market forces

Funds management

Banks continue to fund fossil fuel projects

Despite committing to net zero by 2050, NAB, ANZ, and Westpac have lent to a fund manager that purchased a 49% stake in a 1.6 billion tonne carbon bomb project, according...

Features

Are companies engaging on net zero?

With this year’s United Nations Climate Change Conference now completed, Liam Cormican investigates what industry advocacy groups are addressing when it comes to moving t...

Funds management

Market Forces slams ANZ’s climate plan

Market Forces say ANZ’s updated climate policy falls short in addressing climate change and likened it to “shuffling of the chairs on the Titanic”. ...

Funds management

Banks called out by shareholders on fossil fuel funding

Shareholders of ANZ, NAB, and Westpac have lodged resolutions calling on the banks to stop funding new fossil fuel projects as the banks have continued to undermine net z...

Funds management

Big four lend $35.5b to coal, oil, gas since Paris Agreement

Commonwealth Bank and ANZ are “the worst” offenders with each lending to projects with emissions equivalent to nearly eight years of Australia’s total greenhouse gas emis...

Funds management

Westpac to exit thermal coal by 2030

The bank aims to provide $3.5 billion of new lending to climate change solutions over the next three years. ...

Funds management

Commbank to exit thermal coal by 2030

The Commonwealth Bank has announced it will divest from thermal coal by 2030, after being one of the heaviest lenders to coal, oil, and gas, according to Market Forces. ...