Tuesday 25 September, 2018: Responding to the news that Standard Chartered has ruled out finance for "any new coal-fired power plant projects, including expansions, in any location", Market Forces Executive Director Julien Vincent said: "This is what leadership on...
climate change
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...
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...
QBE to review climate risk of investments and underwriting
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Take action: What is your super fund doing to manage climate risk?
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]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...
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,...
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...
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...
AusNet: no commitment on the 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...
CommBank and NAB fund massive new LNG terminal despite 2°C commitments
8 June 2018 Last week we released our Banks 2° Scorecard 2018, an updated account of how the actions of Australia’s big four banks are tracking (or not) to their stated support of the Paris Agreement goal to limit global warming to well below 2°C, compared with...