19 May 2022 Financial new sources confirmed last week that Standard Chartered and Barclays have funded Adani Enterprises, the Adani Group subsidiary pursuing several new thermal coal mining projects, including the disastrous Carmichael mine in Australia. The US $250m debt facility provided by the two UK banks has an option … Read More
Vanguard’s farcical engagement with coal miners Adani, Whitehaven and New Hope exposed
12 May 2022 Global investment management firm Vanguard recently released its 2021 Investment Stewardship Report, where it discusses the supposed impact of its engagement with the companies in which it invests. Vanguard provides case studies on the Adani Group (p 36) and Australian thermal coal miners Whitehaven Coal and New … Read More
Investor Briefing: Adani Ports to haul Carmichael coal, exposing investors to reputational & financial risks
22 October 2020 Market Forces has compiled this briefing paper to inform existing and potential investors in Adani Ports and Special Economic Zone (Adani Ports) of the company’s establishment of Bowen Rail Company, which will transport coal for the controversial Carmichael thermal coal project in Australia. This move into coal … Read More
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 improved, very little movement has occurred on some of the integral ‘strategy’ elements of climate risk disclosure. The … Read More
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 disclosure of climate risks, the development of a … Read More
Media Release: $200 billion US pension fund divests Australian coal. Australian funds should follow.
WEDNESDAY 14 JUNE, 2017: Environmental finance group Market Forces is calling on Australian superfunds and asset managers to follow the example of the second largest pension fund in the US and divest from Australian coal companies such as Whitehaven. Last week, the board of the US$200 billion California State Teachers’ … Read More