27 April 2018 Suncorp, a major Australian financial services company and general insurer, today released its Climate Change Action Plan. As expectations mount from investors and regulators that companies disclose the risks they face from climate change and efforts to...
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Super funds voting against climate action
Woodside say they have “no stranded assets”
19 April 2018 "We don’t believe that we have stranded assets," said Woodside chairman Michael Chaney when asked about the oil and gas company’s new Scarborough gas field at today’s AGM. Watch the response here: This directly contradicts the findings of UK think tank...
Media release: Japanese banks betray their commitments and the environment by funding more dirty coal
18 April 2018 Environmental organizations have condemned Japanese commercial banks for agreeing to finance the new polluting Nghi Son 2 coal power station in Vietnam, calling on the banks to act in accordance with the Equator Principles, a key agreement among banks to...
ANZ finance the purchase of Rio’s last coal mine
5 April 2018 ANZ has contributed to a US$1.7 billion (AU$2.2 b) deal to finance the purchase of Rio Tinto's last coal asset by Indonesian coal miner Adaro Energy and private equity manager EMR Capital. The deal comes despite ANZ's repeated claims that the...
Australian bank policies still lag international peers
[cs_content][cs_element_section _id="1" ][cs_element_layout_row _id="2" ][cs_element_layout_column _id="3" ][cs_element_gap _id="4" ][cs_text]This content was published in March 2018. For the most recent version, click the button below to see our Funding climate...
AECOM cancels grad outreach to avoid Adani questions
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]Wednesday 21 March, 2018US-based engineering and design firm AECOM has cancelled most of their graduate outreach program to avoid facing questions and...
Media release: AECOM cancels graduate outreach as #StopAdani protests mount
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][x_image type="none" src="https://www.marketforces.org.au/wp-content/uploads/2018/03/18-3-14-AECOM-ANU-protest.jpg" alt="" link="false" href="#" title="" target="" info="none"...
New analysis shows Australia’s top companies have no climate plan
Media release: New analysis shows most of Australia’s top companies have no climate plan
Wednesday 14 March, 2018: A major new study released today by environment finance group Market Forces has revealed many of Australia’s top 100 companies are failing to improve their climate risk disclosure. Of the 73 ‘high risk’ ASX100 companies analysed: Less than...