ACCR’s climate program aims to accelerate Australia’s transition to a low carbon economy in line with the Paris Agreement. We engage with ASX-listed companies on their climate risk disclosure and the need to set emissions reduction targets consistent with the Paris Agreement, and we also push for reviews by ASX-listed companies of their industry associations’ climate policy advocacy.
Lobbying on climate and energy policy
Several lobby groups (or ‘industry associations’) representing ASX-listed companies have an undue influence on climate and energy policy in Australia. We target companies whose industry associations engage in adverse climate lobbying, particularly where that lobbying is at odds with the company’s own policies. This work has led to BHP exiting the World Coal Association, significant changes at the Minerals Council of Australia, and lobbying becoming a key point of engagement by investors.
In order to limit global warming to an increase of 1.5°C above pre-industrial levels, rapidly decarbonising the global economy is crucial. We challenge ASX-listed companies to set and disclose credible short, medium and long term emissions reduction targets in line with the Paris Agreement. Our work in this issue focuses on the heavy emitters and largest energy users across the ASX.
The burning of coal to generate electricity is a major contributor to climate change, and it produces air pollution and coal ash, both of which are harmful to public health. Our work is focused on the public health risks of coal-fired power stations in NSW.
Deforestation accounts for over 10% of global greenhouse gas emissions and contributes to biodiversity loss, soil erosion, disrupted rainfall patterns. In Australia, deforestation is driven primarily by cattle farming. We are targeting companies whose meat suppliers are land clearing without due consideration for biodiversity or climate impacts.