Suncorp continues to divest from fossil fuels

20 September 2018 Today Suncorp demonstrated it has climate change firmly on its agenda and confirmed it continues to divest from fossil fuels. The company is one of Australia’s largest insurance providers, a sector recognised as highly exposed to the physical risks posed by climate change, such as weather-related catastrophes. Earlier this year, … Read More

The power of finance to slow new coal plants

Market Forces in the media By Julien Vincent, executive director Op-ed in the Asia Times, August 29, 2018 So far, 2018 has seen seven banks dominant in Southeast Asia either release or update their policies related to coal, the single-biggest source of greenhouse-gas emissions worldwide. This number is soon to … Read More

QBE to review climate risk of investments and underwriting

16 August 2018 Yesterday, volunteers from Market Forces and 350.org visited QBE’s head office in Sydney and spoke to staff about its climate change policies. QBE, Australia’s largest global insurer, is facing increasing pressure to end its support for fossil fuels. The company is an important provider of insurance to … Read More

Take action: What is your super fund doing to manage climate risk?

You may have already heard about Mark McVeigh, a 23 year old Brisbane ecologist who is suing one of Australia’s biggest super funds, REST, over the fund’s failure to provide information about how it manages climate change risk. Click here to check out Mark’s story and support his extraordinary action. … Read More

It’s about time super funds came clean on climate

By Julien Vincent, Executive director, Market Forces Sydney Morning Herald/Age, 2 August 2018.  2 August 2018 Transparency has never been superannuation industry’s strong suit. Despite super being one of the biggest investments Australians make over their lifetimes, most of us have hardly any idea what our retirement savings are invested … Read More

Macquarie to produce climate risk scenario analysis

26 July 2018 “Risk has always been at the heart of Macquarie”, said Nicholas Moore, managing director and chief executive officer at today’s annual general meeting in Sydney.  As part of its risk framework, Macquarie Group will now begin producing a scenario analysis – stress testing the group’s multi-billion dollar … Read More

Support Mark’s super legal battle over climate change

Meet Mark, an ordinary 23 year old from Brisbane who is taking an extraordinary action that could have a big climate impact… Mark won’t be able to access his super for nearly 40 years. That’s a long time for the impacts of climate change to hit hard. So Mark needs … Read More

AusNet: no commitment on the UN Task Force

AusNet own and operate the Victorian electricity transmission network, which is mainly powered by brown coal in the Latrobe Valley. Since Australia needs to keep 95% of its coal in the ground to meet the Paris Agreement’s goal of holding global warming well below two degrees, this means the company’s … Read More