My name is [your_name]. I am a QSuper member. I am concerned about climate change and it affects on a healthy planet, as well as on my future retirement savings that are invested with QSuper.
Trustees and trustee directors must do three things in the face of climate change:1) Inform themselves about the physical and transition impacts of climate change;2) Consider how those factors will impact the performance of the fund;3) Act with care, skill and diligence to address the risks.Australia’s peak financial regulators, APRA and ASIC, as well as the Reserve Bank of Australia, have sent a clear message that businesses need to take the foreseeable risks of climate change seriously.
I'm concerned that QSuper invests in companies that are harming health and whose business plans are incompatible with a safe climate future, and will very soon lead to a large number of stranded assets.I ask QSuper to respond to this issue and to contact all QSuper members to describe how QSuper is working to minimise the effect of climate change on the fund.
Please outline your strategy to mitigate climate risk exposure, including plans to divest from the companies whose primary business is fossil fuel extraction, transportation or combustion.
Thank you, I look forward to hearing from you.