This analysis reveals that in 2023, Australia’s big four banks - ANZ, Commonwealth Bank, NAB, and Westpac, continued to pour billions of dollars into the fossil fuel industry. This report argues that this completely undermines their 'climate credentials'.

Since Market Forces first conducted this research at the start of 2018, companies have become more willing to acknowledge climate change risks. However, very few have fully detailed the potential implications of these risks for their particular business. Even fewer have disclosed plans to transition to a business model that aligns with the Paris climate...

Market Forces, working with Vietnamese community organisations and other international NGOs, has found that equator principles (EP) signatory banks are violating those principles in their involvement in syndicates funding five Vietnamese coal-fired power stations. In doing so, they are failing the people that the principles seek to protect.

Market Forces’ latest research has found that 82 of Australia’s 100 largest superannuation funds disclose inadequate or no tangible evidence that they have considered the impact of climate risk on their investment portfolios.

The vast majority of listed Australian fossil fuel companies fail to positively address the Oxford Martin School’s ‘Working Principles for Investment in Fossil Fuels’, thereby providing justification for divestment. The Oxford Martin Principles provide investors with the “terms of engagement” on which they should engage fossil fuel companies: Science, Strategy and, Milestones and Metrics. Positive...