Many shareholders are concerned about climate change. In addition to having an impact on people and the planet, climate change poses a real and immedi¬ate risk on investments and has broad and longer term effects on the global economy.
Both in Australia and overseas shareholders are taking action to get the companies they hold shares in to disclose the full extent of their involvement in fossil fuels and to start working towards a low carbon economy. The good news is that there is the money for companies who play their part in fixing climate change – and shareholders are pushing their companies to do just that.
After completing research on climate change related disclosures of the four big banks and energy companies, ACCR undertook two resolution campaigns aimed at each group.