The Wire

Macquarie Bank remains under fire from their members and shareholders, calling for greater transparency around the bank’s financing of coal and gas. 

With concerns about the climate risks posed by unsustainable energy sources, shareholders are calling on the company to outline how its funding for fossil fuels is aligned with its net zero commitments

In February this year, Macquarie quit the Net Zero Banking Alliance, with their annual sustainability report showing the bank had more than doubled (143% increase) its finance for oil and gas over the past two years.