Climate change: made possible by QBE

Activists this morning gave QBE’s headquarters a colourful new rebranding, illustrating how the insurance company was making climate change possible through its underwriting of major fossil fuel projects.

Media Release: Australia’s biggest super fund rejects fossil fuels

Melbourne, Friday 15 April 2016 Market Forces is today welcoming the announcement by AustralianSuper – Australia’s largest super fund – to create a new sustainable investment option which excludes companies with fossil fuel reserves. However, the financial activist group is warning that despite the shift, the vast majority of the … Read More

VicSuper: Protect ALL Members From Climate Change Risks

22 February 2016 We have heard from some of their members that VicSuper are currently considering how they treat the issue of climate change, and the myriad of financial and moral issues wrapped up in it. After seeing a host of other funds mistakenly “tackle” this issue by screening out … Read More

Time to tell Australia’s insurers to ditch coal

28 January 2016 Around the world, pressure is building on the insurance industry to divest from fossil fuels, while back home we are ramping up our campaign to stop Australia’s major insurers shooting themselves in the foot by investing in climate change’s drivers. In the latest international development, California’s Insurance Commissioner on … Read More

2015: coal loses, community wins.

21 December 2015 The global coal industry stumbled into 2015 looking pretty peaky. Analysts across the finance sector were increasingly using terms like “structural decline” to describe its state and its future, while the spin-meisters spent a fortune hitting back with a new PR campaign that suggested coal was critical … Read More

Did Vision Super divest on the quiet?

15 December 2015 Early last week, Vision Super posted a press release on their website announcing their commitment to sustainable investment. Vision Super also updated their website, adding a page dedicated to “Sustainable Super” and the calming image of a wind farm on its home page. This was followed by … Read More

How does Westpac measure up on climate?

2 December 2015 We’re in a time of year usually defined by the United Nations climate change negotiations, currently underway in Paris. But we’re also in the middle of annual general meeting (AGM) season for Australia’s big banks, and a parade of glossy brochures and statements that update the banks’ policies … Read More

IAG: We Need Climate Leadership

22 October 2015 It dawned on me yesterday at the Insurance Australia Group AGM, just how detached corporate Australia is from reality, when the IAG board became genuinely annoyed by questions related to climate change. If the board of an insurance company does not believe climate change is impacting on its … Read More

How to mismanage climate risk until it hurts

This article first appeared on Renew Economy on 19 October 2015 There’s an old saying that what counts is what gets counted, there’s a less well-known adage that says, what doesn’t get counted can cost you a fortune. The Australian insurance industry is finding out all about that one now because … Read More