ACC must show leadership on climate change

As the largest publicly owned investor in New Zealand, the ACC board should divest from fossil fuels, demonstrating our leadership role on climate change, Green Party MP Chlöe Swarbrick said today.

"As the largest publicly owned investor, ACC have accepted they have huge influence in the market, including a billion dollars invested in fossil fuels.

“New Zealanders would be shocked to learn that a publicly owned investor is banking on the climate crisis.

“It’s entirely within the ACC Board’s mandate to decide to end such investment on ethical grounds, as they did with tobacco in 2006.

“If not, the Government should end this investment in fossil fuels through a direction under the Crown Entities Act.

“The Green Party is focused on ensuring New Zealand retains its leadership role in driving and inspiring action to reduce emissions and protect our climate for future generations.

“We’ve seen a groundswell of public support, and with our Zero Carbon Act passing unanimously, ending what is effectively state-sponsored investments in fossil fuels should be a next step in this work.”

ENDS

Note:

The briefing on ACC’s ethical investment policy to the Education and Workforce Select Committee was triggered in June 2019 by Chlöe Swarbrick and has today reported back.

The report takes note that the ACC board can make the decision to divest, or the Government can direct them to do so. The Green Party have encouraged this in the report.​

Latest Climate Change Announcements

Story

Principles for guiding the Emissions Reduction Plan Speech

Tēnā koutou, tēnā koutou, tēnā koutou katoa.
Read More

Story

Clean car package to drive down emissions

New rebates for electric and plug-in hybrid vehicles start July 1 with up to $8,625 for new vehicles and $3,450 for used. Electric vehicle charger...
Read More

Story

Foundations laid for strong climate action

$300 million to accelerate investment in low-carbon technology $67.4 million to implement the Carbon Neutral Government Programme, including a sig...
Read More

Story

Green Party supports Budget 2021 which will help those in poverty

The Green Party supports the 2021 Budget which increases income support for New Zealanders living in poverty, and we’ll continue to push for a long...
Read More

Story

Govt to rev up reductions in transport emissions

The Government is calling for feedback on a range of potential policies to eliminate emissions in the transport sector. Transport Minister Michael ...
Read More

Story

Carbon neutral government a step closer

The Government is rolling out its plan for a carbon neutral public sector by 2025 by committing funding to a range of clean energy projects, includ...
Read More

Latest ACC Announcements

Poverty Action Plan

Support shouldn’t be conditional and our plan isn’t either. Our plan is a new, simple safety net that works for all of us. It’s our plan to improv...
Read More

Policy

Accident Compensation Policy

Click here for our 2020 Election Priorities for ACC ACC needs to be a fair system that is there for all New Zealanders to get help when they need ...
See More

Policy

Prohibition of Investment of Public Funds in Fossil Fuels Bill

This Member’s Bill sets out the Green Party’s plan to move Aotearoa New Zealand towards a safe climate future, by divesting all public funds from f...
See More

Story

Govt caught acting unethically over cluster bomb investments

Information uncovered by the Green Party showing the Government’s $31 billion ACC Investment Fund has been illegally investing New Zealanders’ mone...
Read More

Latest State Services Announcements

Now is the time to support essential workers

Join our call asking the Minister of Finance Grant Robertson and Minister for the Public Service Chris Hipkins to support the public service and re...
TAKE ACTION

Story

Green Party welcome Government coming on board with proactive release of Ministerial diaries

The Green Party warmly welcome Government Ministers proactively releasing their Ministerial diaries from February 2019.
Read More

Story

Green Party kick-start campaign to put the heart back into our social support system

The Green Party is launching a campaign in Auckland to put the heart back into our social support system, so that no one gets left behind, and are ...
Read More

Story

New review needed into Ministers’ actions in Malaysian diplomat case

The Green Party is calling for a comprehensive review into what involvement, if any, Cabinet Ministers had in the decision to allow a Malaysian dip...
Read More