News
Media comment, updates and analysis from the ACCR team.
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.
Santos and Woodside
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
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.
Santos and Woodside
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’.”
Modern Slavery
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?”
Scentre Group
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.”
Santos, Narrabri
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.”
COVID-19
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.”
Modern slavery
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.
modern slavery
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.”
Decent work and COVID-19
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.
Modern Slavery
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.
BHP
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.
Fortescue Metals Group
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.
AGL Energy
AGL on a collision course with Paris targets and investors
COVID-19, Santos
Plans for fossil fuel-led recovery are outright dangerous
Decent work and COVID-19
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.
Origin Energy, Woodside
Woodside, Origin writedowns: harbinger of oil and gas industry woes
Subcontracting
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.
Subcontracting
Profits ahead of safety yet again - subcontractors with minimal training guarding Melbourne quarantine hotels
AGL Energy
Nothing new: AGL’s latest climate statement is same old, same old
Minerals Council of Australia
MCA Climate Action Plan a delay tactic with no detail or tangible actions
Glencore
Glencore making a mockery of its coal commitment
Tax
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.
COVID-19
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
COVID-19
Private Prisons, Immigration Detention and COVID-19
Norwegian Government Pension Fund
Investment giant excludes AGL over coal, puts BHP ‘under observation’
Woodside Petroleum
Woodside shareholders slam climate inaction
Border Industrial Complex
Big tech involvement in Covidsafe app warrants further scrutiny
Decent work and COVID-19
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.
Santos AGM
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
Covid-19
Airline workers must share in industry stimulus package to Qantas, Virgin, Regional Airlines
Border Industrial Complex
Corporate complicity in immigration detention heightens risk during public health crisis
Aged care crisis
Covid-19 exacerbates Aged Care crisis
Woodside
Woodside to face investor pressure on expansion plans, lobbying and propaganda
Coles, Wesfarmers underpayments
Coles, Wesfarmers underpayments point to widespread governance failure
Super fund voting
Vote Like You Mean It Preliminary Report 2020
Super fund voting
Super Funds Failing To Step Up On Climate
Siemens Adani
Investors should ratchet up pressure on Siemens over Adani deal
BHP
ACCR response to BHP lobbying review
BHP
Mike Henry’s proximity to climate wreckers should concern investors
Coles
Coles AGM: Company urged to address Modern Slavery
BHP
BHP AGM: Australian investors take a stand on anti-climate lobbying
Woolworths
Woolworths underpayments a warning for governance of broader supply chains
Qantas
Qantas asylum seekers resolution — largest ever vote against a board on human rights issues
Qantas
Qantas board to face shareholders and experts on deportations and transfers to danger
ANZ & NAB
Big banks must stop funding lobbying against climate policy
BHP
BHP investors declare time’s up on anti-climate lobbying
AGL
AGL Energy AGM: Australian investors lagging on pollution
BHP
BHP under pressure on climate lobbying
Coles
ACCR files worker exploitation resolution with Coles
Qantas
Biloela family deportation facilitated by commercial entities profiting from human rights abuses
Qantas
International investor backs Qantas human rights resolution
Origin
ACCR files five shareholder resolutions with Origin
Border Industrial Complex
Aust PR company snubs international law in response to refugee abuse
Aged Care
QLD legislation recognises the importance of Aged Care workforce in providing quality care
Supply chain exploitation
ACCR: NUW report shows supermarkets must do more to manage exploitation in farm supply chains
Border Industrial Complex
Mercer PR ruling a warning to companies linked to refugee policy
Workforce Disclosure Report
ASX 100 failing to disclose workforce
Proxy Voting Report
New ACCR report finds growing support for shareholder proposals
Sigma
Unanswered questions over supply safety risks in Sigma’s supply chain
Santos
Santos challenged on climate at AGM
Telstra
Telstra to scrutinise Business Council's 'Climate Policy Obstruction'
Equinor
Equinor poised to pressure lobbyists undermining climate action
Gas
Labor ‘captured’ by gas industry
Media release
Rio Tinto Industry Association commitment
Shell
Media comment: Shell’s industry association review fails Australia
Social Risk Report
New ACCR report finds decent work crucial to security of prescription drug supply
Franchising Report
Franchising report: investors must hold franchising companies accountable for widespread wage theft
EPA
Climate villains victorious in WA
Santos
Santos Climate Change Report 2019: reduce emissions by burning more gas
Glencore
Glencore declares ‘peak coal’
Rocky Hill coal mine
On the landmark Rocky Hill mine decision
Banking Royal Commission
Banking Royal Commission: regulators must overcome ‘catastrophic impotence’
NAB
Ken Henry calls out Business Council on climate; refuses to rule out Bight oil and gas projects
IPCC
Investors call for Australia to close coal power by 2030
BHP
Has BHP Chosen Coal Over Coral?
NAB
NAB commits to reviewing lobby's role in climate and energy
Origin
Origin Energy AGM: record 46% vote slams anti-climate lobby
Westpac
Westpac to scrutinise Business Council of Australia’s climate lobbying
IPCC
ACCR to increase shareholder activism after IPCC report
ASIC
ASIC report proves investors must step up on climate risk
Origin
Shareholders challenge Origin consent under UN principles
Qantas
Airlines at risk of engaging in human rights abuses as more asylum seekers and refugees await removal to Sri Lanka
Qantas
Qantas responds to deportations to danger - out of step with investors and international law
Qantas
Qantas to face shareholders at AGM - deportations to danger
Qantas
ACCR to file shareholder resolution calling on Qantas to end deportations to danger
Qantas
Shareholder action under consideration over Qantas’ position on asylum and refugee deportation
Gender Report
Gender pay equity: ASX 100 companies rated
Minerals Council of Australia
Minerals Council’s coal projections at odds with Paris Agreement
Paris Agreement
Investors have a key role to play in the energy debate
Media release
Rio Tinto: 18% vote against coal lobby
Rio Tinto
Shareholder revolt at Rio Tinto’s London AGM over “outright climate hypocrisy”
BHP
BHP to remain in the US Chamber of Commerce
BHP
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
Rio Tinto
Global investors worth AU$84 billion line up against coal lobbying: Rio resolution
Minerals Council of Australia
BHP and MCA at loggerheads on coal, again
BHP
ACCR's lines on BHP review
BHP
The Minerals Council of Australia strikes again – kills off Clean Energy Target in Australia
BHP
Minerals Council membership on the chopping block at BHP AGM tomorrow
BHP
BHP’s millions for Minerals Council speak louder than words
BHP
BHP AGM: UK investors face-to-face with Australia’s ‘decade of climate and energy policy chaos’
BHP
$430 billion CalPERS to support BHP shareholder resolution at UK AGM
Minerals Council of Australia
Brendan Pearson's resignation as CEO of the Minerals Council of Australia
BHP
BHP shareholder resolution requests end to relationship with Minerals Council of Australia
BHP
BHP responds to shareholder concerns about the Minerals Council of Australia
