Legal battle to unearth Commonwealth Bank's fossil fuel interests fails

The Australasian Centre for Corporate Responsibility, a Commonwealth Bank shareholder, tried to put a resolution on greenhouse gasses to the bank's AGM

A push to get Commonwealth Bank to reveal details of its fossil fuel interests has failed after the federal court ruled shareholders do not have the right to ask other shareholders to vote on such issues.

The Australasian Centre for Corporate Responsibility, a Commonwealth Bank shareholder, attempted to put an ordinary shareholder resolution to the bank's annual general meeting, asking it to report on the amount of greenhouse gas emissions it finances.