29 October 2019 One of Australia's biggest iron ore miners is falling behind its peers when it comes to managing the risks posed by its emissions-intensive value chain. Earlier this year, Fortescue Metals Group CEO Elizabeth Gaines said scope 3 emissions should not be...
Bendigo Bank fails to back Paris Agreement for second year running
29 October 2019 Bendigo and Adelaide Bank enjoys a lot of kudos for being one of Australia's medium-sized banks that doesn't invest in fossil fuels. Thousands of Australians have moved to Bendigo Bank as a result of its position on our banks comparison table. But at...
South32 lagging on climate plans
24 October 2019 South32's failure to bring forward emission reduction plans and commit to addressing downstream emissions leaves the company behind its big mining peers. Diversified miner South32 today confirmed it won't be updating its emission reduction plans and...
APA’s gas pipe dreams A-OK with investors
24 October 2019 Australia's biggest gas pipeline company's plans for gas expansion are inconsistent with the climate goals of the Paris Agreement. But investors don't seem to care. With gas use for primary energy expected to fall to 25% by 2030 under a 1.5°C warming...
Suncorp faces heat at its AGM as losses mount on climate impacts
Brisbane, 26 September 2019 The climate crisis dominated Suncorp's annual general meeting in Brisbane today, from the Chairman and CEO reporting losses from extreme weather events, shareholders bringing personal stories of how climate impacts are destroying their...
Media Release: Rio Tinto to face shareholder resolution as BHP sets Paris-aligned ‘scope 3’ emission reduction goals
Rio Tinto Pilbara expansion. Cape Lambert and Dampier and Rail. Thursday 12 September, 2019: Following BHPs confirmation that the public goals it will release next year for its “Scope 3” greenhouse gas emissions will be aligned with the Paris Agreement, externally...
Media release: Whitehaven Coal calls 185 countries’ bluff
Whitehaven Coal's Werris Creek mine 15 August 2019 Whitehaven Coal, Australia’s biggest pure-play coal miner, has once again trumpeted coal demand projections based on a scenario that would see the utter failure of the Paris Agreement. “Whitehaven Coal’s plans to...
Sydney Airport: taking climate seriously after flooding events
24 May 2019 What a difference a year (and some runway flooding) makes! Sydney Airport’s chairman Trevor Gerber has certainly changed his tune on taking climate risk seriously since last year’s annual general meeting. Back then, Gerber didn’t think the risks of...
“If the benchmark is 1.5ºC we should measure ourselves against it” says Alumina chairman
23 May 2019 Alumina Limited is one of Australia’s top ASX-listed mining companies. As its name suggests, the company focuses on alumina, the material refined from bauxite and used for aluminium production. Australia is the second largest alumina producer in the...
Rio Tinto investors baulk at climate risk management
9 May 2019 The vast majority of Rio Tinto's investors - which includes just about every super fund in Australia - today failed to ensure the company acts to manage down its exposure to climate change risk. A Market Forces-coordinated shareholder resolution was put to...