QUIT NUKES

Nuclear weapons are now illegal under international law. The Treaty on the Prohibition of Nuclear Weapons entered into force on the 22nd of January, 2021.

By divesting, 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 was seeded with 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, illegal nuclear weapons.

Divestment is as simple as screening out just 26 companies, listed on our "Producers" page.

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 since the 22nd of 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 are illegal as of January 2021, when the Treaty on the Prohibition of Nuclear Weapons enters into force.

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

Download the Quit Nukes briefing paper.

Quitting is responsible

Quitting investments in illegal 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 illegal 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, or sign up to join the campaign. 

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.