We want our superannuation funds to support healthy and secure lives in our retirement. But, what if the money in our super funds was contributing to the exact opposite?
What if our super funds were considering investing our money in polluting and unsustainable projects like WestConnex? What if our retirement money was helping fund the very things we're trying to stop from destroying our neighbourhoods?
Large multinational companies like Transurban are lining up to bid for the chance to own a controlling stake in WestConnex and more dirty tollroads throughout Sydney. But, they will only be able to do this if our superannuation funds provide them with the financial backing using OUR money!
We have the chance to disrupt the financing of WestConnex—and stop the construction on the 8-lane tunnel before it even begins—by urging our super funds withdraw financial support for WestConnex.
Let’s make everyone’s future greener and cleaner by not allowing our retirement money to fund dirty tollroads.
Contact your super fund and tell them #DontSuperFundWestConnex
ATTN: Kevin O’Sullivan CEO, Ian Martin AM (Chairman), Nicolette Rubinsztein, Mark Armour, Professor Lelia Green, Keith Tull, Grahame McCulloch, Neville Kitchin, Professor Peter Dawkins AO, Professor Jane den Hollander AO, Dr Susan Gould, Stephen Somogyi
I, the undersigned member of UniSuper, appreciate that UniSuper seeks to be a responsible investor and to consider environmental, social and governance (ESG) risks as part of your investment approach.
I want my superannuation funds to support clean and sustainable infrastructure, not projects like WestConnex which will pollute the environment, disrupt our communities and put my health and that of children at risk.
WestConnex is a multi-billion dollar project which has significant identified risks in relation to the business case benefit cost analysis, the public’s opposition to tolls, the demand for public transport, and construction and operational risks due to technical difficulties, climate change and health and safety.
I note that UniSuper has its largest holding of Australian shares in Transurban which is lining up to purchase over 51% of WestConnex and the Sydney Motorway Corporation.
I note that as trustees, you have a statutory requirement to act in the best interest of the members of the fund and I will consider lodging a formal complaint if you take actions that contravene these interests.
If UniSuper provides funds to support the purchase of WestConnex and the Sydney Motorway Corporation, I will consider transferring my contributions and will encourage my family and colleagues to do the same.