super fund gets a … Read More
Japan’s Largest Bank Targeted by Climate Resolution: Mitsubishi UFJ Financial Group told to align with Paris
TOKYO, Japan, March 29 2021: Japanese NGO Kiko Network, along with three individual investors, have just filed Japan’s second ever climate resolution on a Japanese financial institution, this time on Japanese megabank Mitsubishi UFJ Financial group (hereafter “MUFG”). The resolution calls on the company to adopt and disclose a plan … Read More
Sumitomo to face shareholder resolution at its AGM over climate inaction
A representative of environmental finance group Market Forces has today filed a shareholder resolution with Sumitomo Corporation, calling on it to adopt and disclose a plan outlining its business strategy to align its business with the Paris Agreement’s goal of limiting global temperature increases to 1.5 degrees Celsius. “By aiming … Read More
MS Amlin; the only top 5 Lloyd’s insurer yet to rule out the Adani Carmichael coal project.
25 March 2021 In late 2019, after being denied insurance by mainstream insurance companies, Adani was able to secure coverage for the Carmichael coal project via insurers at Lloyd’s of London. However, while it’s true that Adani Carmichael seems to have managed to scrape together sufficient insurance so far, its options … Read More
PIMCO bans Adani Ports investment, spreading Carmichael coal pain to key Adani company
23 March 2021 PIMCO, US-based investment giant which in 2020 was the biggest known boldholder in Adani Ports, has prohibited any future investment in the company and has confirmed that it did not invest in Adani Ports’ most recent bond issue in January. This is due to Adani Ports’ involvement … Read More
US$2.2 trillion investor PIMCO bans Adani Ports
22 March One of the world’s largest investors, PIMCO, has banned future investment in Adani Ports and Special Economic Zone (Adani Ports) due to the company’s role in the controversial Adani Carmichael coal project in Australia. PIMCO, which manages US$2.21 trillion, did not participate in the most recent bond issue … Read More
Adani Ports’ inclusion on Dow Jones Sustainability Index to be reviewed
19 March 2021 S&P Global has responded to a case put forward by 37 organisations by agreeing to undertake a review into the inclusion of Adani Ports and Special Economic Zone in the Dow Jones Sustainability Index (DJSI). After receiving the case on Wednesday 17 March (see coverage), S&P responded … Read More
S&P is reviewing Adani Ports’ inclusion on coveted Dow Jones Sustainability Index
19 March 2021 Within hours of receiving a letter from 37 groups calling on S&P Global to review Adani Ports’ inclusion on its Dow Jones Sustainability Index (DJSI), the ratings agency giant has confirmed it will conduct a formal review. S&P wrote to Market Forces on 18 March with the … Read More
