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Banks feel the heat on carbon
2014-10-13 16:26:19| Automakers - Topix.net
Banks should be forced to disclose how much of their lending goes to companies exposed to action on climate change, according to resolutions proposed by the Australasian Centre for Corporate Responsibility ahead of the big banks' annual general meetings. ANZ Banking Group, Commonwealth Bank of Australia and National Australia Bank have a "material exposure" to companies linked with fossil fuel extraction whose businesses could be impacted by limits to emissions, says a report by ACCR, a Canberra-based lobby group on shareholder empowerment.
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Category:Automotive