Fossil Fuel Divestment

PECAN recommends that Council divests from fossil fuel companies, including staff superannuation funds, and banks that are financing fossil fuel projects:

• Updating Council’s Investment Policy to require 100% ethical investment by excluding investment in fossil-fuels, tobacco, gambling, arms, etc.
• 100% divestment from fossil fuels by 2021.
• 100% divestment from other non-ethical investments by 2022.
• Creating community awareness about divestment and related campaigns.
• Full reporting on council investments, including proportions of fossil-fuel and non-ethical companies, and threshold of fossil-fuel and non-ethical activities that defines a company as ‘ethical’.
• Advocating to the Commonwealth government to plan for a decarbonised future based on renewable energy sources both for domestic and export purposes.

Council Green Procurement

PECAN recommends that Council adopt a policy for Green Accreditation of its service providers, including:

• Update procurement process and guidelines to ensure that all tender assessments prioritise:
  • Sustainability (e.g. use of recycled materials, environmental impact, etc)
  • Local suppliers and use of locally-sourced materials
  • Divested suppliers (e.g. suppliers who have divested from and do not work with companies in fossil-fuel and non-ethical industries)
  • Sustainable suppliers (e.g. supplier’s own sustainability processes, scope 1, 2, 3 emissions)