Media comment, updates and analysis from the ACCR team.

  1. 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.

  2. 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."

  3. 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.

  4. 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.”

  5. 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.

  6. Shareholder Resolution

    ACCR Shareholder Resolutions to Santos Ltd to adopt Say on Climate reporting

    ACCR has filed Shareholder Resolutions 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.

  7. 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”.

  8. 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’.”

  9. 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.

  10. 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.

  11. 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.”

  12. 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?”

  13. 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.

  14. 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.”

  15. 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.

  16. 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.

  17. 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.”

  18. 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.”

  19. 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

  20. 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”.

  21. 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.”

  22. 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.

  23. 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.

  24. 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?”

  25. 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.”

  26. 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.

  27. 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.

  28. 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.

  29. 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.”

  30. 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.

  31. Media release

    BHP must commit to cutting fossil fuel production

  32. 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.”

  33. 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.

  34. 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.

  35. 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.

  36. 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’.”

  37. Article

    David Murray lacks 2020 board vision

    The former AMP chair did not accept the ESG demands that are now essential to shareholder value.

  38. 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.

  39. 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.”

  40. 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.

  41. 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.”

  42. 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.

  43. 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.

  44. 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.

  45. 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.

  46. 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.

  47. 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.”

  48. 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”

  49. 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.

  50. 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.

  51. AGL Energy

    AGL on a collision course with Paris targets and investors

  52. COVID-19, Santos

    Plans for fossil fuel-led recovery are outright dangerous

  53. 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.

  54. Origin Energy, Woodside

    Woodside, Origin writedowns: harbinger of oil and gas industry woes

  55. 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.

  56. Subcontracting

    Profits ahead of safety yet again - subcontractors with minimal training guarding Melbourne quarantine hotels

  57. AGL Energy

    Nothing new: AGL’s latest climate statement is same old, same old

  58. Minerals Council of Australia

    MCA Climate Action Plan a delay tactic with no detail or tangible actions

  59. Glencore

    Glencore making a mockery of its coal commitment

  60. 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.

  61. COVID-19

    Gas industry has its claws in the recovery commission

  62. Event

    Free Webinar: How to use your position as a shareholder to change corporate behaviour - Wednesday May 27th, 5pm AEST

  63. COVID-19

    Private Prisons, Immigration Detention and COVID-19

  64. Norwegian Government Pension Fund

    Investment giant excludes AGL over coal, puts BHP ‘under observation’

  65. Woodside Petroleum

    Woodside shareholders slam climate inaction

  66. Border Industrial Complex

    Big tech involvement in Covidsafe app warrants further scrutiny

  67. 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.

  68. Santos AGM

    Santos shareholders repudiate board’s climate direction in world first vote

  69. Media release

    Rio Tinto rebukes MCA on thermal coal, does not support use of Kyoto carryover credits, but keeps funding climate wreckers

  70. Covid-19

    Airline workers must share in industry stimulus package to Qantas, Virgin, Regional Airlines

  71. Border Industrial Complex

    Corporate complicity in immigration detention heightens risk during public health crisis

  72. Rio Tinto

    ACCR garners commitment from Rio Tinto on climate-related lobbying

  73. Aged care crisis

    Covid-19 exacerbates Aged Care crisis

  74. Woodside

    Woodside to face investor pressure on expansion plans, lobbying and propaganda

  75. Coles, Wesfarmers underpayments

    Coles, Wesfarmers underpayments point to widespread governance failure

  76. Super fund voting

    Vote Like You Mean It Preliminary Report 2020

  77. Super fund voting

    Super Funds Failing To Step Up On Climate

  78. Siemens Adani

    Investors should ratchet up pressure on Siemens over Adani deal

  79. BHP

    ACCR response to BHP lobbying review

  80. BHP

    Mike Henry’s proximity to climate wreckers should concern investors

  81. Coles

    Coles AGM: Company urged to address Modern Slavery

  82. BHP

    BHP AGM: Australian investors take a stand on anti-climate lobbying

  83. Woolworths

    Woolworths underpayments a warning for governance of broader supply chains

  84. Qantas

    Qantas asylum seekers resolution — largest ever vote against a board on human rights issues

  85. Qantas

    Qantas board to face shareholders and experts on deportations and transfers to danger

  86. ANZ & NAB

    Big banks must stop funding lobbying against climate policy

  87. BHP

    BHP investors declare time’s up on anti-climate lobbying

  88. AGL

    AGL Energy AGM: Australian investors lagging on pollution

  89. BHP

    BHP under pressure on climate lobbying

  90. Coles

    ACCR files worker exploitation resolution with Coles

  91. Qantas

    Biloela family deportation facilitated by commercial entities profiting from human rights abuses

  92. Qantas

    International investor backs Qantas human rights resolution

  93. Origin

    ACCR files five shareholder resolutions with Origin

  94. Border Industrial Complex

    Aust PR company snubs international law in response to refugee abuse

  95. Aged Care

    QLD legislation recognises the importance of Aged Care workforce in providing quality care

  96. Supply chain exploitation

    ACCR: NUW report shows supermarkets must do more to manage exploitation in farm supply chains

  97. Border Industrial Complex

    Mercer PR ruling a warning to companies linked to refugee policy

  98. Workforce Disclosure Report

    ASX 100 failing to disclose workforce

  99. Proxy Voting Report

    New ACCR report finds growing support for shareholder proposals

  100. Sigma

    Unanswered questions over supply safety risks in Sigma’s supply chain

  101. Santos

    Santos challenged on climate at AGM

  102. Telstra

    Telstra to scrutinise Business Council's 'Climate Policy Obstruction'

  103. Equinor

    Equinor poised to pressure lobbyists undermining climate action

  104. Gas

    Labor ‘captured’ by gas industry

  105. Media release

    Rio Tinto Industry Association commitment

  106. Shell

    Media comment: Shell’s industry association review fails Australia

  107. Social Risk Report

    New ACCR report finds decent work crucial to security of prescription drug supply

  108. Franchising Report

    Franchising report: investors must hold franchising companies accountable for widespread wage theft

  109. EPA

    Climate villains victorious in WA

  110. Santos and Woodside

    ACCR files shareholder resolutions to Santos and Woodside

  111. Santos

    Santos Climate Change Report 2019: reduce emissions by burning more gas

  112. Glencore

    Glencore declares ‘peak coal’

  113. Rocky Hill coal mine

    On the landmark Rocky Hill mine decision

  114. Banking Royal Commission

    Banking Royal Commission: regulators must overcome ‘catastrophic impotence’

  115. NAB

    Ken Henry calls out Business Council on climate; refuses to rule out Bight oil and gas projects

  116. IPCC

    Investors call for Australia to close coal power by 2030

  117. BHP

    Has BHP Chosen Coal Over Coral?

  118. NAB

    NAB commits to reviewing lobby's role in climate and energy

  119. Origin

    Origin Energy AGM: record 46% vote slams anti-climate lobby

  120. Westpac

    Westpac to scrutinise Business Council of Australia’s climate lobbying

  121. IPCC

    ACCR to increase shareholder activism after IPCC report

  122. ASIC

    ASIC report proves investors must step up on climate risk

  123. Origin

    Shareholders challenge Origin consent under UN principles

  124. Qantas

    Airlines at risk of engaging in human rights abuses as more asylum seekers and refugees await removal to Sri Lanka

  125. Qantas

    Qantas responds to deportations to danger - out of step with investors and international law

  126. Qantas

    Qantas to face shareholders at AGM - deportations to danger

  127. Qantas

    ACCR to file shareholder resolution calling on Qantas to end deportations to danger

  128. Qantas

    Shareholder action under consideration over Qantas’ position on asylum and refugee deportation

  129. Gender Report

    Gender pay equity: ASX 100 companies rated

  130. Minerals Council of Australia

    Minerals Council’s coal projections at odds with Paris Agreement

  131. Paris Agreement

    Investors have a key role to play in the energy debate

  132. Media release

    Rio Tinto: 18% vote against coal lobby

  133. Rio Tinto

    Shareholder revolt at Rio Tinto’s London AGM over “outright climate hypocrisy”

  134. BHP

    BHP to remain in the US Chamber of Commerce

  135. BHP

    BHP risks investor blowback through association with Canavan’s fossil fuels-friendly taskforce

  136. Media release

    Response to MCA’s updated energy policy

  137. Media release

    Rio Tinto decision not to allow the resolution to be heard at the UK AGM

  138. Rio Tinto

    Global investors worth AU$84 billion line up against coal lobbying: Rio resolution

  139. Minerals Council of Australia

    BHP and MCA at loggerheads on coal, again

  140. BHP

    ACCR's lines on BHP review

  141. BHP

    The Minerals Council of Australia strikes again – kills off Clean Energy Target in Australia

  142. BHP

    Minerals Council membership on the chopping block at BHP AGM tomorrow

  143. BHP

    BHP’s millions for Minerals Council speak louder than words

  144. BHP

    BHP AGM: UK investors face-to-face with Australia’s ‘decade of climate and energy policy chaos’

  145. BHP

    $430 billion CalPERS to support BHP shareholder resolution at UK AGM

  146. Minerals Council of Australia

    Brendan Pearson's resignation as CEO of the Minerals Council of Australia

  147. BHP

    BHP shareholder resolution requests end to relationship with Minerals Council of Australia

  148. BHP

    BHP responds to shareholder concerns about the Minerals Council of Australia