15 December 2022 Just over 8% of shareholders voted in favour of a formal proposal calling on the bank to demonstrate how its funding would not be used for new fossil fuel projects at today's annual general meeting. Last month, a UN High-level Expert Group confirmed...
Shayne Elliott
Tell ANZ: net-zero by 2050 = no new fossil fuels
16 December 2021 Post a message on ANZ’s social media! Call out ANZ: share these social media videos! ANZ shareholders are today gathering at the company’s virtual annual general meeting (AGM), where they’ll hold the bank to account for all manner of issues, key among...
Spread the word about ANZ’s dirty fossil fuel funding
16 December 2021 Call out ANZ: share these social media posts! Post a message on ANZ’s social media! ANZ shareholders are today gathering at the company’s virtual annual general meeting (AGM), where they’ll hold the bank to account for all manner of issues, key among...
ANZ forced to address heavy fossil fuel funding at 2021 AGM
16 December 2021 ANZ faced a formal proposal from shareholders that it commit to stop funding new fossil fuel projects at today’s annual general meeting (AGM). Despite attempts to avoid accountability, the bank’s board also received a barrage of tough questions over...
ANZ fails to rule out funding fossil fuel expansion amidst climate crisis
26 November 2021 ANZ, a bank purportedly committed to net-zero emissions by 2050, today released an updated climate policy that does nothing to prevent it from funding new climate-wrecking oil and gas projects and the companies pursuing them. The policy update comes...
ANZ held to account for climate inaction at AGM
16 December 2020 Following the release of a lacklustre update to its climate policy in October, today's ANZ annual general meeting (AGM) saw the bank's board held to account for the gap between rhetoric and action on climate change. However, perhaps the bank wasn’t as...
Media Release: ANZ, NAB face shareholder resolutions on climate action
ANZ and NAB called upon to reduce exposure to fossil fuels in line with the Paris Agreement’s climate change goals. Thursday 1 October 2020 Environmental finance organisation Market Forces is today lodging shareholder resolutions with ANZ and NAB. The resolutions call...
Media release: ANZ to ditch companies without a climate plan
Will this mean it says 'no' to a $500m loan to gas company Santos? 9 September 2020 ANZ CEO Shayne Elliot says the bank will drop customers who fail to develop low carbon transition plans. Speaking at ANZ’s 2020 ESG briefing yesterday, Elliot said: "But if we get to a...
Media release: Fossil fuel lending by Australian banks tops AU$35bn
New Market Forces analysis - Funding Climate Failure Wednesday 8 July, 2020: Despite repeated pledges and policies to the contrary, Australia’s big four banks have once again increased funding to the expansion of the fossil fuel industry over the past year. The...
ANZ grilled on climate inaction and secret coal plan
17 December 2019 Coal lending was on the agenda two weeks before ANZ's annual shareholder meeting in Brisbane today, as revelations hit the news that ANZ had a secret plan to slash its thermal coal mining loans by 75% (representing more than $700 million) by 2024. The...