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.​

Action

Support our Climate Action Plan for bigger bolder climate action

We agree with all five of the School Strike for Climate's demands. Read more and sign the petition.
Take Action

Action

Show your support to end housing inequality

New Zealand’s housing market is becoming increasingly divided between people who own their own homes and those forced to rent for life...
Take Action

Latest Climate Change Announcements

Story

New Zealanders asked to help shape future climate and energy policy

Switching New Zealand to full renewable energy and solving the challenge of climate change will ensure a better planet for our kids and grandkids, ...
Read More

Story

Emissions report shines a light on the road ahead

New Zealand is making progress to drive down its greenhouse gas emissions, but must go further and faster. That was the verdict of Minister for Cli...
Read More

Story

New Zealand will continue to showcase ambitious climate action

With the global climate change talks closing in the early hours of Monday morning (NZT), the Minister for Climate Change, James Shaw said New Zeala...
Read More

Story

Independent expert advisors on future emission reductions announced

Expert, trusted and independent advice will be essential to ensuring New Zealand plays its part solving the challenge of climate change. Today, the...
Read More

Story

Discounted electric-bikes offered to public sector workers

Discounted electric bikes will be offered up to public sector staff across the country as part of the Government’s work to reduce transport emissio...
Read More

Story

Green Budget win backs public sector leadership on climate change

The Greens in Government have today won a significant investment to help move the public sector estate onto clean, renewable energy, Green Party Co...
Read More

Latest ACC Announcements

Policy

Accident Compensation Policy

A publically owned ACC should ensure world class treatment, rehabilitation, and compensation for all New Zealanders, promoting quality of life and ...
See More