"...we don't consider it [climate change] to be one of the significant business risks or financial risks for Transurban" Marcus Laithwaite, auditor 11 October 2018 You might not have heard of the company, but chances are you’ve driven on one of their roads. ...
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Magellan can’t see risks to its own business
Magellan Financial Group's (MFG) deputy investment officer Dominico Giuliano recently made statements in the media about the need for accurate climate risk disclosure. At its annual general meeting (AGM) today, however, the company seemed to think that 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...
Who’s coming clean on climate risk?
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text _order="0"]10 September 2018 If you've been following our work closely over the last couple of years, you'll know we've put a lot of effort into forcing companies to...
Investing in the Dark
Australia’s largest companies are making painfully slow progress towards climate risk disclosure, demonstrating a need for increased action from investors and regulators. Since March, while companies’ reporting on climate risk governance has significantly...
Embattled AMP stands firm over new climate denier chairman
10 May 2018 Acting AMP chief executive Mike Wilkins today dismissed deep concern over incoming chairman David Murray’s controversial views on climate change at the financial services company’s annual general meeting (AGM) in Melbourne. Wilkins affirmed his backing...
Suncorp’s Climate Change Action Plan: plenty of detail but where are the outcomes?
27 April 2018 Suncorp, a major Australian financial services company and general insurer, today released its Climate Change Action Plan. As expectations mount from investors and regulators that companies disclose the risks they face from climate change and efforts to...
New analysis shows Australia’s top companies have no climate plan
Media release: New analysis shows most of Australia’s top companies have no climate plan
Wednesday 14 March, 2018: A major new study released today by environment finance group Market Forces has revealed many of Australia’s top 100 companies are failing to improve their climate risk disclosure. Of the 73 ‘high risk’ ASX100 companies analysed: Less than...
Armour Energy on climate change: “We can’t comment on that”
Oil and gas exploration and production company Armour Energy today failed to define climate change as a material risk to its business, and refused to commit to implementing recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). The...