Move your funds

This might not seem like the most obvious climate change action, but it sure can have a big impact if many Australians start investing into ethical funds.

Why

Australia’s superannuation industry invests $2.7 trillion of our hard-earned retirement money into coal mines, coal seam gas and other big contributors towards climate change.

Did you know that the majority of our big banks fund fossil fuels? Since 2016, the big banks have loaned $35.5 billion to fossil fuels.

How

• We recommend you start by checking out the Market Forces website, it’s a great resource to help you to see which banks and superfunds are ethical, and which are supporting fossil fuels: www.marketforces.org.au

•  Ask your bank to stop funding fossil fuels by using the website form: www.marketforces.org.au/info/compare-bank-table

• Move your bank account to a bank that invests ethically 

• Ask your super fund to stop investing in fossil fuels, you can do that online on: www.marketforces.org.au/superfunds/

• Move your super to an ethical super fund

DISCLAIMER:

The information provided above does not constitute financial advice. The information is presented in order to inform people motivated by environmental concerns and take actions based on those concerns. 

The information and actions provided by above do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.

It is recommended all readers obtain their own independent professional advice before making any decision relating to their particular requirements or circumstances. Switching banks or super funds may have unintended financial consequences.

Sources

https://www.marketforces.org.au/campaigns/banks-new/bigfourscorecard/