QBE & Santos S/holder action group lodge resolutions on Climate Change
For the last few weeks Market Forces and our friends at GetUp and The
Wilderness Society have been working with shareholders in an attempt to
lodge shareholder resolutions on issues including climate risk
disclosure and the management of harmful methane emissions from
And together, we did it!
Through this collaboration we were able to get more than the required 100
shareholders for both Santos and QBE, and lodged those resolutions last
Thursday. Both have now officially disclosed to the Australian Stock Exchange.
This would not have been possible without
shareholders like yourself, so thank you for taking action with us.
These actions have already attracted a lot of media attention, including the
front cover of Fairfax Business. You can see some of the articles here:
-Big investors take a public stand on climate change risk (Sydney Morning Herald)
-Shareholders target QBE over climate change failure (Sydney Morning Herald)
-QBE under pressure to disclose climate risks (Australian Financial Review)
Where to now?
For Santos and QBE
Market Forces will now be having meetings with institutional investors
to brief them on the QBE and Santos resolutions and encourage those big
investors to vote in favour. Santos are being asked to improve the
measurement, management and disclosure of methane emissions in line with
actions their peers in the industry are taking. QBE are being asked to
disclose the risks climate change poses to their business, an issue we
highlighted in an opinion piece last month.
Bill McKibben founder of 350.org coming to Australia
As a part of 350 Australia’s push to make sure that climate change will be front and centre of every election going forward, founder, Bill McKibben, is coming back to Australia at the end of April and early May as part of a global effort to accelerate climate change action.
For those of you who don’t know, Bill McKibben is a global climate activist leader and inspiring speaker.
Bill’s 1989 groundbreaking book, The End of Nature, is regarded as the first book for a general audience about climate change, and has been published in 24 languages. Since then he has written over a dozen more books, and founded 350.org, the first global grassroots climate change movement. In 2012, Bills article “Do the Math” for Rolling Stone magazine became one of the most read articles in the magazine’s history and changed the way the world thought about investment in fossil fuels.
In 2014 Bill was awarded the Right Livelihood Prize, sometimes called the ‘alternative Nobel.’
It is an honour to have Bill visit us again.
Find out the details of Bill’s tour in Australia by visiting 350.org on Facebook and Twitter
Sustainable Tech Fund investing in Global Planet solutions
Performance to 31/01/2018 – 1 year 30.7% p.a.
2 years 23.6% p.a.
Investing in electronic vehicle components and medical robotics. Contact us if you would like advice on whether this fund suits your needs.
Source: Ethical Investment Advisers
Two ETF Fund managers confirm Facebook holdings
ETHI BetaShares Global Sustainability Leaders ETF has divested from Facebook and Van Eck International Sustainable Equity EYF ESGI, does not hold Facebook shares.
BetaShares ETF- Facebook was previously considered on the basis of its strong global leadership on carbon emission metrics (which are nearly 80% better than its industry peers) as well as its responsible advertising & other policies. However the company has in recent times been the subject of a number of controversies & reputational issues, which the Responsible Investment Committee (RIC) has been monitoring on an ongoing basis. These issues include (but have not been limited to) the recent scandal involving data analysis company Cambridge Analytica’s use of personal data from 50 million Facebook users who did not agree to the use of their data.
Community Divestment Evening – Make Fossil Fuels History
Thanks to those of you that came along to this event we had a great evening of sharing information, ideas and conversation.
The Rich Greenie author Stuart Barry Speaks at Riverbend Books
‘What if our actions to save the planet required no sacrifices, made financial sense, and, even better, contributed to us leading brilliant, happy lives?
This would change the world’Don’t forget to go along to Riverbend Books Bulimba to hear our own adviser, Stuart Barry
Wednesday 18th April at 6.30pm
Visit: https://riverbendbooks.com.au/events/the-rich-greenie-stuart-barry to book your tickets.