Today ANZ announced that it will no longer provide direct project finance to pipelines dedicated to new oil and gas fields. The new policy brings ANZ into line with CommBank, NAB and Westpac, which all have restrictions on finance for pipelines built for new oil and...
Blog
Whitehaven investors fail basic risk management test
At Whitehaven Coal’s annual general meeting (AGM) today, almost 10% of shareholder votes were cast in favour of a Market Forces-coordinated proposal calling on the company to demonstrate how spending on new and expanded coal mines is a better use of capital than...
‘Gas or starvation’: APA Group’s $7 billion Beetaloo pipeline gamble questioned by shareholders
Shareholders challenged APA over its proposed Beetaloo gas pipeline, uncertain LNG demand and climate risks, as the company's CEO pointed to an ANZ banker in the audience as a sign of lender support. APA Group's chairman has defended the company's proposed...
Time for AustralianSuper to walk the talk on climate
By Will van de Pol, Chief Executive Officer, Market Forces AustralianSuper is not shy about its role and responsibility in managing the escalating investment risks climate change poses to the retirement nest eggs of its three and half million members. Let’s make no...
Investors and Economists challenge APA Group over $7 billion gas pipeline
Thursday 22 October: Economists and investors are sounding the alarm over plans by APA Group, to push ahead with one of Australia’s biggest ever gas pipelines enabling fracking in the Beetaloo Basin, Northern Territory. Australian economists Nicki Hutley, Richard...
Pattern of Failure: Rising ESG Complaints Expose the Risk Management Gaps at Japanese Megabanks
The sheer volume of complaints to various grievance mechanisms brought against Japan’s megabanks, MUFG, SMBC, and Mizuho, can no longer be considered a set of isolated incidents. It represents a systemic failure. Over the past decade, civil society organizations,...
繰り返される「機能不全」 ― 増加するESG関連の異議申立てが浮き彫りにする日本のメガバンクのリスク管理の欠陥
三菱UFJフィナンシャル・グループ（MUFG）、三井住友フィナンシャルグループ（SMBCグループ）、みずほフィナンシャルグループ（みずほ）の3メガバンクに対し、各種の異議申立メカニズム（グリーバンス・メカニズム）を通じて提起された申立ての件数は、もはや個別・偶発的な事案の集積とみなすことはできません。構造的な機能不全を示すものと考えられます。...
New Analysis: Singaporean banks face rising risks for financing industrial coal power
Jakarta/Singapore, Tuesday 8 September 2026 – New analysis from Market Forces reveals that the three largest Singaporean banks — DBS, OCBC, and UOB — have been bankrolling industrial ‘captive’ coal power plants between 2020 and 2025, despite publicly announcing and...
Analisis Terbaru: Bank Singapura Masih Biayai PLTU Batu Bara, meski Berkomitmen untuk Berhenti
Jakarta/Singapore, 8 September 2026 – Analisis terbaru dari Market Forces mengungkapkan, tiga bank asal Singapura yaitu DBS, OCBC, dan UOB masih membiayai proyek PLTU batu bara captive antara tahun 2020 hingga 2025. Padahal sejak tahun 2019, ketiga bank tersebut...
Woodside’s climate walk-back reflects AustralianSuper’s ineffective stewardship efforts
By Brett Morgan, Investor Engagement Manager, Market Forces As the nation’s largest super fund, what AustralianSuper says and does has significant consequences for our economy. Woodside’s walk-back on emissions and new energy targets in the past 24 hours can in part...