Medibank confirms shift out of fossil fuel investments

14 November 2018 Health insurer Medibank reaffirmed its commitment to dumping its coal, oil and gas company shares before the end of this financial year at its annual general meeting (AGM) today. After pledging to divest from fossil fuels at its 2017 AGM due to the terrible impacts of the … Read More

Despite stated intentions, NIB remains invested in fossil fuels

31 October 2018 NIB health insurance disappointed customers and shareholders at its annual general meeting (AGM) today with its continued delay in finishing off the fossil fuel divestment work it began way back in 2016. In March 2016, NIB dumped coal, oil and gas company shares from its international share … Read More

Medibank, NIB & HCF divestment job half-done

Update 27 September 2018: Medibank has confirmed that it will have completed its shift to low-carbon investments for their Australian share portfolio by 30 June 2019. NIB and HCF are still to set a date. The following was received from Medibank’s CFO yesterday: “…we were pleased to achieve our commitment … Read More

Medibank divestment driven by health impacts of climate change

13 November 2017 Australia’s biggest health insurer today announced it will divest from fossil fuels due to the negative health impacts of climate change. This is a huge win for the thousands of shareholders, customers and other members of the community who have contacted Medibank to point out the contradiction … Read More

Media Release: Climate change spurs Medibank fossil fuel divestment

Monday 13 November, 2017: Medibank’s announcement it will divest tens of millions of dollars from fossil fuels due to the ‘health effects of climate change’ has been welcomed by environmental finance group Market Forces. The decision came today in an ASX statement in advance of the health insurer’s Melbourne AGM, … Read More

Public Health Association calls on Medibank to divest

3 November , 2017 The Public Health Association of Australia (PHAA) has made a strong statement in favour of fossil fuel divestment, calling on health insurer Medibank to divest its shares in coal, oil and gas companies. The peak Australian public health body, which represents thousands of health professionals, has … Read More

NIB commits to fossil fuel divestment

1 November 2017 One of Australia’s biggest health insurers, NIB, committed to completing their divestment from fossil fuels at their annual general meeting in Sydney today, further isolating their major competitor Medibank, whose AGM is coming up on 13 November. In March 2016, NIB shifted its international share portfolio to … Read More

Medibank losing customers due to fossil fuel investments

Medibank customers fed up with Medibank’s inaction on fossil fuel divestment have started switching to other health insurers. Medibank’s own website states, “at Medibank, we understand that the health of the environment has an impact on the health of the community.” And yet, this health insurer continues to invest customers’ … Read More

Fossil fuels = climate change = health impacts. Helping Medibank join the dots

23 May 2017 Market Forces today led a delegation of doctors, health professionals and Medibank customers, who visited Medibank’s offices to hand over materials outlining the link between fossil fuels and public health impacts. The group – including representatives of Doctors for the Environment Australia, The Australian Medical Students Association, Healthy … Read More

Media Release: HCF Becomes First Health Insurer to Dump Fossil Fuels

Melbourne, 10 February 2017 Finance campaign group Market Forces is welcoming the announcement that private health fund HCF will divest from all fossil fuels in the first quarter of this year. Representing over 680,000 Australians and responsible for $2 billion of assets, HCF holds more than $200 million in equities, … Read More