Companies that want to be climate change leaders must constantly improve, according to chief executive of the Investor Group on Climate Change Emma Herd.
Activist shareholder group Market Forces says AGL's climate risk disclosures aren't good enough and has urged investors to back a new resolution requiring it to disclose Paris-aligned strategies to cut emissions.
Sustainability professionals now have a crucial role to play in explaining company performance to investors, according to Simon O'Connor of the Responsible Investment Association of Australasia.
A resolution requiring BP to align its business strategy with the Paris Agreement – co-filed by global investors including VicSuper – has received more than 99% support at the company's annual general meeting.
A shareholder who lost her home in a bushfire questioned the QBE board at Friday's annual general meeting, and Rio Tinto has told its AGM that a climate resolution is unacceptable.
Westpac today described how its loan portfolio would be affected by efforts to limit warming to 1.5 degrees, and Macquarie Group is planning a similar analysis.