05-Jun-2015 • Corporate

Australian lender ME is today noting World Environment Day by electing not to invest in fossil fuels.

“Here at ME, it’s not all about us,” said ME Group Executive Industry Affairs, Tony Beck.

“Looking after the next generation is about more than leaving them a healthy bank account,” he said.

“That's why we don’t invest in fossil fuels including coal mining, coal ports, coal power, gas power or liquid natural gas plants. And we don’t plan to in the future.”

In 2011, ME developed a policy statement on climate change and committed to managing its own carbon emissions through the development of a carbon reduction strategy.