News
Media comment, updates and analysis from the ACCR team.
Media release
New research: "Shell’s LNG strategy: Overcooked?”
ACCR has published research that suggests Shell plc’s ambitious LNG growth strategy risks eroding shareholder value.
Media release
Greenwashing Proceedings in Federal Court
ACCR's greenwashing claims against Santos Ltd is due to begin in the Federal Court of Australia, on Monday 28 October.
Media release
Rio Tinto responds to investor calls for better climate advocacy
In light of Rio Tinto’s updated position, ACCR will recommence engagement with Rio Tinto on its climate and decarbonisation opportunities.
Media release
Active ownership delivers outcomes: BHP improves scope 3 disclosures & investors withdraw resolution
Major institutional investors representing nearly US$110 billion assets under management have withdrawn a shareholder resolution filed with BHP Group Limited (BHP), following improved disclosures in the company’s 2024 Climate Transition Action Plan (CTAP).
Media release
Back to the Future 2: Japanese steelmaker Nippon Steel commits to coal-fired steel in USA for decades
Nippon Steel Corporation (NSC) will invest in extending the production life of a coal-dependent, carbon-intensive blast furnace currently operated by U.S. Steel.
Media release
Back to the future: Japanese steelmakers Nippon Steel and JFE Steel buy into Australian coal mine
Nippon Steel Corporation (NSC) and JFE Steel (JFE) have collectively bought 30% of Whitehaven Coal’s Blackwater metallurgical coal mine in Queensland, Australia.
Media release
New chair opens up opportunity for step change at AGL
ACCR is commenting on the announcement that AGL Energy Limited Chair, Patricia McKenzie, will retire in February 2025 and will be replaced by Miles George as Chair-elect.
Media release
Glencore holds on to coal: ratcheted up transition risk needs a plan
ACCR is commenting on today’s widely anticipated announcement from Glencore plc that it will not demerge its coal business, including the newly acquired Elk Valley Resources (EVR).
Media release
New research: What’s next for Woodside?
Woodside’s peers are adding value to shareholders by increasing returns - especially through buybacks. With Woodside’s poor pre-FID portfolio it has a strong incentive to follow this trend.
Media release
Rio Tinto climate hypocrisy: ACCR to disengage following revelation of lobbying the Prime Minister on climate trigger
ACCR is now stepping away from an agreement to support climate and decarbonisation related engagement with Rio Tinto.
Media release
Woodside thumbs its nose at majority of investors, doubles down with Driftwood LNG
ACCR is commenting on the announcement that Woodside Energy Group Ltd is acquiring Tellurian (NYSE: TELL)
Media release
New research: Investors willing to go harder, faster on green steel
Investors are willing to move harder and faster than companies and policymakers towards a green steel sector, and are seeking more supportive market conditions so they can lift investment.
Media release
Proposed changes to Australian mandatory disclosure liability a sensible accountability safeguard
ACCR is commenting on proposed amendments to the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, which currently sits before the Australian Senate.
Media release
Nippon Steel: shareholders deliver Japan’s largest ever vote in support of climate lobbying resolution
Investors in the world’s fourth largest steelmaker have shown significant support for three climate-related shareholder proposals.t the annual general meeting (AGM) in Tokyo.
Media release
Shareholders vote for improved climate strategy at Nippon Steel’s AGM
Investors in Nippon Steel Corporation (NSC) have shown support for three shareholder proposals at the annual general meeting (AGM) in Tokyo.
Media release
Investors still in the dark on Glencore’s transition risk
ACCR is commenting on the results of Glencore plc’s 2024 Annual General Meeting.
Media release
Shell faces scrutiny for weakened climate plan
Under the UK Corporate Governance Code, Shell will again have to consult with its shareholders, given the above 20% formal ‘against’ vote on its Energy Transition Strategy.
Shareholder Resolution
Shareholder proposals to Nippon Steel Corporation on climate targets, executive compensation and climate lobbying
ACCR has co-filed three shareholder proposals to Nippon Steel Corporation on climate targets, linking executive compensation to emissions reduction targets and enhancing climate lobbying disclosures.
Media release
Global asset managers back shareholder proposals urging Nippon Steel to lead on steel decarbonisation and climate lobbying
ACCR, alongside Corporate Action Japan (CAJ) and Legal & General Investment Management (LGIM), have today announced the co-filing of a set of three shareholder proposals to Nippon Steel Corporation.
Media release
J-POWER responds to shareholder pressure: five coal-power units to close by 2030
J-POWER has committed to closing five coal power generation units within domestic coal plants by FY 2030.
Media release
Equinor AGM: voting non-state shareholders revolt as 32% support climate proposal
ACCR is responding to the results of the Equinor ASA Annual General Meeting (AGM).
Media release
Status quo inconceivable: majority of investors reject Woodside’s climate strategy
ACCR is commenting on the results of the Woodside Energy Group (WDS) Annual General Meeting (AGM).
Media release
Shareholder resolution can help steer Equinor towards Paris
ACCR is responding to the announcement of a shareholder resolution filed at Equinor ASA by a group of institutional investors led by Sarasin and Partners LLP (Sarasin).
Media release
Shell commits to shedding light on emerging market lobbying
Shell plc will disclose information about its climate and energy lobbying in “5-10 emerging and developing markets that are significant for our strategy, before our 2025 AGM.”
Media release
Santos board granted another year to resuscitate share price
ACCR is commenting on the results of 2024 Santos Ltd Annual General Meeting (AGM).
Media release
New research: moving out of international waters sets Equinor on path towards Paris
ACCR research shows that Equinor has a huge opportunity to make material steps towards Paris alignment in a way that makes commercial sense for shareholders.
Media release
Proxy adviser calls time on Woodside Chair, Richard Goyder
ACCR is commenting on media reports that proxy adviser CGI Glass Lewis has recommended against the re-election of Woodside Chair, Richard Goyder.
Media release
Coal miner Glencore defies investors - places reckless bet against the energy transition
ACCR is commenting on the release of Glencore plc’s Climate Action Transition Plan.
Media release
Setting a new standard: Rio Tinto commits to improved disclosure of plans to rein in emissions from iron ore processing
Following engagement with ACCR and other investors, Rio Tinto has committed to significantly enhancing its disclosures prior to the 2025 AGM.
Media release
No change at Woodside: Chair Richard Goyder rebuffs investor push for board up-skill
ACCR is commenting on the release of Woodside Energy Group’s notice of meeting, ahead of the company’s 2024 annual general meeting (AGM).
Media release
“Short-sighted”: Shell stalls again on climate
ACCR is responding to the publication today of Shell’s 2024 Energy Transition Strategy.
Media release
New research: Santos shareholders better off with capital return strategy
ACCR research finds a capital return strategy - share buybacks - offers higher value than delivering the portfolio of selected unsanctioned projects, with lower risk and fewer emissions.
Media release
New research: time for steel to shed its coal problem
ACCR research finds that across every stage of the value chain, companies are taking advantage of advancements in technology to enable less carbon intensive steelmaking.
Media release
New research: Shell’s climate lobbying disclosures leave investors in the dark
ACCR published research highlighting how Shell plc is failing to disclose to investors its climate lobbying in emerging markets.
Media release
Systemic failings on climate governance: ACCR files members’ statement against re-election of Woodside Chair, Richard Goyder
ACCR has filed a members' statement with Woodside Energy Group (ASX:WDS) against the re-election of Richard Goyder.
Shareholder Resolution
Members’ statement for resolution relating to the re-election of Richard Goyder
ACCR has filed a members' statement with Woodside Energy Group (ASX:WDS) against the re-election of Richard Goyder.
Media release
New tone, same climate plan: spotlight must be on Woodside chair
ACCR is commenting on the release today of Woodside Energy Group’s annual results and 2023 Climate Transition Action Plan (CTAP).
Media release
Santos dividend no fix for share price woes
ACCR is commenting on the release today of Santos Ltd’s annual results for 2023.
Shareholder Resolution
Members’ statement for resolution relating to the re-election of Keith Spence
ACCR has filed a members' statement with Santos Ltd (ASX:STO) against the re-election of Keith Spence.
Media release
Leadership hits the wall: ACCR files members’ statement against re-election of Santos’ Chair
ACCR has filed a members’ statement against the re-election of Santos Ltd Chair, Keith Spence, at the company’s upcoming annual general meeting.
Media release
Santos Woodside merger dead: time for new vision
ACCR is commenting on announcements to the ASX from Woodside Energy Group and Santos Ltd that discussions regarding a potential merger have ceased.
Media release
Santos finally comes clean on Barossa guidance
ACCR is commenting on the release today of Santos Ltd’s fourth quarter report, for the period ending December 31 2023.
Media release
Federal Court ruling on Barossa pipeline gets Santos out of hot water - for now
ACCR is commenting on the Federal Court decision in Munkara vs Santos, in relation to the legal challenge by Tiwi Traditional Owners to Santos’ approval to lay its Barossa gas export pipeline.
Media release
Incentives boost green steel in Japan
Incentives which support the transition to electric arc furnaces are timely. The Japanese government clearly sees the opportunity for accelerating the transition of a nation-critical industry.
Media release
Woodside and Santos merger discussions: Time for cool heads in the face of hurdles and complexity
Whilst the confirmation of early stage discussions between Woodside and Santos has seen an explosion of commentary and speculation, it is important that cool heads prevail and to acknowledge that there are significant headwinds against a deal.
Media release
New research: Australia’s “golden era” of gas a dud for shareholders
The failure of the Australian LNG industry to deliver shareholder value requires scrutiny from investors as the industry seeks to progress new projects.
Media release
Santos Investor Day briefing - the rinse and repeat is becoming farcical
ACCR is commenting on Santos Ltd’s 2023 Investor Day, held in Sydney today.
Media release
Woodside: all spin, no substance on climate
Woodside (ASX:WDS) is a company that doesn’t listen, led by a board that lacks the agility and skill-set to properly confront the risks and opportunities of the energy transition.
Media release
Qantas AGM: Another shareholder rebuke for Goyder-led board
The parallels between today’s vote at Qantas and the Goyder-led Woodside AGM earlier this year are impossible to ignore.
Media release
Santos Q3 2023 report raises important questions
ACCR is commenting on the release of Santos Ltd’s third quarter report
Media release
Once again, BHP plays pass the parcel on emissions
ACCR is commenting on BHP’s announcement that Whitehaven Coal will acquire its two Queensland coal mines, Daunia and Blackwater
Media release
New report: Australian companies lag behind their US counterparts on transparency and governance of political expenditure
New ACCR research found significant gaps between what companies commit to on the topic of climate lobbying, and what governance and disclosure they implement
Media release
Government and investors face decommissioning ticking time bomb
ACCR warned that tighter regulation of oil and gas decommissioning was long overdue, after federal Resources Minister Madeleine King announced an issues paper on decommissioning
Media release
APPEA rebrand confirms spin is all fossil fuels have left
ACCR is commenting on the Australasian Petroleum Production and Exploration Association’s announced name change and associated rebrand to become Australian Energy Producers.
Media release
Trion approval more a millstone than a milestone
ACCR is commenting on Woodside Energy Group’s (ASX:WDS) announcement that the Trion deepwater project in the Gulf of Mexico has received regulatory approval from the Mexican regulator
Media release
Woodside’s sugar hit over, time to face reality
ACCR is commenting on Woodside Energy Group’s (ASX:WDS) 1H 2023 results announced today.
Media release
Woodside’s next “wave of growth” creates barely a ripple for shareholders
Woodside's (ASX:WDS) portfolio of unsanctioned oil and gas projects does not appear to be a material source of value for shareholders.
Media release
J-POWER faces second consecutive year of shareholder dissent on climate at AGM
J-Power investors have once again signalled a lack of confidence in the company’s current decarbonisation strategy.
Media release
Australasian Centre for Corporate Responsibility updates case against Santos in Federal Court
ACCR filed a Further Amended Originating Application and Further Amended Concise Statement in its proceedings against Santos over alleged greenwashing.
Media release
Woodside board approves Mexican oil project despite constellation of risks
ACCR is commenting on Woodside Energy Group’s (ASX: WDS) announcement that it has made a final investment decision (FID) on the Trion greenfield oil development in the Gulf of Mexico.
Media release
“Impossible for Glencore to ignore”: Coal-mining giant hit with large shareholder vote on thermal coal risk at AGM
29.22% of Glencore shareholders voted in support of the thermal coal resolution. The result is a clear indication that institutional capital is increasingly alert to the risks of thermal coal and investors expect disclosures that enable them to navigate energy transition risks.
Media release
Investors applaud Nippon Steel, as world’s fourth largest steel company takes strides towards green steel
A group of investors in Nippon Steel Corporation has welcomed the company’s concrete steps towards achieving its decarbonisation targets.
Media release
Global asset managers with close to US$3 trillion AUM support climate shareholder resolution filed with J-Power - flag voting ‘no’ on director
Three major institutional investors announced their support for a shareholder resolution filed with J-Power - with each also signalling an intent to vote against the director principally responsible for its climate strategy.
Shareholder Resolution
Shareholder Resolutions to J-Power on emissions reduction targets and remuneration incentives
ACCR has co-filed Shareholder Resolutions to J-Power to set Paris-aligned emissions reduction targets and remuneration incentives.
Media release
“Missed opportunity”: Glencore ignores major investors’ calls for transparency on thermal coal as crucial climate-vote looms
Major institutional investors have expressed disappointment at the decision by Glencore’s board to decline the request for greater transparency.
Media release
Woodside pays for climate failings with record-breaking vote against director Ian Macfarlane
ACCR is commenting on the results of Woodside Energy Group’s 2023 Annual General Meeting (ASX: WDS).
Shareholder Resolution
The Statement of Indicative Support for the Glencore Thermal Coal Resolution
Statement of indicative support for investors and their representatives for the terms of the shareholder resolution to Glencore plc.
Media release
Surge in investors demanding greater transparency from Glencore on thermal coal production
Nine institutional investors have publicly backed a shareholder resolution seeking greater transparency on Glencore’s thermal coal production.
Media release
Woodside scrambles at 11th hour to save directors’ jobs
ACCR is commenting on Woodside Energy Group exclusively notifying some investors of an intention to provide shareholders with a non-binding advisory vote on its climate plan in 2024
Media release
“The tide is turning”: Significant vote against directors at Santos AGM
ACCR is commenting on the results of Santos’ 2023 Annual General Meeting, where sizeable votes were recorded against all three directors facing re-election.
Media release
“Extremely welcome”: Rio Tinto commits to enhancing its advocacy for effective climate policy
ACCR is commenting upon Rio Tinto’s commitment to enhance its approach to climate advocacy by disclosing the policy settings it needs to meet its 2030 climate target of 50% reduction in scope 1 and 2 emissions.
Media release
“Time’s up”: Institutional investors call for Woodside directors to be held to account on climate strategy
ACCR is calling on Woodside directors to be held to account for the board’s repeated failure to present a credible climate strategy.
Shareholder Resolution
Members’ statements relating to the re-election of directors to the Woodside Energy board
A coalition have co-filed members’ statements with Woodside Energy Group (ASX:WDS), calling on directors to be held to account for the board’s repeated failure to present a credible climate strategy.
Media release
Woodside board appointments reinforce investor concerns on climate strategy
ACCR is commenting on the announced changes to Woodside’s board of directors
Media release
New analysis: risky rate of return for Woodside Mexican oil project
The ACCR has today released new analysis on Woodside’s Trion project - a greenfield deep-water oil development in the Gulf of Mexico.
Media release
“Poor corporate governance”: Woodside ignores investor concerns on its climate strategy
The ACCR is commenting on Woodside’s 2022 Climate Report released today. This report follows the dismal Say on Climate vote at Woodside’s AGM last year, where 49% of Woodside shareholders voted against the company’s 2021 Climate Report.
Media release
Santos’ CEO growth bonus remains in place as board faces potential second strike
ACCR is commenting on the release of Santos’ 2022 Annual Report, including its remuneration report. The company faces a ‘second strike’.
Media release
New research raises doubts about Paris-alignment of mining giant Glencore - increasing pressure as the company faces a shareholder resolution on thermal coal.
ACCR released research showing that based on current disclosures by Glencore and its stated strategy, the company’s forecast cumulative emissions from coal production do not appear to be Paris-aligned.
Media release
“Culture of avoiding accountability”: Whistleblower debunks Santos’ claim oil spill didn’t kill dolphins
ACCR is commenting commenting on the statement and photos from a Santos whistleblower claiming that an oil spill from the Varunus Island Gas Plant appears to have resulted in the death of dolphins.
Media release
Santos progresses marginal fossil fuel project under guise of energy security, CEO’s pay packet the only clear winner
ACCR is commenting on Santos’ announcement about the progress of regulatory approvals for its Dorado oil project.
Media release
Government ignores the billion tonne elephant in the room with its Safeguard Mechanism updates
ACCR is commenting on on the release of proposed changes to the National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule.
Media release
Global investors unite on first ever shareholder resolution targeting Glencore’s coal production
ACCR is commenting on the first time investors have filed a climate resolution specifically focusing on Glencore’s thermal coal production.
Shareholder Resolution
Shareholder Resolution to Glencore PLC on thermal coal production
A global coalition has filed a Shareholder Resolution to Glencore PLC (LON:GLEN) seeking greater insights into the specific plan to align thermal coal production.
Media release
APPEA and members need to read the room
ACCR responding to comments made today by APPEA Chair, Woodside CEO and ex-Exxon executive Meg O’Neill on ABC Radio National Breakfast.
Media release
Glencore acknowledges folly of coal expansion - cancels massive proposed greenfield coal mine in Australia
ACCR is commenting on Glencore withdrawing applications for approval for its Valeria greenfield coal mine.
Media release
Groundhog Day: Woodside stuck in denial of the energy transition
ACCR is commenting on Woodside’s Investor Briefing Day 2022 in which the company announced no changes to its climate transition plan.
Media release
BHP and Rio Tinto-funded advocacy continues to subvert democracy
ACCR is commenting on the Minerals Council of Australia’s recent threat to fund an anti-Labor advertising.
Media release
AGL shareholders make history by renewing board with climate competence and ambition
ACCR is commenting on the results of the AGL Energy (ASX: AGL) 2022 Annual General Meeting, where the four directors nominated by Grok Ventures received majority support and will join the company board.
Media release
BHP no longer leading and not even following on climate
ACCR is commenting on the results of the 2022 BHP Annual General Meeting, where our shareholder resolutions on positive advocacy and climate accounting received 12.73% and 18.67% support respectively.
Media release
Proxy advisers reinforce AGL chair concerns
ACCR is commenting on the published details of the Glass Lewis and ISS proxy advice regarding AGL Energy (ASX: AGL).
Media release
IEA destroys energy security argument for new fossil fuels
The IEA has made it clear that the tragedy of the Ukraine war is a temporary sugar rush for fossil fuel companies.
Media release
Heritage preserved: Glencore’s coal mine refused
ACCR is commenting on the decision made today to refuse Glencore’s Glendell coal mine proposal due to heritage impacts.
Media release
AGL climate plan falls short of Paris, McKenzie not the Chair to deliver
ACCR will vote against AGL Energy’s (ASX: AGL) climate plan at the company's upcoming AGM, on November 15, 2022. ACCR will also be voting against the re-election of AGL Chair, Ms Patricia McKenzie.
Media release
Origin’s shift away from gas expansion celebrated by investors with 94% support for climate plan
ACCR is commenting on the results of Origin Energy’s 2022 AGM (ASX: ORG), including the company’s Say on Climate vote.
Media release
BHP ‘delusional’, seeks coal mine extension to 2116
BHP's (ASX: BHP) move to extend the Peak Downs coal mine for 93 years to 2116 is delusional.
Media release
AGL finally reads the room, brings forward Loy Yang closure by 10 years
ACCR is commenting on AGL Energy’s (ASX: AGL) announced Strategic Review and Climate Transition Action Plan (CTAP) including the closure of the Loy Yang A power station.
Media release
Origin concedes to investor pressure, will include climate sensitivity in financial statements
ACCR is withdrawing its shareholder resolution calling for Origin Energy (ASX: ORG) to include a 1.5°C climate change sensitivity analysis in its 2023 financial statements, after Origin agreed to deliver this information.
Media release
Safeguard mechanism with teeth needed
ACCR is commenting on its submission to the Safeguard Mechanism reform.
Media release
Beetaloo divestment will not reduce emissions
ACCR is commenting on Origin’s (ASX: ORG) recent announcement that it will divest 100% of its interest in the Beetaloo Basin to Tamboran (ASX:TBN).
Media release
AGL: Botton, Smith-Gander and Hunt exit brings scope for fresh strategy
ACCR is commenting on AGL Energy’s (ASX: AGL) announcement that Peter Botten and Diane Smith-Gander are exiting the AGL board immediately.
Media release
Woodside blindly progresses Browse despite all advice to the contrary
Woodside's (ASX:WDS) updated environmental approvals still fail to seriously consider Browse’s emissions.
Media release
It’s showtime: HESTA not giving up on 1.5°C, holding fossil fuels to account
HESTA will be holding AGL Energy, Origin Energy, Woodside Energy and Santos to account over the gaps between their strategies and a 1.5C pathway.
Media release
Woodside uses war profits to double down on gas over transition
With Woodside (ASX:WDS) continuing to ignore investor demands, it’s time for investors to appoint climate competent directors.
Shareholder Resolution
ACCR Shareholder Resolutions to BHP Group Ltd on climate advocacy, accounting and audit
ACCR has filed Shareholder Resolutions to BHP Group Ltd (ASX: BHP) on climate policy advocacy and the inclusion of climate sensitivity analysis in financial statements.
Media release
ACCR calls on BHP to lead on climate advocacy, reflect climate risk in financial statements
BHP is Australia’s largest company (ASX: BHP) with huge political influence and a massive opportunity to align business interests and policy with a safe climate.
Media release
Origin’s climate cognitive dissonance: failure to factor in emissions from much hyped new gas basins
ACCR is commenting on a newly released Climate and Transition Plan issued by Origin Energy (ASX:ORG).
Media release
Australasian Centre for Corporate Responsibility expands landmark Federal Court case against Santos
ACCR has now filed to expand its case to include alleged greenwashing in Santos’ 2020 Investor Day Briefing and 2021 Climate Change Report.
Media release
Welcome news: South32 walks away from Dendrobium expansion
ACCR is commenting on South32’s announcement that it will not proceed with the Dendrobium metallurgical coal mine in the Illawarra.
Media release
Questions must be asked about delayed AGL board renewal and CEO appointment
ACCR is commenting on AGL’s annual results (ASX:AGL) which were at the low end of previous guidance for the year ended 30 June 2022.
Media release
Safeguard Mechanism consultation will be feeding frenzy for industry lobby
ACCR is commenting on the commencement of Federal Government consultation on the Safeguard Mechanism.
Media release
Climate in Origin’s financial statements: Closer but no cigar
ACCR is commenting on Origin Energy’s Full Year Results (ASX:ORG), in which it reported a 30% increase in underlying profit.
Media release
Origin’s industry association review ignores glaring misalignment with Paris Agreement by fossil fuel pushers
ACCR is commenting on a newly released Review of Industry Associations by Origin Energy (ASX:ORG).
Media release
BHP’s coal business cashes in despite its climate claims
ACCR is commenting on BHP’s results for the year ended 30 June 2022. Climate leaders don’t develop new coal mines.
Media release
Origin’s climate risk is material, must be in financial statements
ACCR has filed a shareholder resolution with Origin Energy (ASX:ORG), seeking that the company include a climate sensitivity analysis in its audited financial statements.
Shareholder Resolution
ACCR Shareholder Resolutions to Origin Energy Ltd on climate sensitivity analysis
ACCR has filed Shareholder Resolutions to Origin Energy Ltd (ASX:ORG) on climate sensitivity analysis in its audited financial statements
Media release
Divestment a cop out - no evidence that divestment decreases emissions
Climate-aware institutional investors considering divesting should be thinking very hard about what power they are giving up.
Media release
Origin a winner and loser in energy crisis
Just like its local and global peers, Origin’s LNG business has benefited significantly from Putin’s invasion of Ukraine.
Media release
ACCR appeals Woodside’s carbon bomb
In the face of escalating climate threats, the WA EPA has buried its head in the sand and recommended that Woodside (ASX:WDS) be licensed to unlock this carbon bomb out to 2070.
Media release
Woodside’s BHP merger drives further war profiteering
Questions need to be asked about the capacity of a company like Woodside (ASX:WDS) to transition.
Media release
Glencore knew of coal’s “gaseous nature” - action required on methane pollution
Methane measurement technology is improving all the time, and coal miners like Glencore cannot continue to bat off the unwanted attention on Scope 1 emissions.
Media release
Strong call by J-Power shareholders to strengthen decarbonisation strategy
First institutional investor group-led climate shareholder proposals filed in Japan receive strong investor support
Media release
BHP finally listens to investors and commits to wind down Australia’s biggest thermal coal mine
ACCR is commenting on BHP abandoning its pursuit of the Mt Arthur thermal coal mine extension to 2045 and its plans to divest the mine.
Media release
Glencore must step up after shareholder dissent to Climate Progress Report
ACCR has released a letter to Glencore with five recommendations that would go towards addressing shareholder's climate plan concerns.
Media release
ACCR Supports Calls for National Cultural Heritage Protection Standards
ACCR has rebutted the Western Australian Minister for Aboriginal Affairs’ claim that the State’s new heritage protection laws are “gold standard”, and has supported calls for national cultural heritage protection standards.
Media release
AGL Energy bloodbath was years in the making
ACCR is commenting on AGL Energy’s (ASX:AGL) withdrawal of its demerger proposal, and the departure of four directors from the board.
Media release
JFE Holdings Shareholders Welcome Company’s New Climate Commitments
Man Group, Storebrand and ACCR welcome the announcement of enhanced climate commitments by JFE Holdings (“JFE”), one of Japan’s leading steelmakers.
Media release
Woodside walloped on climate as it doubles down on fossil fuels with approved merger
At 48.97% against, Woodside has surpassed Santos (36.93% against) as the company with the lowest level of shareholder support for a transition plan since the inception of the Say on Climate mechanism.
Briefing note
ACCR questions for Ernst and Young as the auditor of the Woodside Petroleum Limited’s 2021 financial statements
As Woodside Petroleum Limited’s (ASX:WPL) auditor, Ernst and Young has a duty to ensure WPL’s financial statements are true and fair.
Media release
First institutional investor group-led climate shareholder proposals filed in Japan
US$3 trillion investor group encourages J-Power to scale up climate commitments
Shareholder Resolution
ACCR Shareholder Resolutions to J-Power on emissions reduction targets and disclosures
ACCR has filed Shareholder Resolutions to J-Power to set credible emissions reduction targets and disclose plans to achieve them.
Media release
AGL ignores majority of shareholders, fails to set Paris-aligned targets
ACCR is commenting on the demerger scheme booklet published by AGL Energy (ASX:AGL).
Media release
Rio Tinto under pressure over QMM debacle and climate
ACCR is commenting on on the Rio Tinto AGM where questions were raised about issues at its QIT Madagascar Minerals (QMM) minerals sands mine in Madagascar and its approach to climate change.
Media release
Santos shareholders revolt on climate, rubber-stamp lobbying
ACCR is commenting on the results of the Santos (ASX:STO) annual general meeting.
Media release
Glencore shareholders deliver rebuke to board over coal plans
ACCR is commenting on the results of the Glencore annual general meeting (AGM), held yesterday in Zug, Switzerland.
Media release
New ACCR analysis: investors rubber stamping weak climate plans
ACCR has published new analysis of the voting records of Australia’s largest super funds and the world’s largest investment managers on ‘Say on climate’ resolutions in 2021.
Media release
New research: ‘Damning’ - Glencore’s emissions baseline understated by at least 24%
ACCR has published new analysis of the impact of underreported methane emissions on Glencore’s operational emissions footprint.
Media release
Finally, Rio Tinto exits the Queensland Resources Council
ACCR is commenting on Rio Tinto’s exit from the Queensland Resources Council (QRC) as triggered by ACCR’s shareholder resolution.
Media release
Rio Tinto’s decision on Queensland Alumina welcome; Origin Energy still to act
ACCR is welcoming Rio Tinto’s decision to take on the capacity and governance of Queensland Alumina.
Media release
IPCC: lobbying by vested interests is the problem
ACCR is commenting on the Intergovernmental Panel on Climate Change (IPCC) Working Group III, Sixth Assessment Report.
Media release
Climate Action 100 benchmark: too much carrot, not enough stick for the biggest polluters
ACCR is commenting on the Climate Action 100+ Net Zero Company Benchmark.
Media release
Cognitive dissonance: Glencore’s coal expansion plans are not ‘responsible’
ACCR is calling on Glencore shareholders to oppose Glencore’s second ‘Say on Climate’ (vote on progress), and the re-election of Peter Coates.
Media release
AEMO confirms need to get off gas
ACCR is commenting on AEMO’s Gas Statement of Opportunities 2022.
Media release
Santos confirms gas-fired recovery is all about exports
ACCR is responding to remarks from Santos’ Strategic Adviser External Affairs, Tracey Winters, at the Senate inquiry into oil and gas exploration and production in the Beetaloo Basin.
Media release
Origin Energy & Rio Tinto must act on sanctions
ACCR is calling on Origin Energy (ASX:ORG) and Rio Tinto (ASX:RIO) to take immediate action to quarantine the interests of both Oleg Deripaska and Viktor Vekselberg in their respective joint ventures.
Media release
Origin Energy & Rio Tinto must take immediate action on Deripaska and Vekselberg interests
ACCR welcomes the Federal government’s decision to sanction Russian oligarchs Oleg Deripaska and Viktor Vekselberg.
Media release
Origin Energy must act on Vekselberg before sanctions
ACCR is calling on Origin Energy (ASX:ORG) to suspend its relationship with Falcon Oil & Gas until such time as Viktor Vekselberg’s interest in the company is quarantined.
Media release
Rio finally breaks ranks with WA Chamber of Minerals and Energy
ACCR welcomes Rio Tinto breaking ranks with the WA Chamber of Minerals and Energy by throwing its support behind the Commonwealth cultural heritage protection law reform process.
Media release
Rio Tinto and Worley’s exits from Russia welcomed
ACCR is welcoming the announcements by Rio Tinto (ASX:RIO) and Worley (ASX:WOR) today, confirming their severing of ties with Russia.
Media release
Origin Energy’s Science Based Target to be revoked over climate wrecking gas basins
ACCR is commenting on Origin Energy’s (ASX:ORG) strategy refresh.
Media release
AGL Energy board gambling with other people’s money
ACCR is commenting on the decision by the AGL Energy (ASX:AGL) board to reject a second bid from the Brookfield consortium of $8.25.
Media release
AGL Energy directors lack skin in the game
ACCR is challenging AGL Energy (ASX:AGL) directors’ claims that the takeover bid by the Brookfield consortium does not represent fair value for shareholders.
Shareholder Resolution
ACCR Shareholder Resolution to Rio Tinto Limited on climate-related lobbying
The Australasian Centre for Corporate Responsibility (ACCR) has withdrawn the shareholder resolution asking Rio Tinto (ASX:RIO) to suspend membership of industry associations that continue to advocate for the development of new and expanded coal mines.
Media release
Window dressing: Origin must suspend JV with Falcon
ACCR is calling on Origin Energy to suspend its joint venture with Falcon Oil & Gas in the Beetaloo Basin.
Media release
IPCC report: fossil fuels are “choking humanity”
ACCR is responding to the Intergovernmental Panel on Climate Change (IPCC) report Climate Change 2022: Impacts, Adaptation and Vulnerability.
Media release
Australian companies must urgently review ties with Russian oligarchs
ACCR is calling on Australian companies to immediately review their relationships with companies linked to the oligarchs aligned with Russian President Vladimir Putin.
Media release
Rio Tinto board fails to deliver on 2021 lobbying commitment
ACCR is commenting on Rio Tinto’s (ASX:RIO) Industry Association Disclosure.
Media release
AGL takeover bid unlikely to be the last
ACCR is commenting on the board of AGL Energy’s (ASX:AGL) decision to reject an unsolicited, non-binding takeover bid from a consortium of investors led by Brookfield Asset Management.
Media release
Woodside’s Scope 3 plan is a joke
ACCR is commenting on Woodside Petroleum’s (ASX:WPL) 2021 Climate Report, including its plan for Scope 3 emissions.
Media release
Origin shows AGL how it’s done, must now address gas
ACCR is commenting on Origin Energy’s (ASX:ORG) decision to bring forward the closure date of its Eraring coal-fired power station to 2025.
Media release
Solution to shortfall is getting off gas
ACCR is commenting on forecasts from the Australian Competition and Consumer Commission (ACCC) that suggest there is a risk of a shortfall of gas in the east coast gas market from 2026.
Media release
Not cheaper, not clean and not displacing coal: new ACCR report debunks gas industry spin
The ‘Facts over fiction: debunking gas industry spin’ report findings are in direct contrast to the Australian LNG industry’s spurious claims that gas has a role to play in the transition to a low carbon economy.
Shareholder Resolution
ACCR Shareholder Resolutions to Woodside Petroleum Ltd on climate-related lobbying & decommissioning
The Australasian Centre for Corporate Responsibility (ACCR) has filed shareholder resolutions asking Woodside (ASX:WPL) to cease advocacy of its industry associations and disclose decommissioning liabilities.
Shareholder Resolution
ACCR Shareholder Resolutions to Santos Ltd on climate-related lobbying & decommissioning
The Australasian Centre for Corporate Responsibility (ACCR) has filed shareholder resolutions asking Santos (ASX:STO) to cease advocacy of its industry associations and disclose decommissioning liabilities.
Media release
ACCR demands more transparency on decommissioning, calls for an end to pro-oil & gas lobbying
ACCR has filed shareholder resolutions with Santos Limited (ASX:STO) and Woodside Petroleum Ltd (ASX:WPL), calling on both companies to improve their disclosures on decommissioning liabilities, and to cease direct and indirect advocacy for oil and gas expansion.
Media release
ACCR demands more transparency on decommissioning, calls for an end to pro-oil & gas lobbying
ACCR has filed shareholder resolutions with Santos Limited (ASX:STO) and Woodside Petroleum Ltd (ASX:WPL), calling on both companies to improve their disclosures on decommissioning liabilities, and to cease direct and indirect advocacy for oil and gas expansion.
Media release
AGL ignoring shareholders, still failing on climate
ACCR is commenting on AGL Energy’s changes to the closure dates of its coal-fired power stations, announced today.
Media release
Rio harassment report: disturbing findings, transparency welcome
ACCR welcomes the publication of the Report into Workplace Culture at Rio Tinto (ASX:RIO) conducted by former Australian sex discrimination commissioner Elizabeth Broderick.
Media release
ACCR welcomes Woodside withdrawal from Myanmar
ACCR welcomes the withdrawal of Woodside (ASX:WPL) from Myanmar which was announced by the company today.
Media release
Incitec Pivot shareholders revolt on climate
ACCR generates 43.71% support for its shareholder resolution at ASX-listed explosives and fertiliser manufacturer Incitec Pivot Ltd (ASX:IPL).
Media release
Dendrobium decision reeks of state capture
ACCR is commenting on the decision by the NSW government to deem South32’s (ASX:S32) Dendrobium coal mine expansion “State Significant Infrastructure”.
Media release
Woodside’s debt dressed up as equity in climate-wrecking project
ACCR commenting on Woodside Petroleum’s (ASX:WPL) announcement that it has reached a final investment decision (FID) on Scarborough and Pluto Train 2 developments.
Media release
Woodside ignores COP26, accelerates emissions growth
ACCR commenting on Woodside Petroleum’s (ASX:WPL) sale of a 49% share in Pluto Train 2 Joint Venture to Global Infrastructure Partners (GIP).
Media release
BHP climate plan a greenwash
This vote suggests institutional investors are easily cowed by big companies like BHP and they’re unwilling to force them to adhere to the Paris Agreement.
Media release
FMG AGM: Support WA Aboriginals’ calls to pause current ACH Bill
FMG appears to support better heritage protection standards in theory, but not in practice.
Media release
BHP offloads coal assets to a climate laggard
ACCR is commenting on BHP’s divestment of 80% interest in BHP Mitsui Coal (BMC) to Stanmore SMC Holdings Pty Ltd.
Media release
Investors must rein in APPEA’s tobacco-inspired ad campaign
This insidious APPEA advertising campaign, a week ahead of COP26, is a classic example of climate action delay tactics from the fossil fuel lobby, inspired by the tobacco industry.
Media release
Rio Tinto shows BHP how it’s done
ACCR comment on Rio Tinto’s (ASX:RIO) newly announced emissions reduction targets and strategy.
Media release
Origin Energy cops shareholder heat on gas
ACCR comment on the voting results on its two shareholder resolutions at the AGM of Origin Energy (ASX:ORG).
Media release
Juukan Gorge Caves Inquiry - time for best practice cultural heritage laws
ACCR welcomes the final report of the Parliamentary Inquiry into the Destruction of the Juukan Gorge Caves by Rio Tinto Ltd in May 2020.
Media release
BHP shareholders support coal mining beyond 2050
Despite its claims of climate leadership, BHP’s climate plan isn’t even close to what is required to prevent runaway climate change.
Media release
Incitec Pivot must set Paris-aligned targets
ACCR has filed a shareholder resolution with ASX-listed explosives and fertiliser manufacturer Incitec Pivot Ltd (ASX:IPL), calling on the company to set emissions reduction targets aligned with the Paris Agreement.
Shareholder Resolution
ACCR Shareholder Resolution to Incitec Pivot Ltd on Paris-aligned targets
ACCR has filed a Shareholder Resolution to Incitec Pivot Ltd (ASX: IPL) on Paris-aligned targets
Media release
Fortescue embarrasses BHP and Rio Tinto on steelmaking targets
ACCR welcomes Fortescue Metals Group’s (ASX:FMG) announcement that it has set a target to reach net zero Scope 3 emissions by 2040, which incorporates emissions from steelmaking.
Media release
ACCR launches Global Climate Insights
ACCR will be offering in-depth company-level climate analysis of internationally listed companies, via a new research group called Global Climate Insights (GCI).
Media release
South32 puts industry associations on notice over climate
The board of South32 (ASX:S32) will support ACCR’s shareholder resolution, which seeks to ensure the advocacy of its industry associations is consistent with the Paris Agreement.
Media release
Majority of AGL shareholders demand alignment with the Paris Agreement
Comment on the results of AGL Energy’s (ASX:AGL) annual general meeting, at which ACCR’s shareholder resolution calling for Paris-aligned targets was supported by 52.56% of shareholders.
Media release
APPEA apology to ACCR
ACCR accepts as sincere the apology of APPEA and its CEO Andrew McConville. We trust that APPEA and Mr McConville will observe the usual courtesies of public debate in our future dealings.
Media release
BHP must end support for fossil fuel expansion
ACCR welcomes BHP’s support for the shareholder resolution on climate-related lobbying. BHP must use its unique position of leadership to push for more ambitious emissions reductions before 2030.
Media release
Santos and Oil Search merger compounds stranded asset risk
The vast majority of planned Santos and Oil Search projects are inconsistent with a safe climate and are vulnerable to asset stranding in the face of escalating global decarbonisation efforts.
Briefing note
Investor briefing: Shareholder Resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.
Supporting brief to our shareholder resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.
Briefing note
Investor briefing: Shareholder Resolution to BHP Group Ltd/Plc on climate-related lobbying
Supporting brief to our Shareholder Resolution to BHP Group Ltd/Plc on lobbying related to climate and energy policy.
Media release
Carbon lobby continues to dominate Australia’s climate debate
The carbon lobby - dominated by coal, oil and gas companies - are detrimentally effective in shaping Australia’s climate and energy policy. Their influence has not waned.
Media release
Big super funds missing in action on ESG votes
Despite a growing number of super funds claiming to incorporate ESG into their investment processes, the majority of super funds are still failing to support ESG proposals.
Media release
FMG resolution: support WA Aboriginals’ calls to pause current ACH Bill
FMG investors simply can’t stand by and watch another Juukan Gorge disaster unfold. The moral dimension is obvious.
Shareholder Resolution
ACCR Shareholder Resolution to Fortescue Metals Group on Australian cultural heritage protection law.
ACCR has filed a Shareholder Resolution to Fortescue Metals Group Limited (ASX: FMG) on Australian cultural heritage protection law.
Media release
ASX 100: Labour falling through the cracks
Australian listed companies continue to remain opaque about their labour hire, contracting and outsourcing practices.
Media release
Australasian Centre for Corporate Responsibility files landmark case against Santos in Federal Court
Acting on behalf of ACCR, lawyers from the Environmental Defenders Office (EDO) will claim that Santos is engaging in misleading or deceptive conduct in potential contravention of both corporate and consumer law.
Media release
South32 must end pro-coal lobbying to align with its own targets
ACCR has filed a Shareholder Resolution to South32 Ltd (ASX: S32) calling on the company to ensure the advocacy of its industry associations is consistent with the Paris Agreement.
Briefing note
Investor briefing: Shareholder Resolution to AGL Energy Ltd on Paris-aligned goals and targets.
Supporting brief to our Shareholder Resolution to AGL Energy Ltd on Paris-aligned goals and targets.
Shareholder Resolution
ACCR Shareholder Resolution to South32 Ltd on climate-related lobbying.
ACCR has filed a Shareholder Resolution to South32 Ltd (ASX: S32) on industry association memberships and climate-related lobbying.
Media release
Origin must align lobbying and capex with Paris Agreement
ACCR has filed two shareholder resolutions with Origin Energy Ltd (ASX:ORG) on climate-related lobbying and capital expenditure.
Media release
BHP-Woodside merger a disaster for shareholders and climate
Commenting on the sale of BHP’s Petroleum division (ASX:BHP) to Woodside Petroleum (ASX:WPL).
Shareholder Resolution
ACCR Shareholder Resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.
ACCR has filed Shareholder Resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.
Media release
AGL says it won’t adhere to Paris Agreement
Unfortunately for AGL shareholders, the market will take care of replacing that capacity, which will make AGL’s coal-fired power stations unprofitable and destroy even more shareholder value.
Media release
Tomago going green is the nail in the coffin for AGL’s Bayswater
Tomago aluminium smelter will switch to predominantly renewable energy by 2029. It is the final nail in the coffin for AGL's Bayswater coal-fired power station.
Media release
IPCC report: wrong way, go back
The IPCC has sent us all a blunt warning: we are on the wrong path, and we must turn back.
Media release
Origin must abandon gas exploration to be 1.5°C aligned
Origin Energy becomes the sixth ASX-listed company to have committed to a ‘Say on Climate’.
Media release
BHP must cease lobbying efforts which are inconsistent with Paris targets
Concerned shareholders will persist in holding BHP to account for the obstructive lobbying of its industry associations.
Shareholder Resolution
ACCR Shareholder Resolution to BHP Group Ltd on climate-related lobbying.
ACCR has filed a Shareholder Resolution to BHP Group Ltd (ASX: BHP) on industry association memberships and climate-related lobbying.
Media release
Santos and Oil Search merger climate vandalism of the highest order
The Santos and Oil Search merger demonstrates that neither company is serious about taking climate action, and that their only goal is to maximise oil and gas production at a time when climate chaos is raging across the northern hemisphere.
Media release
Qantas: Unlawful Outsourcing of Ground Handling Crew
Qantas axed its highly skilled and experienced workforce, choosing to outsource to an organisation with a poor safety record and history of labour scandals.
Media release
AGL’s Say on Climate commitment welcome, Paris-aligned targets still needed
Despite saying that AGL couldn’t commit to Paris-aligned targets for the proposed demerged companies, as that would be a matter for the new boards, it has now made this commitment to ‘Say on Climate’.
Media release
Progress welcome in resolving Bougainville mine grievances
The parties should be commended for their progress. It is also an encouraging sign of practical progress from Rio Tinto under its new leadership.
Media release
AGL must set Paris-aligned targets for demerged companies
Recent meetings with members of the Board suggest AGL is not prepared to set Paris-aligned targets, despite that now being a clear expectation of emissions intensive companies.
Media release
Santos’ bid for Oil Search proves net zero target is just greenwashing
Santos has made little mention of climate change in its merger proposal announcement, claiming it can easily shift to hydrogen-based fuels - yet shows absolutely no pathway to this claim.
Shareholder Resolution
ACCR Shareholder Resolution to AGL Energy Ltd on Paris Goals and Targets
ACCR has filed a Shareholder Resolution to AGL (ASX: AGL) on the disclosure of the proposed demerged companies’ Paris goals and targets.
Media release
Australian mines: Two-tier workforce threat to safety
The explosion of a two-tier workforce on Australian mines does more than erode job security and working conditions. It fundamentally undermines safety, sometimes with fatal consequences.
Media release
Fair Work Ombudsman focus on contract cleaning spot on
The Ombudsman’s announcement is a wake up call for property owners and their investors that exploitation remains a serious issue in the sector.
Media release
AGL demerger plans underwhelm, ignore climate concerns
Investors continue to be frustrated by AGL’s continued denial of the need to bring forward the closure dates of its Bayswater and Loy Yang A coal-fired power stations.
Media release
Fossil industries stuck in the fossil age
The parade of fossil fuel executives and lobbyists before the Parliamentary Inquiry today showed just how out of touch they are with financial markets, and their contempt for climate action.
Media release
Rejection of renewable energy hub another sign of a government lost on climate
The Federal government has demonstrated that it is unwilling to support projects that would accelerate the transition away from fossil fuels.
Media release
Cosmetic Compliance Not Enough for Commercial Cleaning
Despite all of the companies making commitments to eradicate modern slavery in their supply chain, analysis shows only cosmetic compliance.
Media release
APPEA and its members continue to block meaningful climate action
Over the last three years, APPEA has significantly increased its spending on public communications and advertising campaigns extolling the virtues of gas, especially in the home, as the gas industry faces the threat of electrification.
Media release
Woodside claims to be reducing emissions by increasing emissions
Woodside’s targets do not address the much larger issue of Scope 3 emissions, ignoring the demands of half of its shareholders to take responsibility for the emissions from the gas it sells.
Media release
Woodside and BHP Scarborough project conflicts with a net zero future
The Woodside and BHP Scarborough project is at odds with the expectations of investors for companies to align their capital expenditure and decarbonisation strategies with the Paris Agreement.
Media release
Extraordinary 24 hours has massive implications for Australian oil and gas industry
This news is nothing short of extraordinary, and it will have massive implications for the Australian oil and gas industry.
Media release
IEA signs death knell for new fossil fuel projects
There is no need for investment in new fossil fuel supply (beyond projects already committed).
Media release
South32 sets new target, but has more to do
“The decade to 2030 is critical, so South32 must also set ambitious short-term targets, as well as targets for its Scope 3 emissions.”
Media release
Deliveroo must provide investor certainty
Today’s decision raises the prospect of further regulation, and calls into question the profitability of Deliveroo’s current business model.
Briefing note
Investor Brief: Worker-centric due diligence: towards effective compliance
The only compliance initiatives that work are those that include a formal role for workers and their representatives (including trade unions) in compliance: worker-driven social responsibility (WSR) initiatives.
Media release
Fresh thinking needed at AGL
“Spending years attempting a demerger will not absolve AGL of its responsibilities to its investors and the communities in which it operates.”
Media release
Santos’ CEO bonus at odds with Paris Agreement
“The recently announced $6 million growth bonus for CEO Kevin Gallagher is equally at odds with any genuine commitment to transition Santos to net zero by incentivising development of the Narrabri Gas Project and completion of Barossa at all costs."
Media release
New Woodside CEO must be allowed to determine new growth strategy
“The board has made the right decision to move Peter Coleman on, allowing the new CEO the clear air to determine a new strategy less focused on growing gas production."
Media release
Equinor first oil major to exit APPEA
“If other members of APPEA—and their shareholders—expect to be taken seriously on climate, they should demand a stop to its advocacy for gas expansion, or exit.”
Briefing note
2021 climate plan voting guidelines
In advance of the upcoming Say on Climate votes in April and May we are sharing our initial views of the key issues that should guide voting on climate plans for carbon intensive industries this year.
Media release
Climate Change Authority stacked with gas lobbyists
"This is yet another example of the Morrison government cynically stacking an advisory body with fossil fuel lobbyists."
Media release
ACCR welcomes additional reporting by Scentre Group
Scentre Group agreed to disclose their processes for identifying and mitigating risks within their cleaning supply chain. ACCR will be consulting with investors and other stakeholders on the reporting.
Media release
Fissured workplaces has Australians falling through the cracks
The fissuring of the Australian workplace erodes job security and working conditions in the present, and negatively impacts on workers ability to achieve dignity in retirement. It is also a risk for companies, and their investors.
Media release
Santos’ Barossa project is a carbon bomb
Institutional investors are demanding credible transition plans. Santos continues to fail on this measure.
Media release
AGL abandons responsibility on coal closure
Following a halving in AGL’s share price over the last year, CEO Brett Redman is attempting to sell the demerger as a win for shareholders
Media release
AGL must lead the energy transition
AGL is Australia’s largest emitter, responsible for approximately 8% of annual emissions. Its actions will have a real impact on Australia’s emissions trajectory.
Media release
Oil Search adopts ‘Say on Climate’
We welcome the move by Oil Search (ASX:OSH) to adopt the Say on Climate initiative and provide shareholders with a non-binding vote on the company’s Climate Change Report at next year’s AGM.
Media release
Largest Australian companies failing on climate
“The lack of progress from Australian companies is clear for all to see. Investors must now be prepared to take unprecedented action."
Media release
Emissions are down with Coles’ new targets
“Coles’ previous emissions targets were underwhelming to say the least, but it has really delivered with this set of commitments."
Media release
Woodside adopts ‘Say on Climate’
We welcome the move by Woodside Petroleum (ASX:WPL) to adopt the Say on Climate initiative and provide shareholders with a non-binding vote on the company’s Climate Change Report at next year’s AGM.
Media release
Rio Tinto board delivers final warning to climate blockers
“For the first time, the board of an Australian company has supported a shareholder resolution. Rio Tinto should be commended for this."
Media release
Oil Search urged to adopt ‘Say on Climate’ as momentum builds
“Oil Search’s only climate target relates to emissions intensity. It has no plan to reduce emissions over the short-, medium- or long-term.".
Shareholder Resolution
ACCR Shareholder Resolution to Oil Search Ltd to adopt Say on Climate reporting
ACCR has filed a Shareholder Resolution to Oil Search Ltd asking for an annual vote on the adoption of a Climate Report consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Climate Action 100+ Net-Zero Company Benchmark as developed by institutional investors.
Media release
Santos adopts ‘Say on Climate’
We welcome the move by Santos (ASX:STO) to adopt the Say on Climate initiative and provide shareholders with a non-binding vote on the company’s Climate Change Report at next year’s AGM.
Briefing note
Investor briefing: Shareholder Resolution to Santos Ltd to adopt Say on Climate reporting
An annual Say on Climate will provide shareholders with a non-binding advisory vote on Woodside's plan to reduce emissions and its performance against that plan.
Media release
FMG leads on climate, Twiggy must abandon gas projects
Fortescue is now firmly leading corporate Australia with this commitment to reach net zero emissions by 2030, without reliance on offsets.
Briefing note
Investor briefing: Shareholder Resolutions to Woodside Petroleum Ltd to adopt Say on Climate reporting
An annual Say on Climate will provide shareholders with a non-binding advisory vote on Woodside's plan to reduce emissions and its performance against that plan.
Media release
Yallourn early closure a sign of the times
"While EnergyAustralia’s announcement is welcome, continuing to operate a brown-coal fired power station after 50 years of age poses a safety risk to workers and a health risk to the Latrobe Valley community."
Media release
Rio Tinto must stop funding climate blockers
“Despite Rio Tinto’s Chairman and new CEO proclaiming their commitment to climate action, the company’s paid lobbyists continue to stand in the way of climate action.”
Shareholder Resolution
ACCR Shareholder Resolutions to Rio Tinto Ltd on climate-related lobbying
The Australasian Centre for Corporate Responsibility (ACCR) has filed a shareholder resolution asking Rio Tinto (ASX:RIO) to immediately review the advocacy of its industry associations and suspend membership of groups found to be lobbying inconsistently with the Paris Agreement.
Media release
The clean out continues at Rio Tinto
There is no realistic prospect of Rio Tinto rebuilding relationships, trust and reputation while those responsible for the degradation of its culture and social performance remain on the board.
Media release
Rio Tinto becomes first Australian company to commit to climate vote
This commitment by Rio Tinto heaps further pressure on Santos and Woodside to support ACCR’s resolutions, which will allow shareholders a vote on their climate plans.
Media release
Glencore leads the way with commitment to climate vote
“We welcome Glencore’s leadership and initial commitment to put its climate strategy to a vote, and encourage Glencore to commit to making it an annual exercise."
Media release
APPEA calls for the end of Australia’s oil and gas industry
APPEA has updated its climate change policy principles for the first time since 2015, which includes its support for net zero emissions by 2050.
Media release
Say on Climate launches with resolutions to Santos and Woodside
“The Say on Climate framework will provide shareholders with the opportunity to send a clear signal to the board about whether the company is effectively managing the risks of climate change.”
Shareholder Resolution
ACCR Shareholder Resolutions to Woodside Petroleum Ltd to adopt Say on Climate reporting
ACCR has filed Shareholder Resolutions to Woodside Petroleum (ASX: WPL) asking for an annual vote on the adoption of a Climate Report consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Climate Action 100+ Net-Zero Company Benchmark as developed by institutional investors.
Shareholder Resolution
ACCR Shareholder Resolution to Santos Ltd to adopt Say on Climate reporting
ACCR has filed a Shareholder Resolution to Santos (ASX: STO) asking for an annual vote on the adoption of a Climate Report consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Climate Action 100+ Net-Zero Company Benchmark as developed by institutional investors.
Media release
AGL and Origin writedowns: stranded assets in real time
“This is a problem largely of the companies’ own making, having acquired the coal-fired power stations from state governments in the last decade, knowing full well the risks embedded in emissions intensive assets”.
Media release
‘An afterthought’: Investors must hold Rio Chair to account
“This is an elementary and entirely avoidable blunder by Thompson, reasonably interpreted by the PKKP as evidence that Rio still views its relationship with traditional owners as ‘an afterthought’.”
Media release
Scentre Group agrees to boost pandemic reporting
ACCR has agreed to withdraw a planned shareholder resolution at their upcoming AGM calling for additional reporting from Scentre on its management of cleaning contracts.
Media release
Super funds divesting from fossil fuels before exhausting all engagement options to deliver for climate
Engagement and escalation should be pursued prior to any divestment of fossil companies.
Media release
Juukan Gorge Caves Inquiry—serial and cumulative failings
“The Inquiry’s diligent work has thrown a long-overdue light on the atrocious treatment of First Nations Australians by governments and mining companies. No one has escaped censure.”
Media release
G8 wage theft a failure of governance - what else is failing in this childcare system?
“If child-care companies can’t function effectively enough to pay their workers, how are they trusted to look after children?”
Update
Calling all Scentre Group Shareholders
If you hold Scentre Group (ASX:SCG) shares, please consider registering as a shareholder with ACCR to support this important work to ensure that the cleaners who are responsible for keeping us all safe aren’t subject to wage theft and even modern slavery.
Media release
Santos targets ignore the elephant in the room
“Santos’ new climate targets ignore its biggest problem: the emissions from the oil and gas it sells to customers (Scope 3). Scope 3 emissions account for approximately 80% of Santos’ carbon footprint.”
Media release
Woodside climate targets: uninspiring business as usual
Woodside’s newly announced climate targets are a disappointment to the investor community, demonstrating that the existing Board and Executive are simply not capable of delivering a transition consistent with limiting global warming to well below 2 degrees celsius.
Media release
Origin AGM: transparency on Indigenous consent and climate lobbying must improve
Origin Energy cannot continue to ignore investor concerns on the consent of Indigenous communities and lobbying.
Media release
BHP investors remain focused on lobby groups
“With this vote, investors have demonstrated to BHP that they remain focused on the impact of its industry associations on both Australian democracy and on climate action.”
Media release
BHP resolution withdrawn: First Nations Alliance reaches outcome with BHP
“The measures the First Nations Alliance have secured with BHP could not have happened without the interest of the investment sector and the communication of their expectations about companies’ cultural heritage management.”
Briefing note
Investor briefing: Shareholder Resolutions to Origin Energy on FPIC and lobbying
Read the background and reasoning behind upcoming shareholder resolutions to Origin Energy on consent and fracking, and lobbying relating to COVID-19 Recovery
Media release
BHP dumps QRC; Origin and Santos should do the same
“BHP has proven the value of ACCR’s shareholder resolution—some industry associations simply won’t change unless there are financial consequences”.
Media release
AGL AGM: Blackrock support demonstrates Australian investors lag foreign peers
“Blackrock’s support for this resolution embarrasses Australian super funds and asset managers who voted against the resolution.”
Media release
Narrabri gas project: investors now last line of defence
The proposed Narrabri fracking project will imperil Australia’s commitments to the Paris Agreement and its high cost of production will likely see it stranded before the reserves are exhausted.
Briefing note
Investor briefing: Shareholder Resolutions to BHP Group on cultural heritage and lobbying
Read the background and reasoning behind upcoming shareholder resolutions to BHP Group on cultural heritage protection and on lobbying relating to COVID-19 Recovery, and ACCR's recommendation that shareholders vote against the re-election of BHP board member Malcolm Broomhead.
Media release
FMG rejects ACCR shareholder resolution: courier delayed by COVID related issues
"That FMG is using the pandemic to their advantage is reprehensible; that they are doing this to avoid shareholder scrutiny of their relationships with Aboriginal Traditional Owners begs the question, what are they hiding?”
Media release
Gas lobby secures taxpayer funding from Federal government for a failing industry
“The Federal government may have finally given up on thermal coal but the carbon lobby won’t be deterred, by pushing gas, another dirty fossil fuel - which is proven to have the same, if not worse emissions than coal once fugitive methane emissions are factored in.”
Briefing note
Human Capital Management (HCM) and COVID-19: Engagement in the 2020 AGM season
This guide draws on lessons learnt from the 2020 US and UK AGM seasons, and analysis of workplace transmission in frontline industries, to provide guidance on how to ensure that companies protect workers in the short term and properly manage their human capital and enhance value creation in the long term.
Media release
Rio Tinto takes the first step to recovery
ACCR has welcomed the exit of Rio CEO, Jean-Sébastien Jacques, head of Corporate Relations Simone Niven and Head of Iron Ore Chris Salisbury, but remains concerned at the lack of cultural understanding displayed by the company and its board — specifically in the length of time it took to address this destruction of heritage.
Media release
FMG resolution calls for moratorium on desecration of Indigenous sites and cease gag orders on traditional owners
Investors simply can’t stand by and watch another Juukan Gorge disaster unfold.
Media release
BHP: not good enough; try harder
“Despite promising the world, BHP fails to deliver any meaningful outcomes in terms of actual emissions reduction. It needs to try harder. BHP should be aiming for a 40-60% reduction in all of its emissions by 2030.”
Shareholder Resolution
ACCR Shareholder Resolutions to Fortescue Metals Group Ltd on Cultural Heritage
ACCR has filed Shareholder Resolutions to Fortescue Metals Group Ltd (ASX:FMG) requesting the a moratorium on the damage, removal or destruction of cultural heritage sites until laws are strengthened, and the remove gag orders on traditional owners.
Media release
BHP must commit to cutting fossil fuel production
Media release
Renewable energy good for BHP, but not for everyone else
“BHP’s commitment to renewable energy is welcome. However, while BHP continues to expand fossil fuel production and its own lobby groups remain critical of renewable energy, this announcement is simply more greenwashing from the best in the business.”
Update
Modern Slavery, Subcontracting and Commercial Cleaning
In 2020, ACCR launched a program of work that looked at material risks associated with various forms of indirect employment: labour hire, contracting and subcontracting. The commercial cleaning sector was identified as a sector where subcontracting is rife, and the risks associated with indirect employment are high.
Briefing note
Investor briefing: Shareholder Resolutions to AGL Energy Ltd on coal closure dates
Shareholders request that our company align the closure dates of the Bayswater and Loy Yang A coal-fired power stations with a strategy to limit the increase in global temperatures to 1.5°C above pre-industrial levels.
Media release
BHP, Origin Energy, Santos & Woodside aiming to destroy the Clean Energy Finance Corporation
BHP, Origin Energy, Santos and Woodside are behind efforts to dirty up the Clean Energy Finance Corporation (CEFC) by allowing it to invest in gas projects.
Media release
Woolworths: Wage debt now a third of company's profits
“The figure raises significant questions about internal governance at Woolworths, which continues to refer to the breach as an ‘inadvertent underpayment’.”
Article
David Murray lacks 2020 board vision
The former AMP chair did not accept the ESG demands that are now essential to shareholder value.
Media release
Ansell rakes in cash but no assurances against modern slavery
While the COVID-19 pandemic has buoyed Australian manufacturing company Ansell, which announced a jump in profits today, it has apparently also halted the company's third-party auditing processes, which flag instances of modern slavery.
Media release
Rio board review: financial penalties completely off the mark of damage caused; CEO must go
“Rio Tinto’s board review is highly disappointing. It amounts to little more than a public relations exercise that still attempts to blame the PKKP; previous Rio Tinto administrations; and anyone else, rather than the company’s current senior management.”
Media release
Hotel Quarantine Inquiry: Appalling testimony - profits ahead of safety yet again
Evidence heard at Victoria's COVID-19 Hotel Quarantine Inquiry today has further underscored the risks involved in the contracting of private security services. The Australasian Centre for Corporate Responsibility (ACCR) is calling on investors and companies to urgently review the use of subcontractors in high risk, front line sectors during the pandemic.
Media release
David Murray’s rejection of ESG risk finally catches up with him—and AMP
“It’s abundantly clear that Murray and those who share his views have no place as Directors, much less Chairs, of any listed companies.”
Shareholder Resolution
ACCR Shareholder Resolutions to Origin Energy on lobbying and consent for fracking
ACCR's Shareholder Resolution to Origin Energy calls on the company to establish an independent review of consent processes with Aboriginal Native Title holders, and to review the climate lobbying of its industry associations.
Update
Modern Slavery and Horticulture Supply Chains
ACCR has engaged Coles (COL) and Woolworths (WOW) on Modern Slavery and labour exploitation in their horticultural supply chains since 2017. Engagement is ongoing through 2020, with COVID-19 posing significant new challenges and risks to workers’ in these supply chains.
Media release
BHP backs away from Kyoto credits, issues new guidelines for lobby groups
Now that Australia’s two largest miners, BHP and Rio Tinto, no longer support Kyoto carryover credits, the Business Council of Australia and the Minerals Council of Australia must withdraw their support too.
Media release
AGL’s battery investment: excellent step; now repeat
AGL’s planned investment in batteries is welcome, but the strongest signal it could possibly send to the rest of the market right now, is to bring forward the closure dates of Bayswater and Loy Yang A.
Update
Calling all Fortescue Metals Group Shareholders
If you hold FMG shares, please consider registering as a shareholder with ACCR to support this important work to protect cultural heritage.
Media release
BHP resolution: moratorium on desecration of Indigenous sites and cease gag orders on traditional owners
“Investors simply can’t stand by and allow another Juukan Gorge disaster to take place.”
Media release
BHP Resolution: cease lobbying efforts on COVID-19 recovery which are inconsistent with Paris targets
“The advocacy by key BHP industry associations throughout the COVID-19 pandemic has been fundamentally at odds with the Paris Agreement’s goals”
Shareholder Resolution
ACCR Shareholder Resolutions to BHP on cultural heritage and lobbying
ACCR has filed Shareholder Resolutions to BHP Group Ltd (ASX:BHP) requesting the a moratorium on the damage, removal or destruction of cultural heritage sites until laws are strengthened, remove gag orders on traditional owners and cease lobbying efforts on COVID-19 recovery which are inconsistent with Paris targets.
Shareholder Resolution
ACCR Shareholder Resolution to AGL Energy Ltd on closure dates of Bayswater and Loy Yang A coal-fired power stations
ACCR Shareholder Resolution and supporting statements to AGL Energy Ltd (ASX:AGL), requesting the company bring forward the closure dates of its Bayswater and Loy Yang A coal-fired power stations.
Media release
AGL on a collision course with Paris targets and investors
Media release
Plans for fossil fuel-led recovery are outright dangerous
Media release
Inghams’ COVID cases unsurprising
ACCR is calling on investors of Australian meat processing companies to actively and urgently engage with them over the issue of workplace health and safety, following more Covid-19 clusters at meat processing facilities in Victoria.
Media release
Woodside, Origin writedowns: harbinger of oil and gas industry woes
Briefing note
Broken chains of responsibility: Victorian COVID-19 clusters reveal subcontracting risks
This short-term profiteering is a public health issue. Not only does it jeopardise the health and safety of workers, but it increases risks for the whole community, and has major implications for the whole economy.
Media release
Profits ahead of safety yet again - subcontractors with minimal training guarding Melbourne quarantine hotels
Media release
Nothing new: AGL’s latest climate statement is same old, same old
Media release
MCA Climate Action Plan a delay tactic with no detail or tangible actions
Media release
Glencore making a mockery of its coal commitment
Article
Minerals Council members dodge headline company tax rate
New analysis shows that members of the Minerals Council of Australia regularly avoid the highest company tax rate.
Media release
Gas industry has its claws in the recovery commission
Event
Free Webinar: How to use your position as a shareholder to change corporate behaviour - Wednesday May 27th, 5pm AEST
Briefing note
Private Prisons, Immigration Detention and COVID-19
Media release
Investment giant excludes AGL over coal, puts BHP ‘under observation’
Media release
Woodside shareholders slam climate inaction
Media release
Big tech involvement in Covidsafe app warrants further scrutiny
Briefing note
Decent Work during COVID: The Role for Investors
COVID-19 is a whole-of-economy crisis that requires a whole-of-economy response. While governments are leading with stimulus, there is a role for investors in ensuring that companies adhere to strong social, labour rights and human rights standards. The COVID crisis is an opportunity for investors to fortify their engagement on the “S”in ESG.
Media release
Santos shareholders repudiate board’s climate direction in world first vote
Media release
Rio Tinto rebukes MCA on thermal coal, does not support use of Kyoto carryover credits, but keeps funding climate wreckers
Media release
Airline workers must share in industry stimulus package to Qantas, Virgin, Regional Airlines
Media release
Corporate complicity in immigration detention heightens risk during public health crisis
Media release
Covid-19 exacerbates Aged Care crisis
Media release
Woodside to face investor pressure on expansion plans, lobbying and propaganda
Media release
Coles, Wesfarmers underpayments point to widespread governance failure
Media release
Vote Like You Mean It Preliminary Report 2020
Media release
Super Funds Failing To Step Up On Climate
Media release
Investors should ratchet up pressure on Siemens over Adani deal
Media release
ACCR response to BHP lobbying review
Media release
Mike Henry’s proximity to climate wreckers should concern investors
Media release
Coles AGM: Company urged to address Modern Slavery
Media release
BHP AGM: Australian investors take a stand on anti-climate lobbying
Media release
Woolworths underpayments a warning for governance of broader supply chains
Media release
Qantas asylum seekers resolution — largest ever vote against a board on human rights issues
Media release
Qantas board to face shareholders and experts on deportations and transfers to danger
Media release
Big banks must stop funding lobbying against climate policy
Media release
BHP investors declare time’s up on anti-climate lobbying
Media release
AGL Energy AGM: Australian investors lagging on pollution
Media release
BHP under pressure on climate lobbying
Media release
ACCR files worker exploitation resolution with Coles
Media release
Biloela family deportation facilitated by commercial entities profiting from human rights abuses
Media release
International investor backs Qantas human rights resolution
Media release
ACCR files five shareholder resolutions with Origin
Media release
Aust PR company snubs international law in response to refugee abuse
Media release
QLD legislation recognises the importance of Aged Care workforce in providing quality care
Media release
ACCR: NUW report shows supermarkets must do more to manage exploitation in farm supply chains
Media release
Mercer PR ruling a warning to companies linked to refugee policy
Media release
ASX 100 failing to disclose workforce
Media release
New ACCR report finds growing support for shareholder proposals
Media release
Unanswered questions over supply safety risks in Sigma’s supply chain
Media release
Santos challenged on climate at AGM
Media release
Telstra to scrutinise Business Council's 'Climate Policy Obstruction'
Media release
Equinor poised to pressure lobbyists undermining climate action
Media release
Labor ‘captured’ by gas industry
Media release
Rio Tinto Industry Association commitment
Media release
Media comment: Shell’s industry association review fails Australia
Media release
New ACCR report finds decent work crucial to security of prescription drug supply
Media release
Franchising report: investors must hold franchising companies accountable for widespread wage theft
Media release
Climate villains victorious in WA
Media release
Santos Climate Change Report 2019: reduce emissions by burning more gas
Media release
Glencore declares ‘peak coal’
Media release
On the landmark Rocky Hill mine decision
Media release
Banking Royal Commission: regulators must overcome ‘catastrophic impotence’
Media release
Ken Henry calls out Business Council on climate; refuses to rule out Bight oil and gas projects
Media release
Investors call for Australia to close coal power by 2030
Media release
Has BHP Chosen Coal Over Coral?
Media release
NAB commits to reviewing lobby's role in climate and energy
Media release
Origin Energy AGM: record 46% vote slams anti-climate lobby
Media release
Westpac to scrutinise Business Council of Australia’s climate lobbying
Media release
ACCR to increase shareholder activism after IPCC report
Media release
ASIC report proves investors must step up on climate risk
Media release
Shareholders challenge Origin consent under UN principles
Media release
Airlines at risk of engaging in human rights abuses as more asylum seekers and refugees await removal to Sri Lanka
Media release
Qantas responds to deportations to danger - out of step with investors and international law
Media release
Qantas to face shareholders at AGM - deportations to danger
Media release
ACCR to file shareholder resolution calling on Qantas to end deportations to danger
Media release
Shareholder action under consideration over Qantas’ position on asylum and refugee deportation
Media release
Gender pay equity: ASX 100 companies rated
Media release
Minerals Council’s coal projections at odds with Paris Agreement
Media release
Investors have a key role to play in the energy debate
Media release
Rio Tinto: 18% vote against coal lobby
Media release
Shareholder revolt at Rio Tinto’s London AGM over “outright climate hypocrisy”
Media release
BHP to remain in the US Chamber of Commerce
Media release
BHP risks investor blowback through association with Canavan’s fossil fuels-friendly taskforce
Media release
Response to MCA’s updated energy policy
Media release
Rio Tinto decision not to allow the resolution to be heard at the UK AGM
Media release
Global investors worth AU$84 billion line up against coal lobbying: Rio resolution
Media release
BHP and MCA at loggerheads on coal, again
Media release
ACCR's lines on BHP review
Media release
The Minerals Council of Australia strikes again – kills off Clean Energy Target in Australia
Media release
Minerals Council membership on the chopping block at BHP AGM tomorrow
Media release
BHP’s millions for Minerals Council speak louder than words
Media release
BHP AGM: UK investors face-to-face with Australia’s ‘decade of climate and energy policy chaos’
Media release
$430 billion CalPERS to support BHP shareholder resolution at UK AGM
Media release
Brendan Pearson's resignation as CEO of the Minerals Council of Australia
Media release
BHP shareholder resolution requests end to relationship with Minerals Council of Australia
Media release
BHP responds to shareholder concerns about the Minerals Council of Australia
