Why a public consultation?
Did you know that the ANU currently has no socially responsible investment policy? Thanks to pressure from groups like ANUSA, PARSA and Fossil Free ANU, University Council is now introducing a policy to consider the environment and human lives when investing ANU’s money.
But the Council has decided that it doesn’t need public input. We think they’re wrong. Because there’s a risk the policy will be too weak to rule out damaging investments, like fossil fuels.
Help us show Council that there are many in the community who do care about responsible investments. Help us convince the ANU to take a leading role in ensuring that we all have a sustainable future to look forward to!
Make your voice heard
Completing this short submission form will share your views with the Vice Chancellor, and we will collate them for a final report to Council.
Alternatively, you can email the Vice Chancellor directly yourself: click here.
Why is this important?
Here are some points we made in our own submission. You might like to draw on these, or your own!
- ANU is has a great reputation for leadership on sustainability teaching and research, which should extend to its investments.
- Fossil fuel extraction damages local health, water, ecosystems and communities.
- As the Climate Commission recently discussed, 80% of the world’s fossil fuels must stay unburnt to meet our government’s own safety target of 2 degree temperature increase.
- It cannot be socially responsible to profit from this damage.
- Divesting would secure ANU’s finances over the medium term, protecting it from the ‘carbon bubble’ from global climate action and falling renewables costs.
- Leadership through divestment would also make ANU a more attractive option for donations; fossil fuel investments will turn away donors who wont want their money put into coal mines and fracking.
- The divestment movement is booming around the world and ANU should lead, not get left behind. Among those already going fossil free are San Francisco, Seattle and many other US Cities, US Colleges including San Francisco State, and churches including the Uniting Church in NSW and ACT.
- Divestment isn’t risky: if US Colleges had divested 10 years ago, they would have made more money!
Read more in our submission we made previously to University Council.