The climate science and the UN agree: CO2 emissions must be reduced immediately so that a climate catastrophe can be prevented. However, Switzerland's financial institutions continue to invest in coal mines, oil wells and natural gas pipelines.
The financial industry plays a central role in reducing CO2 emissions: banks, pension funds and insurance companies decide whether money goes into the problem or the solution.
The Federal Council writes in its response to an interpellation: ".. The financial risks of investments in the oil, gas and coal industry are taken very seriously within the financial sector ..". Could words reduce CO2 emissions, this would be a success. But for physics only the deeds count.
Do you want to know how the largest Swiss investors act in the face of climate change? Ask your questions by e-mail to UBS, Credit Suisse, Swiss National Bank, SUVA, AHV, PUBLICA and Swiss Re and urge the largest investors to take action on climate change.
Here are a few numbers about the addressees:
Swiss Re has fixed assets of around 204 billion francs. It is the second largest reinsurer in the world - it is the insurance of insurance.
Since 2005 UBS has financed the coal industry with more than 12 billion Swiss francs.
Since 2005 Credit Suisse has financed the coal industry with more than 13 billion Swiss francs.
Swiss National Bank
To secure price stability, the National Bank has very large investments. The guidelines for its investment policy require that the SNB waives investing in companies that systematically cause serious environmental damage. Nevertheless, the SNB has invested inter alia, 2.1 billion US dollars in oil sands and shale gas in the US. Apart from environmental damage and climate damage these investments are also financially at a loss. According to the calculations of the Sonntagszeitung, the corresponding investments of the SNB have lost around half a billion francs in value in the period from June 2014 until March 2015.
Suva, Swiss National Accident Insurance
With fixed assets of 46 billion francs, SUVA, as one of the three largest public investors, has a special social responsibility towards present and future generations.
Swiss Federal Pension Fund PUBLICA
With fixed assets of over 40 billion francs PUBLICA is the largest pension fund in Switzerland. PUBLICA has 1.5 billion CHF invested in the fossil energy industry.
Compensation Fund AHV / IV / EO
The Compensation Fund AHV / IV / EO has fixed assets worth over 30 billion Swiss francs. Since this year, for reasons of political sensitivity, the Compensation Fund waives any investments in agricultural products and in the livestock industry. This shows that public investors might also consider the issue of climate protection.
Interested to join the movement? We love to welcome new members. Get in touch at email@example.com.
The nonprofit organization fossil-free.ch is part of the global divestment movement since autumn 2014. On the one hand we want to inform people in Switzerland about divestment from fossil fuels and promote dialogue of savers and policyholders with their pension funds, banks and insurance companies. On the other hand we motivate, advise and assist investors in their divestments from fossil fuels.
Last signed by:
Felix, Luzern (CH) 2 days, 3 hours ago
Reto, Zürich (CH) 4 days, 3 hours ago
Albert, Grosshöchstetten (CH) 4 days, 4 hours ago
Dominik, Luzern (CH) 6 days ago
Roberto, Liestal (CH) 1 week ago
Toni, Zug (CH) 1 week ago
Peter, Kriens (CH) 1 week ago
Ann, Zürich (CH) 1 week ago
Dominique, Maracon (CH) 1 week ago
Michael, Luzern (CH) 1 week, 1 day ago
29049 mails have been sent, together we will reach 30000
Your data will not be distributed and we will keep you informed of campaign news