Ask First State Super to Divest

Ask First State Super to Divest

If you're a First State Super member, ask First State to divest from fossil fuels.

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Healthy Futures    Victorian Allied Health Professionals Association

Why Divest?

For Health

Our planet has warmed an average of 1 degree Celsius since pre-industrial times.

Already climate change is estimated to cause over 150,000 deaths worldwide each year through increased extreme weather events, increased transmission of infectious diseases and failing food production (2).

Burning fossil fuels for heat and electricity are the single largest sectoral contributor to greenhouse gas emissions and climate change.

Air pollution from combustion of fossil fuels causes hundreds of thousands of deaths worldwide each year.

For Our Finances

Over 2014-15, First State Super's default investment option lost an estimated $685 million on fossil fuel company shares.

That's $1,174 for every First State Super member.

First State Super's Investments

First State Super disclose their top 50 Australian holdings online here and their top 50 international holdings online here for their default investment option.

Their default investment option includes shares in fossil fuel companies such as Woodside Petroleum, Origin, Santos and South32.

First State Super have divested from tobacco and from Transfield Services (now Broadspectrum) who operate asylum seeker detention centres. There is therefore a clear precedent for divesting from industries that harm health.

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