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.
nuclear weapon free finance
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.
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.
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.
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.”
Please use this form to get in touch with the Quit Nukes campaign or email us at email@example.com. We welcome queries from funds and their members.
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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.