25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG's chair said...
shareholder resolutions
QBE leaves door open to oil and gas phase out
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...
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...
Media Release: Market Forces welcomes QBE’s end to coal finance
Saturday 30 March, 2019: The announcement today by Australia’s largest insurer, QBE, to end its support for the coal industry has been welcomed by environmental finance group Market Forces. “QBE’s decision to withdraw insurance from the coal industry is business and...
Shareholders pressure QBE to end fossil fuel support
Market Forces Campaigner Pablo Brait ready to deliver the resolution to QBE's Sydney offices, 5 March 2019 Today, shareholders coordinated by Market Forces together with the $2.85 billion investment manager Australian Ethical, lodged a resolution calling on QBE...
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...
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...
QBE‘s climate credibility up in smoke
25 February 2019 QBE’s 2018 annual report, released today, disappointingly reveals the insurer will be doing absolutely nothing about its support for dirty fossil fuels for at least two more years - shredding any credibility the company had left when it comes to...
Media release: QBE faces new shareholder resolution in wake of continued climate failure
25 February 2019 Environmental finance campaigning group Market Forces has reacted furiously to QBE’s annual results, which document another year of losses from large catastrophes with no action on climate change. QBE breathed a sigh of relief as it posted a modest...
QBE faces massive shareholder pressure at AGM
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"] Australia’s biggest insurer and fossil fuel underwriter QBE Insurance admits it needs to manage climate change risks much better but rejects shareholder...