Community Sector Climate Action

[your name]

[your email]

[date]

Debby Blakey, HESTA CEO,

hesta@hesta.com.au

PHASE OUT FOSSIL FUELS OR COMMUNITY SECTOR WORKERS WILL ROLLOVER 

 

Dear Madam,

 As Community Sector Workers we demand that Hesta publish a plan to  divest from all fossil fuel investments by 2025 or we will rollover to a committed fossil fuel free fund. It is no longer acceptable to have an “sustainable” option while the remainder of the fund drives climate change.

 

We recognise that the impacts of Climate Change will be felt hardest by women and children, the homeless and our first nations people, less developed nations and others who experience structural disadvantage.  In addition continuing to invest our money in fossil fuels is a gross intergenerational injustice. We watch in horror as fossil fuel driven climate change continues to steal more of the future from our children and their children.

 

Close to the start of what scientists declared, the “critical decade” for climate action the Government abolished a price on carbon and drove emissions upward. We are now compelled to make steep emissions cuts this decade. Hesta and First State Super’s decisions in recent years to divest only from thermal coal and only at the end of the “critical decade”,  was a grossly inadequate response to the climate emergency we face.  We choose to no longer collude with  fossil fuel ‘business as usual’ and invite you to do the same.

 

We know there are alternatives that reflect a safer climate economy. We want our money pulled out of the fossil fuel industry and invested in clean energy.   We the undersigned (and future recruits) demand;

  1. You publish  a plan to have a fossil free portfolio by 2025. If you fail to do this we will publicly rollover to a committed fossil free fund ie. Future Super, Australian Ethical etc.
  2. We demand you announce a plan to divest from all pureplay fossil fuel companies ASAP.
  3. Immediately rule out using member’s money for any new gas, oil or coal projects.

 

Yours sincerely the undersigned,

[Name; HESTA Member No.; Qualification; Role; Agency; Name of Your Union – if you are a member]