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

Senex passes the buck on climate change targets

SENEX field

15 November 2018 When it comes to measuring the financial risk of climate change, not much has changed for oil and gas company Senex over the past three years. In 2016 its auditors declared they did not consider climate risk as a financial risk. In 2017 the board still hadn’t … Read More

Lakes Oil & LNG fail to consider the financial impact of climate change

15 November 2018 It was a case of déjà vu this week, with two gas exploration companies almost reading from the same script as they responded to shareholder concerns about climate change resilience at separate annual general meetings (AGM). Lakes Oil and Liquified Natural Gas Limited (LNG) are fossil fuel exploration companies … Read More