QUIT NUKES

Nuclear weapons are illegal under international law from 22 January 2021. 

By divesting now, responsible Australian super funds can manage risk, and hasten the abolition of nukes: the world’s worst weapons.

Quit Nukes

QUIT NUKES:
nuclear weapon free finance

About Us

Quit Nukes is an initiative of the Medical Association for Prevention of War (MAPW), in collaboration with the International Campaign to Abolish Nuclear Weapons (ICAN).

MAPW is the Australian affiliate of 1985 Nobel Peace Prize Laureate, International Physicians for the Prevention of Nuclear War. MAPW is the founder of ICAN - the 2017 Nobel Peace Prize Laureate.

The Quit Nukes campaign has received financial support from the Jessie Street Trust.

Our GOAL

We're asking Australian superannuation funds to divest completely, across all portfolios, from companies that produce, or support the production or deployment of, nuclear weapons.

Divestment is as simple as screening out just 28 companies.

DON'T BANK ON THE BOMB

Quit Nukes gratefully draws on the work and support of Don't Bank on the Bomb, the only regularly published source of information on the private companies involved in the production of nuclear weapons and their financiers. Quit Nukes annually applies DBOTB's methodology, definition and scope to its assessments of Australian financial institutions. dontbankonthebomb.com

OUr purpose

Divestment is an integral part of progress towards the total abolition of nuclear weapons.

Nuclear weapons are illegal under international law as of 22 January 2021.

By divesting now, super funds can ensure compliance, manage risk, and hasten the end of the world's worst weapons.

Quit Nukes
why quit nukes?

the last of the worst

Nuclear weapons  will be illegal as of January 2021, when the Treaty on the Prohibition of Nuclear Weapons enters into force.

Australian financial institutions can take action now to disinvest from these illegal and inhumane weapons. 

Download the Quit Nukes briefing paper.

Quitting is responsible

Quitting investments in nuclear weapons companies helps you manage your fiduciary, regulatory and reputational risk. 

Download the Quit Nukes briefing paper for our risk analysis and policy recommendations. 

Quitting is popular

Your members want you to quit nukes. 

A 2019 Ipsos poll found 69% of Australians don’t want their money invested in nuclear weapons companies.

Most Australians abhor nuclear weapons: 79% support the nuclear ban treaty. 

GOT NUKES?

If you have money in an Australian super fund, you are probably investing in nuclear weapons.

We estimate that Australian super funds – excluding SMSFs –  invest about $15 billion of members’ money in nuclear weapons companies.

Many super companies don’t explicitly say if they do, or don’t, invest in companies that produce, or support the production or deployment of, nuclear weapons. 

Only a handful of Australian financial institutions have policies in place to exclude nuclear weapons companies: visit our Honour Roll to check the latest list of institutions. 

Anyone can ask their super fund to quit nukes. Contact us to get started. 

NEWS

INHUMANE, INDISCRIMINATE:
ILLEGAL

The Treaty on the Prohibition of Nuclear Weapons will enter into force on 22 January 2021.

On 24 October 2020, Honduras became the 50th state to ratify the treaty, triggering the process for entry into force.

UN Secretary-General Antonio Guterres said the treaty’s entry into force on 22 January 2021, crowns a worldwide movement “to draw attention to the catastrophic humanitarian consequences of any use of nuclear weapons” and “is a tribute to the survivors of nuclear explosions and tests, many of whom advocated for this treaty”.

L-R: QUIT NUKES DIRECTOR MARGARET PERIL, AUSTRALIAN  ETHICAL ACTING CEO STEVE GIBBS, ICAN AUSTRALIA DIRECTOR GEM ROMULD.

L-R: FUTURE SUPER MD SIMON SHEIKH,  QUIT NUKES DR SUE WAREHAM,  ICAN AUSTRALIA DIRECTOR GEM ROMULD.

NEWS

CONGRATULATIONS

Quit Nukes launched on 24 October 2019 – the first day of global Disarmament Week – with commendations for Australia’s nuclear weapon free super funds: Australian Ethical and Future Super.

Accepting the commendation for Australian Ethical, Acting CEO Steve Gibbs acknowledged:

 “In addition to performance there is another outcome an increasing number of Australians are also concerned about, which is whether their superannuation is delivering the type of Australia they want to live in and leave behind… we are proud to offer nuclear weapon free investments and support this important campaign.”

Read the full media release.  

CONTACT

Please use this form to get in touch with the Quit Nukes campaign or email us at contact@quitnukes.org.  We welcome queries from funds and their members. 

We don’t share or trade your contact details with anyone. 

QUIT NUKES IS AN INITIATIVE OF THE MEDICAL ASSOCIATION FOR PREVENTION OF WAR (AUSTRALIA), IN COLLABORATION WITH THE INTERNATIONAL CAMPAIGN TO ABOLISH NUCLEAR WEAPONS (AUSTRALIA).  THE JESSIE STREET TRUST HAS PROVIDED FINANCIAL SUPPORT TO THE QUIT NUKES CAMPAIGN. 

WE ACKNOWLEDGE THE TRADITIONAL OWNERS OF THE LAND ON WHICH WE WORK. 

CONTACT US AT: PO BOX 1379, CARLTON, VICTORIA 3053.