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Showing 1 - 10 of 34 results for "Coal Mining"

Super funds taking on the climate crisis

ANDREW MCKEAN  |  WEDNESDAY, 30 AUG 2023
... Paris Agreement. To advance its goal, the fund launched a sustainable growth product in 2021 and divested from thermal coal mining companies in 2022. It also plans to invest $2 billion in renewable energy and or low carbon solutions by 2025. Adding a ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... Limited; Tobacco : Amcor PLC; Russian entities : Gazprom PJSC and Rosneft Oil Company; Oil Tar Sands : ConocoPhillips; Coal Mining : Coronado Global Resources Inc., New Hope Corporation Limited and Whitehaven Coal Limited. "ASIC also alleges that following ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... for his expertise in government, investment, climate policy, and industrial relations, as well as a background in coal mining engineering, Combet will chair the Net Zero Agency. He will resign as chair of IFM Investors and ISA effective from June 30. ...

Aware Super progresses net zero efforts

ANNABELLE DICKSON  |  MONDAY, 15 NOV 2021
... also delivers better retirement outcomes for our members." In the last 12 months, Aware Super divested from thermal coal mining and achieved a 45% reduction in emissions in its listed equities portfolio, while maintaining returns for members. About $1 ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
... extraction projects or onboard new customers with a predominant focus on oil extraction. NAB has also capped thermal coal mining exposures at 2019 levels and will reduce these exposures by 50% by 30 September 2026, with the aim of zero by 2030. Market ...

Super funds bow to divestment pressure

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... calling on UniSuper to divest proved successful, with the fund announcing in September 2020 that it would divest thermal coal mining companies including Whitehaven Coal, New Hope Group and Washington H Soul Pattinson. While AustralianSuper, Aware Super ...

AIA under fire for coal holdings

ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
... Our Future and SumOfUs have called for AIA to adopt a coal divestment policy which covers all companies planning new coal mining, power or infrastructure project, or generate at least 20% revenue from mining coal. Additionally, they said the new policy ...

AustralianSuper net-zero promise flawed: MarketForces

KANIKA SOOD  |  WEDNESDAY, 18 NOV 2020
... carbon intensity in 2013. "While there are some positive elements to the new policy, it does not categorically rule out coal mining or coal power investments, set a path to exiting the oil and gas sector, nor set short- and medium-term decarbonisation ...

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 ...
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