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CommBank avoids resolution, but warned it’s not off the hook on climate action

CommBank avoids resolution, but warned it’s not off the hook on climate action

by Will van de Pol | Oct 11, 2023 | Blog, Feature, News

11 October 2023 Today, Commonwealth Bank faced questions from shareholders over the remaining gaps in its climate policy. This year, Market Forces, along with hundreds of shareholders decided not to file a resolution on climate-related risk at the CommBank AGM. This...
CommBank chair says companies without transition plans by 2025 “un-bankable” at 2022 AGM

CommBank chair says companies without transition plans by 2025 “un-bankable” at 2022 AGM

by msurowiec | Oct 12, 2022 | Banks, Feature, Fossil Fuels, Gas, Research

12 October 2022 Today, Commonwealth Bank faced a formal proposal from shareholders asking it to demonstrate how the company’s financing would not be used for the purposes of new or expanded fossil fuel projects. Despite trying to appear to be acting on climate change,...
Commbank wants to hear from its customers. Tell the bank: net-zero by 2050 means no new fossil fuels!

Commbank wants to hear from its customers. Tell the bank: net-zero by 2050 means no new fossil fuels!

by Matt Tomkins | Oct 29, 2021 | Banks, Feature, News

Just weeks after Commbank was rebuked over its fossil fuel funding at its annual shareholder meeting,[1] its CEO Matt Comyn has invited customers to “ask questions and share your ideas on ways we can support you, businesses and the community”. Customers can submit...
Commonwealth Bank rebuked over fossil fuel funding at AGM

Commonwealth Bank rebuked over fossil fuel funding at AGM

by msurowiec | Oct 13, 2021 | Banks, Feature, Fossil Fuels, Gas, Research

13 October 2021 As the International Energy Agency (IEA) prepares to publish the most detailed account of its Net Zero Emissions by 2050 scenario—in which there’s no room for expansion of the fossil fuel industry—Commonwealth Bank’s annual shareholder meeting saw its...
Commonwealth Bank rebuked over fossil fuel funding at AGM

CommBank waters down funding hurdle for fossil fuel expansion, gives climate-wrecking companies another 4 years

by msurowiec | Aug 11, 2021 | Banks, Feature, Fossil Fuels, Gas, Research

11 August 2021 Despite supporting the Paris Agreement and the goal of net zero by 2050, CommBank’s annual report—released today—watered down an existing (albeit ineffective) barrier to funding expansionary fossil fuel projects, and gave climate-wrecking companies at...
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