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BHP has deferred much of the investment needed to decarbonise its operations this decade, leaving investors with reduced visibility over how the company intends to achieve its 2050 net zero commitment. While BHP has already met its modest 2030 decarbonisation target, it has no targets set between 2030 and 2050, meaning there are no clear emissions milestones driving medium-term decarbonisation,…
Electric Power Development Co., Ltd (J-POWER) has published its 2026 TCFD report providing additional detail on how it makes and evaluates investment decisions. The disclosures follow sustained shareholder engagement with J-POWER by ACCR and several institutional investors, who have engaged regularly with the company on its transition plan, capital allocation decisions, and long-term corporate…
ACCR is responding to new disclosures made by Nippon Steel Corporation at its Green Transformation (GX) webinar for international investors. The company has outlined supply and demand-side factors it considers when making investment decisions, including technology and infrastructure maturity, cost, and green steel demand. It has also set out the key risks and infrastructure requirements associated…
ACCR is commenting on the results of today's BP AGM, in particular: 25.85% of BP shareholders voted in support of shareholder-proposed resolution 24, requesting disclosures on capital discipline on oil and gas investments, filed by Nest, Greater Manchester Pension Fund, Merseyside Pension Fund, London CIV, Wales Pension Partnership, and PUBLICA, together with ACCR. This is the highest ever vote of…
ACCR is commenting on Reuters reporting that proxy advisor Glass Lewis, one of the two large proxy advisors, has recommended shareholders vote for ACCR’s resolution at BP , co-filed with institutional investors in advance of BP’s AGM, which will be held on 23 April 2026. At the same time, Legal & General Investment Management, a top-ten shareholder in BP, has announced its intention to vote for…
ACCR is responding to comments made by Nippon Steel’s CEO advocating for the abolition of certain shareholder rights in the Companies Act, as an interim draft proposal for changes to the legislation was published yesterday. The Japanese Ministry of Justice’s Legislative Council met on 18 March to agree options for changes to the Companies Act that would make it harder for shareholders to file…
The Australasian Centre for Corporate Responsibility (ACCR) is commenting on the appointment of Liz Westcott as the CEO of Woodside Energy Group. Alex Hillman, Lead Analyst at ACCR said: “Liz Westcott as CEO has an opportunity to stamp her own mark on Woodside and shape a company that adds value to shareholders as opposed to eroding value. “Our analysis has shown that Woodside’s aggressive growth…
The Australasian Centre for Corporate Responsibility (ACCR) has appealed the decision of Justice Markovic in the case of ACCR v Santos Ltd. In 2021, ACCR commenced landmark proceedings in the Federal Court alleging that Santos Ltd breached provisions of the Corporations Act 2001 (Cth) and the Australian Consumer Law by engaging in misleading or deceptive conduct relating to representations in its…
ACCR is commenting on Shell’s LNG Portfolio – Strategic Spotlight , which comes as a result of over a fifth of shareholders supporting a shareholder resolution co-filed by ACCR and institutional investors last year. The resolution asked Shell to justify the assumptions behind its LNG growth strategy and explain how it’s consistent with the company’s climate commitments. It was filed by Brunel…
Today Justice Markovic published her reasons for judgment in the case of ACCR v Santos Ltd. The case contended that Santos Ltd had engaged in misleading or deceptive conduct in its 2020 Annual Report, 2020 Investor Day Briefing and 2021 Climate Change Report. Commenting on the Court’s reasons for dismissing the case, Brynn O’Brien, Co-CEO of ACCR said: “This case was always about market integrity…
