20 November 2018 The a2 Milk Company held its annual general meeting today in Melbourne. The board of the ASX200 listed milk products company admitted to shareholders they had not formally undertaken to educate themselves on climate change and climate-related risk. “I think it’s fair to say in the last … Read More
Senex passes the buck on climate change targets
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
Perpetual has no overarching climate risk strategy
1 November 2018 Financial services giant Perpetual Ltd today failed to inspire any confidence from shareholders concerned about the world’s ever growing climate emergency. Grilled over how it plans to manage the risks associated with global warming at its annual general meeting, the AUD$30 billion fund manager came up seriously … Read More
Despite stated intentions, NIB remains invested in fossil fuels
31 October 2018 NIB health insurance disappointed customers and shareholders at its annual general meeting (AGM) today with its continued delay in finishing off the fossil fuel divestment work it began way back in 2016. In March 2016, NIB dumped coal, oil and gas company shares from its international share … Read More
Boral still won’t rule out working with Adani
30 October 2018 It’s hard to know where to begin with Boral, one of the world’s 160 most polluting companies. You could look at the fact that it’s been shying away from renewables, despite losing $15 million USD from climate-driven weather events in the last financial period.Or that its absolute emissions are … Read More
Bendigo & Adelaide customers in drought, bank still won’t spell it out
30 October 2016 Bendigo and Adelaide Bank is the fifth largest retail bank in Australia and among the top 100 ASX-listed companies. They have a fairly clean record when it comes to fossil fuel investments as they don’t lend to projects in the coal and coal seam gas sectors. But … Read More
Qantas refuses to commit to UN guiding principles on human rights
26 October 2018 It was a circus at the Qantas annual general meeting (AGM) in Brisbane today. Following protests outside the meeting, Australia’s flagship airline faced a shareholder resolution lodged by the Australasian Centre for Corporate Responsibility. It called on Qantas to stop assisting in the deportation of asylum seekers and … Read More
IAG still won’t commit to divest from coal
26 October 2018 “We are feeling the effects of climate change already: we see it in our own industry’s data, which tells us an inescapable truth.” That was CEO Peter Harmer today at Insurance Australia Group (IAG’s) annual general meeting (AGM). His company used the meeting to launch a ‘climate … Read More
QBE customers leaving insurer due to fossil fuel support
Market Forces has compiled videos of QBE customers from all over Australia calling on the insurer to end its investment in and insuring of coal, oil and gas companies. The customers pledge to leave the insurer until it stops fueling global warming. Despite having its profits hit by extreme weather, … Read More
Paris climate goals not on the menu at Treasury Wines
18 October 2018 Wildfires tore through the Napa Valley in October 2017, devastating the Californian wine industry. As the hills went up in flames, the estates owned and operated by Treasury Wine Estates (TWE) miraculously survived with only minor damage. The fires, widely linked to climate change, were a focus … Read More