14 August 2017 Just a few days ago we were celebrating a win, with Commbank having joined its big four counterparts and finally ruled out lending to Adani’s Carmichael mega coal mine. But the celebrations were short-lived, as the bank this morning proved itself to be the most recalcitrant of … Read More
Commbank out of Adani but still in deep on fossil fuels
14 August 2017 Just a few days ago we were celebrating a win, with Commbank having joined its big four counterparts and finally ruled out lending to Adani’s Carmichael mega coal mine. But the celebrations were short-lived, as the bank this morning proved itself to be the most recalcitrant of … Read More
Media release: Commbank to face new shareholder resolution after climate policy fail
Environmental finance group Market Forces will lodge a new shareholder resolution against Commonwealth Bank after its climate change position statement released today fell well short of its publicly-made 2 degree commitments. “Commonwealth Bank is not even pretending to make an effort on climate change with the position statement released today,” … Read More
Media release: Commbank’s refusal to finance Adani coal mine
Commonwealth Bank’s confirmation that it will not be involved in financing the Carmichael coal mine leaves Adani in the highly improbable position of financing a major Australian project without the support of one of the “big four” banks. “It’s desperate measures now for Adani”, said Market Forces executive director Julien … Read More
WIN! CommBank will not be asked to finance Adani Carmichael
11 August 2017 “We have been asked about our role in funding the Adani Carmichael mine. Whilst in general we do not comment on specific clients, we can confirm that we are not amongst the banks who have been, or will be, asked to consider this financing.” That was a … Read More
Media Release: 82% of Australian super funds at risk of legal action over climate failure
New analysis from environmental finance group Market Forces reveals 82% of Australia’s largest superannuation funds have provided inadequate or no tangible evidence they have considered climate risk in their investment portfolios. According to a new opinion also released today by Noel Hutley SC and James Mack, this failure puts trustee … Read More
Risky Business: Majority of super funds show no consideration of climate risk
New research from Market Forces shows 82 of Australia’s 100 largest superannuation funds disclose inadequate or no tangible evidence that they have considered the impact of climate risk on their investment portfolios, potentially exposing fund trustees to legal risks.
Macquarie Chairman “not aware” of TCFD’s climate risk disclosure recommendations
At today’s annual general meeting in in Melbourne, Macquarie Group Chairman Peter Warne made the startling admission that he “was not familiar” with the recommendations of the Financial Stability Board’s Task Force on Climate-related Disclosures (TCFD). While the TCFD may not be well known in the wider community, its work and … Read More
CommBank shareholder complaint
Thanks for submitting the Agency Agreement. What happens next? We have sent a record of the agreement to the email address you entered in the form. If the shareholding you represent is in the name of a company we will contact you again to get a paper copy as this … Read More
