IAG still won’t commit to divest from coal

26 October 2018 “We are feeling the effects of climate change already: we see it in our own industry’s data, which tells us an inescapable truth.” That was CEO Peter Harmer today at Insurance Australia Group (IAG’s) annual general meeting (AGM). His company used the meeting to launch a ‘climate … Read More

QBE’s support for fossil fuels costing its customers and our climate

23 October 2018 Remember that time in high school when your best friend abandoned you to go hang out with the popular kids? Even though the popular kids were really mean and smoked a lot? Sorry to be the bearer of bad news but it’s happening again, only this time … Read More

QBE customers leaving insurer due to fossil fuel support

Market Forces has compiled videos of QBE customers from all over Australia calling on the insurer to end its investment in and insuring of coal, oil and gas companies. The customers pledge to leave the insurer until it stops fueling global warming. Despite having its profits hit by extreme weather, … Read More

Who’s coming clean on climate risk?

10 September 2018 If you’ve been following our work closely over the last couple of years, you’ll know we’ve put a lot of effort into forcing companies to come clean on the financial risks they face from climate change. If this is news to you, you may want to have … Read More

QBE to review climate risk of investments and underwriting

16 August 2018 Yesterday, volunteers from Market Forces and 350.org visited QBE’s head office in Sydney and spoke to staff about its climate change policies. QBE, Australia’s largest global insurer, is facing increasing pressure to end its support for fossil fuels. The company is an important provider of insurance to … Read More

QBE faces massive shareholder pressure at AGM

Market Forces at the QBE Annual General Meeting in 2018

Australia’s biggest insurer and fossil fuel underwriter QBE Insurance admits it needs to manage climate change risks much better but rejects shareholder vote for action. 3 May 2018 Today a shareholder resolution calling on QBE to disclose the risks to its business from climate change was backed by 18.6% of … Read More

Did your super fund vote for climate action?

You may have seen our recent research revealing that the vast majority of Australia’s biggest super funds are regularly voting against climate action at the companies they invest in. Well, super funds were given the opportunity to turn this trend around at three recent annual general meetings. Use the form … Read More