30 October 2018 Bendigo and Adelaide Bank is the fifth largest retail bank in Australia and among the top 100 ASX-listed companies. They have a fairly clean record when it comes to fossil fuel investments as they don’t lend to projects in the coal and coal seam gas...
banks
WIN! Standard Chartered rules out new coal…. everywhere!
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It...
Market Forces files complaint over Japanese banks’ coal lending breach of OECD guidelines
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text _order="0"] 18 September 2018 Market Forces has made complaints against Sumitomo Mitsui Banking Corporation (SMBC), Mizuho Financial Group (Mizuho) and Mitsubishi...
Ad urging Standard Chartered to stop funding dirty coal published across Asia
23 August 2018 Today, with the help of community donors and partner organisations, Market Forces published a full-page advertisement in the Financial Times Asia, urging Standard Chartered Bank to stop funding new coal-fired power plants. Click here to email Standard...
Banks 2° Scorecard 2018 update
Sydney Airport – “still above water so we’re in good shape”
25 May 2018 "According to Coastal Risk Australia, sea level rise is expected to flood parts of the Sydney Airport runway. This flooding occurs even in the low scenario, where the expectation is that there would be a worldwide reduction in global emissions. What...
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...
Media release: Singaporean banks blowing smoke on climate
A new analysis from environmental finance group Market Forces shines a light for the first time on Singaporean banks’ continued funding of the coal industry, despite public pronouncements on climate action. Market Forces analysed data relating to the lending activity...
Adani unravels and major institutions dump coal. This was 2017.
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]In the nearly five years since Market Forces began, there has not been a more successful and fast-changing year as 2017. Let's take a look at the year that...
ANZ doesn’t intend for coal exposure to increase
19 December 2017 Climate change was a popular topic at ANZ’s annual general meeting (AGM) today in Sydney. Even before the meeting started, shareholders were greeted by Santa and some elves, who were handing out fliers highlighting ANZ’s fossil fuel lending. Inside...