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Australasian Centre for Corporate Responsibility (ACCR)@accr.bsky.social |
280 followers 156 following 1375 posts
ACCR is a shareholder advocacy and research organisation. We use shareholder strategy to enable investors to escalate engagements with heavy-emitting companies in their portfolios. Find us at accr.org.au
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Australasian Centre for Corporate Responsibility (ACCR)
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“We expect further interest in Santos to emerge, in particular if the company moves ahead to simplify its portfolio,” Jarden energy analyst Nik Burns told clients. www.afr.com/companies/en...
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Australasian Centre for Corporate Responsibility (ACCR)
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Companies may be adopting ESG pay in order to align their management objectives with those of shareholder groups, who in turn may fear losing sustainability-minded clients if they don’t press their investments for specific climate measures. www.forbes.com/sites/iese/2...
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Australasian Centre for Corporate Responsibility (ACCR)
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“I know from talking to people that there’s still a massive appetite to make sure ESG is integrated into mainstream investment decision-making processes. They just don’t want to talk about it as ESG.” www.fnlondon.com/articles/gre...
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Australasian Centre for Corporate Responsibility (ACCR)
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“Both companies have meaningfully underperformed their overseas peers," @AllanGrayAus portfolio manager Simon Mawhinney said. "These companies – Santos and Woodside – should just buy back their shares. That is what we would like to see.” www.afr.com/companies/en...
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Australasian Centre for Corporate Responsibility (ACCR)
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The gas companies argued against domestic reservation and signed up to huge, long-term supply contracts with Asian buyers that have underwritten the nearly $70 billion construction bill for vast gas fields and three separate export operations at Gladstone Port. www.smh.com.au/politics/fed...
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Australasian Centre for Corporate Responsibility (ACCR)
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Australian coalminers lost more than 20 million tonnes in run-of-mine (ROM) coal production (approx. A$5 billion in potential coal sales) across the 2022 calendar & financial years, largely due to flooding & severe weather | IEEFA ieefa.org/resources/an...
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Australasian Centre for Corporate Responsibility (ACCR)
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Santos boss Kevin Gallagher keeps telling shareholders he’s considering options, and some of these shareholders keep rattling the cage.
When names like Aramco and Adnoc get thrown into the mix, the rattling only gets louder. www.afr.com/chanticleer/...
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Australasian Centre for Corporate Responsibility (ACCR)
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With or without Chevron Deference, the #ESG considerations that are incorporated into investment decision-making and strategic engagement should be material—in that they should have a direct impact on a company’s financial performance www.forbes.com/sites/bhakti...
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Australasian Centre for Corporate Responsibility (ACCR)
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The results of 2024 signal what climate-related proxy voting could look like – climate lobbying is in the spotlight, director elections will reflect confidence in transition strategy & upstream ambition not backed up by strategy is unlikely to win www.netzeroinvestor.net/news-and-vie...
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Australasian Centre for Corporate Responsibility (ACCR)
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Fossil gas in eastern Australia is many times more expensive per kilowatt-hour than coal. It contributes about 5% of Australia’s annual electricity generation. But, as storage expands, fossil gas will become redundant in the electricity system. reneweconomy.com.au/the-nuclear-...
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Australasian Centre for Corporate Responsibility (ACCR)
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Conservation groups say a fire that has been burning since Saturday at an underground coalmine is Queensland is an “environmental disaster” that highlights the risks of methane gas to workers, community health and the climate. www.theguardian.com/australia-ne...
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Australasian Centre for Corporate Responsibility (ACCR)
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BlackRock said that its new policy would allow clients in climate-focused funds to take an activist position on shareholder proposals about decarbonisation. The policy will start applying to 83 funds, all domiciled in Europe, with $150bn in assets. www.ft.com/content/4482...
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Australasian Centre for Corporate Responsibility (ACCR)
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Pass-through voting is when asset managers allow their clients to vote shares for the public companies that they own on the client’s behalf. morrowsodali.com/insights/ins....
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Australasian Centre for Corporate Responsibility (ACCR)
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Not that we know of but perhaps customers could ask for the option.
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Australasian Centre for Corporate Responsibility (ACCR)
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The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries. www.afr.com/companies/en...
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Australasian Centre for Corporate Responsibility (ACCR)
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To persist with scepticism is immoral and stupid. Even a free-market fanatic cannot deny that environmental externalities are a form of market failure. Climate is the biggest externality of all. www.ft.com/content/b2b6...
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Australasian Centre for Corporate Responsibility (ACCR)
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“We continue to value the stewardship activities undertaken by LGIM beyond the votes, implementing our voting policies will also give GMPF more influence and a stronger voice when we engage with portfolio companies." Gerald Cooney, chair of the GMPF www.netzeroinvestor.net/news-and-vie...
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Australasian Centre for Corporate Responsibility (ACCR)
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“It’s a dangerous error to try and separate the economy from net zero. There is still too much in our political discourse that amounts to – ‘can we afford to go for net zero?’ But the real question is – can we afford not to?” Rain Newton-Smith, CBI inews.co.uk/news/environ...
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Australasian Centre for Corporate Responsibility (ACCR)
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The Glendell coal mine's life will be extended, after the state government gave mining giant Glencore the green light to continue operating for the next two years. The decision ensures 1.8 million tonnes of coal extraction continues. www.cessnockadvertiser.com.au/story/868200...
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Australasian Centre for Corporate Responsibility (ACCR)
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Consumer Reports from global consulting firm ICF, estimates that the lifetime personal cost of climate change for a baby born in the US in 2024 could be as high as $500,000. edition.cnn.com/2024/04/17/b...
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Australasian Centre for Corporate Responsibility (ACCR)
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The decision by many Asian countries to embrace gas in their transition financing frameworks may lock the region into a high-emissions future. Only Singapore and Thailand’s taxonomies require gas producers to lower emissions. www.eco-business.com/opinion/gas-...
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Australasian Centre for Corporate Responsibility (ACCR)
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Tamboran's shares on the NYSE closed down 9.38%. The floation is aimed to raise gross proceeds of US$75 million (previously US$156million) to fund the ongoing drilling activities for the proposed Shenandoah South Pilot Project in the Beetaloo Basin.
www.energynewsbulletin.net/exploration/...
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Australasian Centre for Corporate Responsibility (ACCR)
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To try to understand better if ESG is dead, or if it will have to reinvent itself, listen to Jean Jacques Barberis Deputy CEO and Head of Institutional and Corporate Clients Division & ESG at Amundi. podcasts.apple.com/au/podcast/r...
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Australasian Centre for Corporate Responsibility (ACCR)
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Mr van der Westhuizen said Anglo American was collaborating with Queensland Mines Rescue, Resources Safety Health Queensland and unions to get the fire under control. www.abc.net.au/news/2024-07...
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Australasian Centre for Corporate Responsibility (ACCR)
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Australia could blow its carbon budget by at least 40% under the coalition's nuclear plan according to new modelling from UTS via @ConversationEDU theconversation.com/australias-c...
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Australasian Centre for Corporate Responsibility (ACCR)
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John Bromley, at Legal & General, shares optimism. “There is a real acceleration and huge progress being made,” he says. “A lot of these technologies offer much stronger long-term investment prospects...The long term picture is clear.” www.ft.com/content/b91d...
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Australasian Centre for Corporate Responsibility (ACCR)
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A multiyear campaign by Republican lawmakers to prevent public pension funds and municipal governments from considering climate change in their investments is losing momentum as reports show the restrictions are costing taxpayers money. www.eenews.net/articles/sta...
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Australasian Centre for Corporate Responsibility (ACCR)
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Meryam Omi says too many investors are shying away from the “murky part” of climate finance. In other words, the finance industry needs to move into the highest-emitting sectors to effectively bring about a low-carbon energy transition, she says. www.bloomberg.com/news/article...
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Australasian Centre for Corporate Responsibility (ACCR)
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Dr Helen Redmond holds shares in a number of heavy emitting companies, which she’s used to participate in recent ACCR company engagements and AGM filings. hub.accr.org.au/scoop/meet-d...
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Australasian Centre for Corporate Responsibility (ACCR)
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Companies don’t need a prolonged holiday from shareholder enforcement of accountability provisions which are applicable today. #auspol www.accr.org.au/news/propose...
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Australasian Centre for Corporate Responsibility (ACCR)
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Here are some of the highlights of ACCR’s efforts and impact over this year so far. Without all of you, this work is not possible.
hub.accr.org.au/impact/highl...
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Australasian Centre for Corporate Responsibility (ACCR)
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Adding nuclear power into Australia’s energy mix would only reduce our need for solar power capacity by 7% and wind power capacity by 12% – and it would be “far more expensive”, finds new analysis by @BloombergNEF www.afr.com/companies/en...
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Australasian Centre for Corporate Responsibility (ACCR)
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“There are further escalation tools available to shareholders... Investors want confidence that Nippon Steel is going to remain competitive into the future, and there is strong commitment to ensuring corporate value is secured.” Brynn O'Brien www.ehn.org/japan-nippon...
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Australasian Centre for Corporate Responsibility (ACCR)
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The state of play written for your kids: Many countries have promised to stop their carbon dioxide emissions, and if their promises are backed up with laws, then global warming could be limited. kids.frontiersin.org/articles/10....
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Australasian Centre for Corporate Responsibility (ACCR)
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The proposed protection of the sea snake may come too late to be considered in the environmental impact of Australia's largest undeveloped conventional gas project. #auspol www.abc.net.au/news/science...
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Australasian Centre for Corporate Responsibility (ACCR)
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From denying that climate change is a problem to admitting that it is a problem but blaming the public for it. The industry that gave us gas for lighting is gaslighting us. www.scientificamerican.com/article/the-...
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Australasian Centre for Corporate Responsibility (ACCR)
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Even if Nippon Steel manages to consummate its purchase in the end, the hangover effect from months of political and social opposition is likely to make the process of integrating the two companies lengthier, more costly and more challenging. asia.nikkei.com/Opinion/Nipp...
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Australasian Centre for Corporate Responsibility (ACCR)
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Modelling at European levels shows that by 2050 about 70% less fossil gas fuels will be used. Significant regulatory reform is needed to deal with the impacts of this decline on the gas grid. www.sciencedirect.com/science/arti...
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Australasian Centre for Corporate Responsibility (ACCR)
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BHP’s Scope 3 or customer emissions last year stood at 370.5 million tonnes, around two-thirds of those of Rio Tinto. Its operational emissions was at 9.8 million tonnes, around one third of Rio’s levels. www.businesstimes.com.sg/internationa...
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Australasian Centre for Corporate Responsibility (ACCR)
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Some producers have started to row back on low-carbon strategies amid high fossil fuel demand and investor concerns www.ft.com/content/7e09...
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Australasian Centre for Corporate Responsibility (ACCR)
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The net zero energy transition will not happen without a “carrot and stick” approach taken by government through policy and regulation, the climate change lead at Norway’s largest pension fund KLP has stressed. www.netzeroinvestor.net/news-and-vie...
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Australasian Centre for Corporate Responsibility (ACCR)
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Naomi Hogan, the Company Strategy Lead at ACCR, will join the Saving the World Webinar Series presented by the Planetary Health Equity Hothouse to discuss how we influence fossil fuel companies. Register now. hothouse.anu.edu.au/event/how-wi...
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Australasian Centre for Corporate Responsibility (ACCR)
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Shell Australia is suing Woodside Energy and Paladin Resources for more than $86.5 million for clean-up costs associated with the decommissioned Northern Endeavour oil platform in the Timor Sea.
www.energynewsbulletin.net/operations/n...
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Australasian Centre for Corporate Responsibility (ACCR)
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"We expect that BHP will want to join peers like Rio Tinto in keeping pace with investor expectations to clearly disclose forward expenditure, technologies, timelines and the policies needed towards zero emissions steel," said Naomi Hogan www.reuters.com/sustainabili...
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Australasian Centre for Corporate Responsibility (ACCR)
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“While divestment is one of the many stewardship tools we use as a mechanism for driving change, we see it as a last resort and by no means the last stage of engagement,” said Stephen Beer, LGIM Senior Manager Sustainability and Responsible Investment. www.theglobeandmail.com/business/ind...
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Australasian Centre for Corporate Responsibility (ACCR)
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BHP’s scope 3 emissions – the carbon put into the atmosphere from using its products – are much greater than its direct emissions. Steelmaking accounts for about 85 per cent of BHP’s scope 3 while shipping forms the bulk of the remainder. www.smh.com.au/business/com...
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Australasian Centre for Corporate Responsibility (ACCR)
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Power giant AGL is exploring plans to start making solar cables and recycling solar panels at the site of two retiring coal-fired power stations in NSW, as it continues to shun the Coalition’s campaign for its precinct to house a nuclear reactor instead. www.smh.com.au/business/com...
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Australasian Centre for Corporate Responsibility (ACCR)
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Vision Super last year backed efforts to remove a prominent director from Woodside Energy Group Ltd. The fund also cast votes at Whitehaven’s annual meeting against management and in favor of better climate reporting, according to Wyrsch. www.bloomberg.com/news/article...
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Australasian Centre for Corporate Responsibility (ACCR)
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Over the past decade, the share of gas-fired electricity in China’s power mix has remained at just 3%, while the share of wind & solar has quadrupled to 16%. Growth of renewables has contributed more than gas to a reduction in coal’s market share to 61%. ieefa.org/resources/ln...
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Australasian Centre for Corporate Responsibility (ACCR)
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The $10.5tn asset manager described low-carbon transition as a “series of profound shifts playing out over decades” that are “reshaping production and consumption and spurring vast capital investment”. www.ft.com/content/b790...
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