Around Australia, shareholders are acting to make companies take climate change and human rights seriously. Super fund members like you can help their cause by telling your fund to vote your retirement savings in favour of resolutions that protect people and planet....
Suncorp to divest from fossil fuels?
21 September 2017 At Suncorp's Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company's fossil fuel exposure to an 'immaterial' amount over the next two years. The revelation came in...
Media Release: Shareholders move to force Commbank to manage climate risk
28 August 2017 Shareholders have lodged a first-of-its-kind resolution with Commonwealth Bank that would embed climate change risk management into its constitution. It comes a month after shareholders began court proceedings against the bank over its failure to...
Media release: Origin Energy faces three shareholder resolutions
23 August 2017 Coordinated by environmental finance group Market Forces, shareholders in Origin Energy have filed a series of resolutions with the oil and gas major. View ASX announcement. The three resolutions, to be heard at Origin’s October AGM, call for greater...
Media Release: 82% of Australian super funds at risk of legal action over climate failure
New analysis from environmental finance group Market Forces reveals 82% of Australia’s largest superannuation funds have provided inadequate or no tangible evidence they have considered climate risk in their investment portfolios. According to a new opinion also...
Risky Business: Majority of super funds show no consideration of climate risk
New research from Market Forces shows 82 of Australia's 100 largest superannuation funds disclose inadequate or no tangible evidence that they have considered the impact of climate risk on their investment portfolios, potentially exposing fund trustees to legal risks.
Media Release: Australia desperately needs climate risk disclosure recommendations
29 June 2017 Reacting to the release of the Financial Stability Board's final recommendations from its Task Force on Climate Change-Related Financial Disclosures (TCFD), Market Forces Analyst Daniel Gocher said: "These recommendations are sorely needed in Australia,...
Investors warned: US$2.3 trillion worth of oil and gas projects inconsistent with 2°C
A new report has found US$2.3 trillion of projected capital expenditure (capex) on upstream oil and gas projects would be wasted under a 2°C warming scenario. Produced by Carbon Tracker in partnership with UN Principles for Responsible Investment (PRI) and leading...
Shareholders put climate front and centre
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FAR: ‘two degrees is laughable in the extreme’
FAR is an Australian owned oil and gas company which operates in Guinea-Bissau, Kenya, Australia and Senegal, a country already facing severe impacts from climate change. Currently the executive bonuses of FAR are tied to how much oil and gas they find. CEO Catherine...