Anyone watching the presentation on sustainability at Caltex annual general meeting (AGM) today would think the company, the petroleum brand of Chevron, is earnest about tackling emissions. Chairman Steven Gregg insisted that Caltex is acting in line with the Paris...
shareholder action
Nothing explosive about Orica’s climate disclosures
Orica provide explosives, blasting and tunnelling services to the mining, oil and gas, and construction industries. Unlike some of its industry peers, Orica’s published reports do give shareholders some sense of reality: the company accepts the science of climate...
Resource Generation – “dead” without Noble Group’s backing
30 November 2018 Resource Generation (Resgen) has only one asset — a coal mine they want to build in South Africa. They haven’t yet been able to reach financial close for this mine but that was not the only issue raised at their annual general meeting in Brisbane...
Financial services giant IOOF all hot air when it comes to climate action
28 November 2018 For a company that openly declared it considers climate risk at its annual general meeting (AGM) today, IOOF has done remarkably little to show how it plans to manage those risks. Earlier this year the financial services giant told shareholders it...
Seven Group and Beach Energy dragging their feet on climate disclosure
23 November 2018 Seven Group Holdings has a diverse portfolio that includes industrial services (Coates Hire, CAT dealerships), oil and gas (SGH Energy), and media (41% share in Seven West Media which includes the Seven Network and the West Australian newspaper)....
Climate a hot issue at Bluescope Steel’s annual general meeting
23 November 2018 “Our targets are based on the... Australian [emissions] requirement” chairman John Bevan told shareholders at Bluescope Steel’s annual general meeting (AGM) today in Sydney, where climate change was a hot topic. Whilst acknowledging support for the...
Coal companies called out on future viability
22 November 2018 The recent United Nations Intergovernmental Panel on Climate Change (IPCC) report found that a jump from 1.5ºC to 2ºC of warming would mean the death of the Great Barrier Reef, twice as many people worldwide exposed to water stress, and an extra...
Evolution Mining doesn’t apply gold standard to climate risk disclosure
22 November 2018 Evolution Mining is a gold mining company with operations mainly in Queensland and Western Australia. The gold miner scored dismally low in our latest Investing in the Dark research released in August. The company has not: clearly acknowledged the...
Qube’s climate approach still contains little substance
22 November 2018 Qube is Australia’s largest provider of import and export logistics services, with businesses in ports, bulk, logistics, infrastructure and property. After failing dismally in every aspect of climate related risk disclosure analysed in Market Forces’...
a2 Milk Company skims over important climate change risks
20 November 2018 The a2 Milk Company held its annual general meeting today in Melbourne. The board of the ASX100 listed milk products company admitted to shareholders they had not formally undertaken to educate themselves on climate change and climate-related risk. "I...