Take action – Call out Cbus’ climate hypocrisy

With millions of people around the world taking to the streets to call for urgent action to halt the climate crisis, Cbus has proved itself a massive climate hypocrite. At AGL’s annual general meeting, Cbus voted against a shareholder proposal that asked Australia’s biggest carbon polluter to reduce its emissions … Read More

QBE’s unanswered questions

Bush fire in Queensland

11 June 2019 It’s not often that an annual general meeting (AGM) can be described as compelling. QBE’s AGM held on 9 May, however, delivered the goods with several questions from the floor resulting in extraordinary exchanges between shareholders and the chairman Marty Becker and CEO Pat Regan. Unfortunately, these … Read More

QBE leaves door open to oil and gas phase out

Bush fire in Queensland

QBE Insurance faced a barrage of questions as well as a shareholder resolution calling for the company to set targets to phase out its exposure to all fossil fuels at its annual general meeting on 9 May 2019. Although QBE took a big step forward in March when it committed … Read More

Adelaide Brighton: not making concrete commitments to Paris

10 May 2019Australian cement manufacturer Adelaide Brighton’s CEO Nick Miller said today that there are opportunities to align his company’s emission reduction targets with the Paris climate accord, although made no commitments. His statement was in response to a shareholder at the company’s annual general meeting asking if Adelaide Brighton … Read More

Rio Tinto investors baulk at climate risk management

9 May 2019 The vast majority of Rio Tinto’s investors – which includes just about every super fund in Australia – today failed to ensure the company acts to manage down its exposure to climate change risk. A Market Forces-coordinated shareholder resolution was put to Rio Tinto’s annual general meeting … Read More

Caltex – out of line & out of time

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 Agreement and taking our global climate emergency seriously. However, a … Read More

AMP Chairman: “My opinions about climate change are irrelevant”

Ms Coral Bleach at AMP's 2019 AGM in Sydney

2 May 2019 Last year, AMP appointed this man as its new Chairman: With a history of climate-sceptic comments like this, it’s unsurprising that Murray was challenged over his views on climate change at AMP’s annual general meeting in Sydney today. He was given every opportunity to redeem himself when … Read More

Op-ed: Investors must reject climate denial on boards, starting with AMP

Market Forces in the media Will van de Pol, Renew Economy 30 April 2019 Climate change is already dominating the federal election campaign, as Messrs Morrison and Shorten dodge and weave protesters, aghast that either major party’s policy could still allow for massive new coal mines like Adani’s Carmichael project. … Read More

Tell your super fund: Vote for climate action!

April 2019 Through your retirement savings, you can have a say in how many Australian companies are run. Tell your super fund to vote for climate action from corporate Australia. Market Forces has worked with shareholders to put climate action on the agenda at three major Australian company meetings coming … Read More