Archive

CommBank oil and gas funding exit sends 'stark warning' to industry

The Commonwealth Bank of Australia (CommBank) has ruled out direct finance for any new or expanded oil and gas projects in its updated climate policy, described by one campaigner as putting the lender "well above its peers" on climate.

Australian superfunds hit by human rights complaints

Japanese transition hindered by lobbying, says Market Forces

Intense lobbying from heavy industry in Japan is hindering progress and ambition from both government and financial institutions, Market Forces said.

Japan's largest banks hit by shareholder climate action

Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.

Australian regulator urged to investigate ANZ

The Australian regulator has been urged to investigate ANZ over claims it misled investors on a climate resolution at its annual general meeting.

Australia's biggest superfunds accused of greenwashing

Australia's biggest superfunds have been accused of greenwashing by campaign group Market Forces, for failing to engage effectively with high emitters.

Australian superfunds 'dumping fossil fuel stakes'

Australia's largest superfunds are rapidly selling off stakes in fossil fuel companies, a Market Forces report has found.

Commonwealth Bank to face shareholder resolution on emissions targets

The Commonwealth Bank of Australia (CommBank) is to face a shareholder resolution which calls on the bank to stop financing fossil fuel expansion.

Activists file climate resolutions at Japanese companies

Barclays climate strategy contains 'troubling loopholes'

The long-awaited climate strategy announced by UK lender Barclays has been described as "lacking ambition" and including "troubling loopholes" by climate investment campaigners.