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Showing 11 - 20 of 36 results for "Coal mining"

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... environmental finance organisation Market Forces to align with the goals of the Paris Agreement. ANZ's exposure to coal mining increased by 27% to $1.4 billion in 2018 with a further increase to $1.5 billion 2019, while oil and gas exposure increased ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... invested in ESG strategies and that it will now divest all companies deriving more than 10% of revenue from thermal coal mining. "The announcement is long on rhetoric and short on detail. While UniSuper acknowledges that more needs to be done, this policy ...

First State to dump $40m of thermal coal holdings

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... with BHP making up the largest exposure (5.8%). Businesses that derive more than 10% of their revenue from thermal coal mining will be excluded from First State Super's investment remit over the coming months, as part of the super fund's steps ...

HESTA to go zero carbon

RACHEL ALEMBAKIS  |  FRIDAY, 26 JUN 2020
... emissions reduction targets on an annual basis. HESTA was the first major Australian super fund to place a thermal coal mining restriction across all investment options and recently extended this restriction to further eliminate the financing of potentially ...

Industry fund reshuffles leadership

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAY 2020
The $11 billion industry fund for the coal mining sector, Mine Super, has a new deputy chief executive and a new chief risk officer. Vasyl Nair has transitioned from chief risk officer to deputy chief executive. Nair had been chief risk officer at the ...

Former State Super investments chief returns

HARRISON WORLEY  |  MONDAY, 27 APR 2020
... departing the fund and the role of chief investment officer. Rasmussen left the fund in late 2016, eventually joining the Coal Mining Industry Long Service Leave Funding Corporation as chief investment officer in January 2018. About six months later ...

Climate activism not translating to investing

ELIZA BAVIN  |  THURSDAY, 5 MAR 2020
... living in. "By collectively moving our money, we can restrict the capital available to unsustainable business, such as coal mining and fossil fuel production, and make it more difficult for these types of companies to expand," Palmer said. "By both reducing ...

Market Forces takes aim at big banks

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... of the Paris Agreement," said Market Forces research director Jack Bertolus. "This means committing to exit thermal coal mining and coal power generation in OECD countries like Australia by 2030, as Commonwealth Bank has already done." Market Forces ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
Mine Super, the $11 billion industry fund for the coal mining industry, has clarified its position on a number of ESG issues. Vasyl Nair is the chief risk officer for Mine Super, he recently spoke at a panel on ESG issues at the annual Investment Performance ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... US$19 billion loss for BlackRock over three years. In 2011, BlackRock was the top shareholder in Peabody Energy, a coal mining company with operations in the US and Australia, with two million shares equating to an 11% stake in common shares, the report ...