Karoon Gas: not quite the environmentalist it claims to be

An offshore oil rig

30 November 2018 “We are at heart environmentalists,” CEO Robert Hosking of oil explorer and soon-to-be producer, Karoon Gas told shareholders at today’s annual general meeting in Melbourne.  The company, which is about to drill an offshore oil well in Peru that has a CO2 emissions potential of 110 million tonnes … Read More

Climate a hot issue at Bluescope Steel’s annual general meeting

Welding at steel mill

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 global Paris climate accord, the steel manufacturing giant said its emissions … Read More

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 40,000 people in small island … Read More

Evolution Mining doesn’t apply gold standard to climate risk disclosure

Evolution Mining

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 science of climate change  considered climate change as a … Read More

Qube’s climate approach still contains little substance

Containers stacked at a shipping port

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’ latest Investing in the Dark research, Qube appears to finally have recognised the … Read More

a2 Milk Company skims over important climate change risks

Cows and climate change

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 think it’s fair to say in the last … Read More

Wesfarmers: still keeping investors in the dark

Wesfarmers AGM 2018 announcement screengrab

19 November 2018 Earlier this year, Market Forces released its Investing in the Dark research on climate risk disclosure among the top 100 ASX listed companies. Analysis revealed that Wesfarmers has made progress in: acknowledging the science of climate change classifying climate risk as a financial risk considering the risks … Read More