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GESB members – take action!

1 November 2019

1 November 2019

Yesterday, the WA Climate Health Inquiry heard from organisations including Doctors for the Environment Australia (DEA) about the damage climate change is already doing to public health, and the dangers a warming planet poses to us all.* This follows the Australian Medical Association’s September 2019 declaration: Climate Change is a Health Emergency.

As the super fund for WA health professionals, GESB should be leading the push for a safe, healthy climate future. But GESB, is still investing in coal, oil and gas companies that are driving the climate crisis.

Contact GESB today and tell the fund to get your retirement savings out of every company that is undermining a safe, healthy climate future.

Earlier this year, Market Forces named the 21 big Australian companies that are actively undermining efforts to avoid runaway climate change. These companies are pushing ahead with new coal, oil and gas projects despite the desperate need to phase out fossil fuels. They are out of line, and out of time.

GESB has no fossil fuel exclusions, so almost certainly invests your retirement savings in companies like Whitehaven Coal, Santos, Woodside and Origin Energy. These companies’ business plans are completely inconsistent with the Paris climate goals, putting everyone’s health at risk.

Take action – Use this form to tell GESB fossil fuels are not healthy investments!

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Super fund
Name*
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Email Address*
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Subject*
(Please write a subject line for your message to GESB)
Your message to GESB*
(Please personalise and amend this as much as possible, your name will be automatically added at the end)
Dear GESB, I am writing to lodge a formal complaint about my super being invested in companies actively undermining efforts to avoid runaway climate change (see: marketforces.org.au/outofline). As a health professional, I do not want my retirement savings funding the devastating health and environmental impacts caused by fossil fuels and their contribution to climate change. I understand at least 8% of the fund's ASX 300 investments is in companies that are pursuing fossil fuel expansion and/or basing their business on a scenario that would doom the Paris Agreement to failure. Given your limited holdings disclosure, which I would also like to complain about, I assume there is further investment in these companies hidden from members. For years companies have been asked to disclose and manage their climate change risks, yet in spite of increasing calls to action from regulators and investors, these companies have continued to base their future business prospects on scenarios that deliver catastrophic climate change. There is no justification for attempting to engage these companies any further. As the super fund for WA health professionals, GESB should be leading the push for a safe, healthy climate future. Other super funds have taken the pragmatic step of excluding investments in certain companies whose actions are incompatible with the goals of the Paris Agreement. I ask that you do the same, and announce this decision publicly. Please respond within 14 days, detailing your plans to divest all holdings in companies that are actively undermining efforts to hold global warming to 1.5°C. Sincerely,
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- Add my name to a combined letter to be presented to the GESB board
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*Read DEA’s submission here