16 December 2022 NAB faces shareholder backlash over continued support for new fossil fuels at 2022 AGM Today, National Australia Bank (NAB) faced a formal proposal from shareholders asking it to demonstrate how the company’s financing would not be used for the...
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ANZ pulls the wool over investors eyes on climate at 2022 AGM
15 December 2022 Just over 8% of shareholders voted in favour of a formal proposal calling on the bank to demonstrate how its funding would not be used for new fossil fuel projects at today's annual general meeting. Last month, a UN High-level Expert Group confirmed...
Westpac’s ‘laughable’ greenwashing called out at 2022 AGM
14 December 2022 Over 10% of Westpac's shareholders defied the board to support a formal proposal calling on the bank to demonstrate how its funding won't be used for new fossil fuel projects at today’s annual general meeting (AGM) in Melbourne. The bank was also...
Spirit Super must stop new oil and gas projects or divest from the companies pursuing them
13 December 2022 Spirit Super updated its climate targets this year, aiming to reduce both the fossil fuel reserves and carbon emissions in its investment portfolio by 50% by the end of this decade. Yet the fund remains invested in companies seeking to massively...
Major coal producer New Hope urged to wind down production as shareholders shut out of AGM
MEDIA RELEASE Thursday 24 November: New Hope Group shareholders and Market Forces are demanding the coal miner disclose plans to wind down production in line with global climate goals. New Hope faces a resolution backed by over 100 shareholders, calling for full...
New Hope shuts out shareholders at its 2022 AGM
24 November 2022 New Hope’s 2022 annual general meeting (AGM) descended to new lows this year, with very limited accessibility for shareholders. A site visit for shareholders to the company’s Bengalla mine scheduled before the AGM was also cancelled. The company held...
Aware Super member sends legal letter on fund’s vote against climate action
21 November 2022 An Aware Super member sent a legal letter to the fund last week, raising concerns that Aware failed to understand and properly consider its vote on a crucial request for climate action at the recent Commonwealth Bank annual general meeting and...
NAB gets dangerously close to climate policy breach
NAB, which has committed to net-zero emissions by 2050 and the goals of the Paris Agreement, today released its inaugural Climate Report and once again failed to commit to ruling out financing companies building new fossil fuel projects. NAB said it will be...
Westpac sees climate impacts, increases fossil fuel exposure
Westpac, which has committed to net-zero emissions by 2050 and the goals of the Paris Agreement, revealed an 11% increase in FY22 of its overall exposure to fossil fuels, with the increases attributed to customers in the coal rail transportation, LNG terminal, and oil...
Austbrokers under pressure due to Adani coal links
4 November 2022 Austbrokers parent company AUB Group trotted out several classic fossil fuel industry talking points at its annual general meeting (AGM) in Sydney yesterday, in an attempt to justify its work arranging insurance for the climate-wrecking Adani/Bravus...