21 September 2017 At Suncorp's Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company's fossil fuel exposure to an 'immaterial' amount over the next two years. The revelation came in...
fossil fuels
Victoria steps up on political donations reform, now for the Feds
19 September 2017 In light of the Victorian Government’s proposed changes to political donation laws, we thought we should share our submission to the federal Joint Standing Committee on Electoral Matters, which we made on 11 September 2017. But firstly, what has the...
Media Release: Shareholders move to force Commbank to manage climate risk
28 August 2017 Shareholders have lodged a first-of-its-kind resolution with Commonwealth Bank that would embed climate change risk management into its constitution. It comes a month after shareholders began court proceedings against the bank over its failure to...
Media release: Origin Energy faces three shareholder resolutions
23 August 2017 Coordinated by environmental finance group Market Forces, shareholders in Origin Energy have filed a series of resolutions with the oil and gas major. View ASX announcement. The three resolutions, to be heard at Origin’s October AGM, call for greater...
Medibank losing customers due to fossil fuel investments
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Commbank out of Adani but still in deep on fossil fuels
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Analysis: Commbank’s 2017 climate policy update
Macquarie Chairman “not aware” of TCFD’s climate risk disclosure recommendations
At today's annual general meeting in in Melbourne, Macquarie Group Chairman Peter Warne made the startling admission that he "was not familiar" with the recommendations of the Financial Stability Board’s Task Force on Climate-related Disclosures (TCFD). While the TCFD...
Two degrees scorecard update
In December 2015, the Paris climate talks saw 195 nations agree to limit global warming to well below 2°C, compared with pre-industrial levels. In the lead up to Paris, ANZ, CommBank, NAB and Westpac all publicly championed the two degree limit, committing to support...
Big 4 STILL financing fossil fuel expansion
On 22 June 2017, some 18 months after committing to support the aims of the Paris Agreement, Australia's big four banks all contributed to a deal to finance more oil and gas exploration and production. Clearly, ANZ, CommBank, NAB and Westpac are yet to come to terms...