By Morgan Pickett, Senior Policy Analyst, Market Forces, a clean energy finance advocacy organisation. Macquarie Group began life in Sydney in 1969 with just three employees. Today, Macquarie is one of Australia’s most powerful financial institutions, operating across...
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Super fund HESTA urged to take on fossil fuel giants, for the sake of climate health
Healthcare is built on principles that have guided our professions for generations: protecting life, preventing harm, promoting wellbeing and acting in the best interests of those we serve. Those values shouldn’t end when we finish our shift. As the super fund...
Macquarie hauled over coals for tripling fossil fuel finance
Thursday 23 July: An Australian Security Leaders Climate Group Executive and an internationally acclaimed climate scientist have joined more than 160 shareholders and Market Forces to demand Macquarie Group explains how its skyrocketing finance for major new oil and...
Rethinking Financing for Indonesia’s Captive Coal Nickel Industry
By Ginanjar Ariyasuta, Indonesia Energy Finance Campaigner, Market Forces In his address to the House of Representatives on May 20, President Prabowo Subianto expressed his conviction that Indonesia's economy can grow 8 per cent by 2029, with the processing of...
Menimbang Ulang Pembiayaan Nikel Berbasis Batu Bara
Oleh: Ginanjar Ariyasuta, Juru Kampanye Pembiayaan Energi Indonesia di Market Forces Dalam pidatonya di rapat paripurna DPR, 20 Mei lalu, Presiden Prabowo Subianto menyampaikan keyakinannya bahwa ekonomi Indonesia bisa tumbuh 8 persen pada 2029 — dan hilirisasi...
Japan’s 2026 AGMs Reveal Shift in Directors’ Accountability on Climate Risk
TOKYO, 3 July 2026 — Sumitomo Mitsui Financial Group (SMFG) has suffered one of the biggest ever votes against a Japanese bank director when 21.47% of shareholder votes were cast against SMFG Board Chair, signalling growing investor scrutiny and dissatisfaction with...
Macquarie climate blackflip is ringing alarm bells for investors
By Kyle Robertson, Head of Research, Market Forces It wasn’t long ago that the world’s major banks, including Macquarie, were collectively mobilising to achieve the goals of the Paris Agreement. In April 2021, now Canadian prime minister, Mark Carney launched the...
Australia’s top super funds invest in only 4% of clean energy needed by 2030
Tuesday 16 June: New analysis reveals Australia’s top 30 superannuation funds have invested in just a fraction (4%) of the renewable energy capacity needed to meet Australia’s mandated 2030 climate goals. The Australian Government has set a target to achieve 82%...
Asian banks hide behind a coal funding smokescreenÂ
By Ginanjar Ariyasuta, Indonesia Energy Finance Campaigner, Market Forces Pick up any major Southeast Asian bank's sustainability report and you will find a coal funding commitment. The language is confident. The dates are specific. But banks from Jakarta to Kuala...
Macquarie suffers shareholder backlash for climate backflip and new fossil fuel finance
Wednesday 20 May: More than 160 shareholders have joined with Market Forces to demand Macquarie Group explains how increasing its fossil fuel lending, slashing its green energy investments and watering down its climate strategy is consistent with its commitment to the...