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Showing 1 - 10 of 63 results for "Market Forces"

CSC pivots towards divestment

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
... transition in all companies that we invest in so we're having an impact on $50 billion of assets under management." Market Forces, the activist group that advocates for super fund divestment, welcomed the news. "CSC has finally belled the cat, stating ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
... Agreement's goal of limiting global average temperature increase to 1.5C or well below 2C above pre-industrial levels." Market Forces executive director Julien Vincent told Financial Standard Woodside's results aren't a surprise, but they ...

Hostplus enhances ESG option

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
... approach to climate-related risk management at its December 2020 annual members' meeting. The following month, Market Forces put pressure on Hostplus to join a growing list of funds to divest fossil fuels and develop a climate action plan. Hostplus ...

Super funds bow to divestment pressure

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... Australia have now announced divestment from some of the worst carbon emitting companies, according to research from Market Forces. The combined assets under management of the super funds that have started to divest from fossil fuels is now $500 billion ...

Hostplus called out on climate change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
The $50 billion industry super fund Hostplus is the latest fund to be the subject of a campaign from Market Forces, demanding it divest fossil fuels and develop a climate action plan. Activist group Market Forces recently had success lobbying UniSuper ...

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
... super funds who claim to also be targeting net-zero emissions should not be investing in companies like Santos, Market Forces asset management campaigner Will van de Pol told Financial Standard . "Some of the major environmental issues the Narrabri project ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... coal exposure to support diversification plans and if not in place, will expected strategies by 2025. Climate group Market Forces said the updated policy means no major Australian bank or insurer, apart from NAB, is willing to back thermal coal beyond ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... fossil fuels. NAB and ANZ have had shareholder resolutions lodged against them by 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 ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... detail. While UniSuper acknowledges that more needs to be done, this policy creates more questions than answers," Market Forces asset management campaigner Will van de Pol said. "Without a clear plan to reduce exposure to all fossil fuel production and ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... superannuation funds. "The PC's proposed "best in show" was flawed and is unlikely to be introduced. Instead, market forces will reduce the number of funds and they will all be bigger and much stronger than the funds existing today," Rice Warner ...
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