Today, shareholders coordinated by Market Forces together with the $2.85 billion investment manager Australian Ethical, lodged a resolution calling on QBE Insurance to set targets that reduce its investment in and underwriting of coal, oil and gas companies, in line with keeping global warming below 1.5C. This move comes off … Read More
QBE shareholders: take action!
Tell QBE you want them to adopt your shareholder resolution on phasing out fossil fuels 5 March 2019 Today, thanks to you, we lodged a shareholder resolution for QBE’s annual general meeting co-filed with Australian Ethical, an investment manager with $2.85 billion under management. They’ve joined our call for QBE … Read More
Media release: Shareholder resolution at QBE demands an end to fossil fuel masochism
Monday 4 March, 2019 Tomorrow, shareholders coordinated by Market Forces and publicly listed wealth manager Australian Ethical will lodge a shareholder resolution calling on QBE to set targets for reducing its investment and underwriting exposure to fossil fuels in line with the Paris Agreement goal of limiting global warming to … Read More
QBE faces massive shareholder pressure at AGM
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
Shareholder Action 2017
Market Forces is working with shareholders to put climate change on the agenda of Australia’s biggest companies, and getting some great results. Below are some highlights from annual general meetings held in the second half of 2017. 19 December 2017 Click to read our full write up of the ANZ … Read More
Putting climate and human rights centre stage
Around Australia, shareholders are acting to make companies take climate change and human rights seriously. Super fund members like you can help their cause by telling your fund to vote your retirement savings in favour of resolutions that protect people and planet. Having coordinated support from more than 100 shareholders … Read More
Media Release: Shareholders move to force Commbank to manage climate risk
28 August 2017 Shareholders have lodged a first-of-its-kind resolution with Commonwealth Bank that would embed climate change risk management into its constitution. It comes a month after shareholders began court proceedings against the bank over its failure to consider climate change as a material business risk. The resolution, coordinated by … Read More