🏦 The Problem: Your bank and superannuation fund may be fueling fossil fuels

Banks and superannuation funds are major drivers of the climate crisis.

• Australia’s Big 4 banks invested a staggering $6.8 billion in fossil fuel projects in 2023 alone, and since 2016, they’ve pledged over $97 billion to fossil fuels.
• Additionally, Australia’s top 15 super funds had $25.1 billion invested in coal, oil, and gas expansion as of December 2022.
• Even so-called “ethical” or “sustainable” investment options often still hold millions in fossil fuel investments.

Despite pledging to fund climate solutions, these financial institutions are continuing to pour billions into fossil fuel expansion, undermining efforts to tackle climate change.

“If the financial community continues to fuel fossil fuel expansion, it not only takes us further from science-based goals, but it also hampers our transition to renewable energy.” – Global Energy Monitor

Did you know? From our Climate Conversations program, 1 in 3 participants have changed their banking or super to be more climate-aligned after attending. That's a huge win for our planet!

🌏 Take Action Now!

1. Investigate your bank 👀

Check your bank's fossil fuel investments using the Market Forces guide. If you're dissatisfied, consider switching to a more environmentally responsible alternative.

Not ready to switch? Write to your bank expressing your concerns and demand significant changes in their investment portfolio.

2. Scrutinise your super fund ⚠️

• Review Canstar's list of ethical Super funds in Australia
• Verify if your fund was implicated in the ABC's greenwashing investigation

3. Spread the word 💬

Share this information with friends and family. The more people who take action, the greater our impact will be.

Remember, your financial choices have the power to shape a sustainable future.

Let's ensure our money speaks for the planet!