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Showing 1 - 10 of 69 results for "Market Forces"

HSBC receives ESG accolades, criticism on same day

ELIZABETH MCARTHUR  |  THURSDAY, 27 JAN 2022
... own operations and supply chain by 2030, and financed emissions by 2050, or sooner," S&P's report noted. However, Market Forces UK said this net zero goal has been undermined by a recent decision from HSBC. HSBC acts as global coordinator and leads 27 ...

Net zero banks fund $3.5bn in carbon: Market Forces

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
Market Forces claims NAB, ANZ and Westpac are among several banks with net zero commitments that continue to lend to Global Infrastructure Partners, despite its not-so environmentally friendly investments. Market Forces says in total 18 banks, including ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
... exposures at 2019 levels and will reduce these exposures by 50% by 30 September 2026, with the aim of zero by 2030. Market Forces has doubts about the new oil and gas policy, believing it has so many allowances and loopholes that it's unclear how it ...

BlackRock votes against CBA resolution

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... zero emissions by 2050." BlackRock has also made a commitment to transition to net zero by 2050. Activist group Market Forces supported the shareholder resolution asking CBA to stop funding fossil fuel projects. "Commonwealth Bank's updated climate policy ...

UniSuper moves on climate targets

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... oil. Later that year, Pearce said divesting holdings in companies was not an effective strategy. Later in 2020, Market Forces used UniSuper in a divestment campaign aimed at pressuring the fund to divest shares in fossil fuel companies.

Hostplus announces board shakeup

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... position he was only appointed to on June 4. He is also the chair of Whitehaven Coal. Environmental activist group Market Forces turned up the heat on the super fund to oust Vaile, making him the target of an online campaign. "Mark Vaile is the chairman ...

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 ...
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