Super Switch | LGIAsuper Diversified Growth

Tell LGIAsuper to divest
from fossil fuels Tell LGIAsuper to disclose
all their holdings Contact
LGIAsuper

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Are you a member?
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Dear LGIAsuper, I am disappointed and wish to complain that LGIAsuper has failed to disclose all of its holdings, leaving me in the dark as to where your holdings are invested. I am very concerned that LGIAsuper may be investing in the fossil fuel industry, which would not be consistent with my long-term interests. I am very concerned about the impacts that the fossil fuel industry has on our natural environment, in particular its role as a major driver of greenhouse gas emissions. We urgently need to reduce greenhouse gas emissions to avoid the worst impacts of climate change and I certainly do not want my money associated with an industry that is driving the biggest environmental issue of our time. At present, the disclosure of investments, by LGIAsuper is very limited. I believe that members deserve better than this, regardless of whether we are concerned about a particular issue or company. Please respond within the next fortnight to explain how and when you intend to disclose all of your investments and I know that you are taking this complaint seriously.

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Are You A Member?
- Yes
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Message
Dear LGIAsuper, I understand that LGIAsuper is exposed to the fossil fuel industry. This is very disappointing, as I am concerned about the impacts that the fossil fuel industry has on our natural environment, in particular its role as a major driver of greenhouse gas emissions. We urgently need to reduce greenhouse gas emissions to avoid the worst impacts of climate change and I certainly do not want to be invested in an industry that is driving the most serious environmental issue of our time. Beyond climate change, the extraction, transport and combustion of fossil fuels results in the destruction of precious farmland and forests and the pollution of air and water. In many cases the localised damage to ecosystems and human health is irreparable. I am writing to make an official complaint that LGIAsuper is not fulfilling its fiduciary duty, by managing my money in a way that condones environmental harm and threatens my long-term financial security. I want to know whether LGIAsuper is prepared to divest, or significantly reduce its exposure to fossil fuel companies. I will be contemplating whether or not I should remain with you over the next fortnight and your response will help inform my view. Please respond within the next fortnight to explain how and when you intend to disclose all of your investments.

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Dear LGIAsuper, I recently learned that LGIAsuper has a low exposure to the fossil fuel industry through its shares investments. Fossil fuels are of concern to me because of their impacts on our land, water, air, environment and local communities. They are also a key source of greenhouse gas emissions, which urgently need to be reduced if the world is to avoid catastrophic (or the worst effects of) dangerous climate change. I congratulate you on the steps you are taking on this issue and hope you will continue to look for ways to ensure your disclosure and investment activities follow principles of transparency and support for a low-carbon future.

How Exposed Are You?

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