Climate a hot issue at Bluescope Steel’s annual general meeting

Welding at steel mill

23 November 2018 “Our targets are based on the… Australian [emissions] requirement” chairman John Bevan told shareholders at Bluescope Steel’s annual general meeting (AGM) today in Sydney, where climate change was a hot topic. Whilst acknowledging support for the global Paris climate accord, the steel manufacturing giant said its emissions … Read More

Coal companies called out on future viability

22 November 2018 The recent United Nations Intergovernmental Panel on Climate Change (IPCC) report found that a jump from 1.5ºC to 2ºC of warming would mean the death of the Great Barrier Reef, twice as many people worldwide exposed to water stress, and an extra 40,000 people in small island … Read More

Evolution Mining doesn’t apply gold standard to climate risk disclosure

Evolution Mining

22 November 2018 Evolution Mining is a gold mining company with operations mainly in Queensland and Western Australia. The gold miner scored dismally low in our latest Investing in the Dark research released in August. The company has not: clearly acknowledged the science of climate change  considered climate change as a … Read More

Wesfarmers: still keeping investors in the dark

Wesfarmers AGM 2018 announcement screengrab

19 November 2018 Earlier this year, Market Forces released its Investing in the Dark research on climate risk disclosure among the top 100 ASX listed companies. Analysis revealed that Wesfarmers has made progress in: acknowledging the science of climate change classifying climate risk as a financial risk considering the risks … Read More

Newcrest Mining confused about its own climate risks

Newcrest Lihir gold mine in Papua New Guinea

14 November 2018 “Newcrest is not a political party so it doesn’t necessarily take a position on whether the Paris accord is a good idea or a bad idea,” said Peter Hay, chairman of Newcrest Mining, at the company’s annual general meeting yesterday. “It’s up to the Australian people to … Read More