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Commonwealth Bank case: Hearing date approaches

By April 15, 2015 February 19th, 2018 Cases, Climate and Finance

Our case against the Commonwealth Bank is now scheduled to be heard on 1 June. This case is important in the fight against climate change. If we win, it will make it easier for shareholders to hold the boards of Australian companies to account.

Our case against the Commonwealth Bank is now scheduled to be heard by the court on 1 June. Over the last few months, we’ve been busy preparing our legal arguments and getting everything ready for the big day.

Once the hearing is complete, usually we can expect to wait for some time for the judge to consider the arguments and make a decision.

This case is important in the fight against climate change. If we win, it will make it easier for shareholders to hold the boards of Australian companies to account. In turn, this will provide one more avenue for ordinary people to put climate change on the agenda of the big polluters.

The case also has implications for other corporate activities. Overseas, shareholders have used powers like the ones we are arguing exist in Australia to get companies to act on issues like human rights, fracking, pollution, the rights of workers and many others.

With big companies holding more and more power, the outcome of this case may provide a crucial way for ordinary people to take back some of that power into their own hands.

We’ve taken this case on because we believe that holding corporations to account is a crucial part of tackling climate change and creating a more ethical society.
 

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