IS YOUR SUPER FUNDING ADANI?

Tell your super fund you don’t want your retirement savings invested in Adani, or any other company undermining global efforts to limit warming to 1.5°C.

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A search of Australian Super’s investments has shockingly revealed the fund holds $9 million worth of shares in Adani Ports and Special Economic Zone Ltd – one of the Adani group of companies.

This is the same Adani Group that has been fighting tooth and nail to get the disastrous Carmichael coal mine built in central Qld – in the midst of a climate emergency.

We only know this because Australian Super is one of the few funds that discloses where it puts its members’ money. Your super fund could be doing the same thing.

Take action!

Super - Is your super invested in Adani?

Superfund*
Your name*
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Email Address*
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Subject (you can edit this)
Subject (you can edit this)
Your message to your super fund (you can personalise and amend this, your name will be automatically added at the end)*
I was devastated to learn my super is invested in one of the Adani group of companies. I ask that you divest this holding, and exclude any investment in the Adani group while it continues to pursue the Carmichael coal project. I understand Adani intends to use funds from within the group to finance the Carmichael project, and I would hate to think my retirement savings were going to help pay for this dirty coal mine to be built. The disastrous Carmichael coal project threatens water supplies, will trash the land rights of traditional owners and fuel deadly global warming. The vast majority of Australians are against it and the community campaign to stop it is probably the biggest ever. AustralianSuper should have nothing to do with it. Adani is just one of many companies within my portfolio that are acting completely out of line with the climate goals of the Paris Agreement. I expect AustralianSuper to divest from all companies that are actively undermining global efforts to limit warming to 1.5°C. This includes any other companies working with Adani on the Carmichael project. Please reply within 14 days, explaining what action AustralianSuper will take in response to my requests to divest from Adani and other companies that are working against the transition to a low carbon economy. Sincerely
Your message to your super fund (you can personalise and amend this, your name will be automatically added at the end)*
I am deeply concerned my super could be indirectly used to pay for Adani’s dirty Carmichael coal project. Is my super invested in any of the Adani group of companies? If so, I ask that you divest this holding, and exclude any investment in the Adani group while it continues to pursue the Carmichael coal project. I understand Adani intends to use funds from within the group to finance the Carmichael project, and I would hate to think my retirement savings were going to help pay for this dirty coal mine to be built. The disastrous Carmichael coal project threatens water supplies, will trash the land rights of traditional owners and fuel deadly global warming. The vast majority of Australians are against it and the community campaign to stop it is probably the biggest ever. My retirement savings should have nothing to do with it. Adani is just one example of a company that’s acting completely out of line with the climate goals of the Paris Agreement. I expect you to divest from all companies that are actively undermining global efforts to limit warming to 1.5°C. This includes any other companies working with Adani on the Carmichael project. Please reply within 14 days, confirming whether or not my super is invested in any Adani group companies, and explaining what action you will take in response to my request to divest from all companies that are working against the transition to a low carbon economy. Sincerely
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We know community pressure works to get big investments pulled out of dodgy companies. When we launched this campaign, one of Australia’s biggest super funds, Commonwealth Super Corp, told members their retirement savings were invested in Adani Ports. But within a few weeks, the fund confirmed it had divested its $10 million stake in the company.

After a successful community campaign convinced 36 of the world’s biggest banks to refuse Adani’s requests for loans, Adani announced late last year that it would “self-fund” its coal mine and rail project.

This means it is entirely possible that Adani will use the capital from its investors to finance the construction of a coal mine that will threaten water supplies, trash the land rights of traditional owners and fuel deadly global warming.

You could be one of those investors!

Our superannuation funds should be helping create a world worth retiring in. A world that is rapidly transitioning away from fossil fuels, cutting emissions as rapidly as the science requires and bringing the climate emergency under control. Any investment in Adani takes us in completely the wrong direction.

Use the form to tell your super fund to dump any investment in Adani or any other company driving deadly global warming.