Expectations set for Boral’s next steps on climate risk

6 November 2019 As a major greenhouse gas polluter with exposure to the coal power sector, Boral still has plenty of work to do on climate risk management. Two years ago, Boral didn’t think climate change posed a significant risk to its business. For a company that in 2017 had … Read More

Fortescue Metals Group falling behind on scope 3 emissions

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 considered in government project approvals processes. … Read More

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 targets until 2021. This will leave the company behind its big … Read More

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 Rio Tinto’s annual general meeting … Read More

Investors support stronger climate risk disclosure at Origin Energy AGM

18 October 2017 A shareholder resolution coordinated by Market Forces, calling for improvements to Origin Energy’s climate risk disclosure received significant support from institutional investors, garnering 13.77% of shareholder votes, despite the board’s opposition. In dollar terms, investors holding approximately $1.8 billion in stock supported the call for greater climate … Read More

Woodside AGM: More Oil & Gas = More Emissions

5 May 2017 Australia’s largest listed oil and gas producer, Woodside Petroleum, held their Annual General Meeting in Perth today, where chairman Michael Chaney made quite possibly the clearest case for reducing carbon emissions. Woodside is Australia’s tenth largest carbon emitter, responsible for over 10 million tonnes of CO2 equivalent … Read More

Analysis: Westpac’s new climate change policy

30 April 2017 The most immediate impact of Westpac’s climate change policy announcement on Friday was that it took them out of the running as a potential lender to the Adani Carmichael coal mine, making Westpac the 19th bank to either distance itself publicly from Galilee Basin coal export projects, … Read More