Is your super fund linked to Adani’s Carmichael coal mine?

Thanks to a leak from an industry insider, we discovered that several major Australian super funds use financial services company Mercer as their administrator (see list below). Mercer’s sister company, Marsh, is Adani’s insurance broker, currently searching the globe trying to find insurance companies willing to underwrite the construction of … Read More

The Siemens fiasco should scare off Adani’s other European supporters

Siemens don't build Adani - Galilee Blockade

20 February 2020 The pressure on Siemens, the German multinational which last month destroyed its reputation over a $30 million contract, offers a cautionary tale about how dangerous business as usual can become if you haven’t noticed that the world around you has changed. Siemens, which trumpets its sustainability credentials … Read More

GHD staff want company out of coal expansions

1 November 2019 A survey of engineering firm GHD employees shows that three out of five staff members want the company to end its work on coal expansions such as the Adani Carmichael project. The survey, which has been distributed over a number of months via LinkedIn and leafletting outside … Read More

Wagners willing to risk business for Adani

31 October 2019 Construction company Wagners made it clear at its annual general meeting (AGM) in Queensland yesterday that it is not concerned by the reputational and financial risks of working on the controversial Adani Carmichael coal project. The company, which has seen significant drops in its share price over … Read More

Legal opinion: Fund trustees should consider climate risk

1 August 2017 Market Forces has released a new legal opinion on the extent to which Australian law requires superannuation trustees to consider climate change risks when managing portfolios on behalf of their members. Commissioned by Market Forces, the memorandum of opinion, Superannuation Trustee Duties and Climate Change Risk, was provided … Read More

Compare Bank Table

2020 bank lending data

Fossil fuels – where does your bank stand?We’ve created the table below to help you find out which banks do and don’t have a record of funding fossil fuels. Use it to compare the fossil fuel investment positions of over 120 banks, credit unions and building societies. Each institution is … Read More

Commbank’s climate credentials don’t make it through Paris

7 December 2015 Well that was short lived! A month ago we were celebrating Commonwealth Bank’s new Group Environment Policy committing the bank to the goal of limiting global warming to less than two degrees. For a moment, it looked like Commbank really got the issue of climate change and were even sticking their necks out … Read More

Stephen moves his home loan

5 August 2015 After living in Melbourne for many years, Stephen and his family decided to move to country Victoria in pursuit of a more sustainable lifestyle. They bought an existing house that was relocated to their property and undertook a significant DIY sustainability makeover. They then started developing a … Read More

The growth of divestment

29 June 2014 This week, the number of people who have put their bank “on notice” (warning that they’ll switch banks unless loans to fossil fuel projects stop) grew to account for over $160 million in savings alone. As far as metrics go, it’s a pretty good way of appreciating … Read More