I want to break fossil free

Let us urge the largest Swiss financial institutions to divest from fossil fuels.

I want to break fossil free

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

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.

 

UBS

Since 2005 UBS has financed the coal industry with more than 12 billion Swiss francs.

 

Credit Suisse

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 info@fossil-free.ch.

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.

LaRevueDurable is a magazine with readership in western Switzerland and in France. It is committed to divestment in Switzerland, inter alia, with conferences in Geneva and Lausanne.

Our partners are Zukunft statt KohleAssociation Climat GenèveGrand-Parents pour le ClimatCoordination Climat Justice Sociale et Noé21.

Last signed by:

Benjamin, Bramois (CH) 1 week, 4 days ago

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Jessica, Herzogenbuchsee (CH) 2 weeks, 4 days ago

Anita, Zürich (CH) 2 weeks, 5 days ago

Pierre, Zürich (CH) 3 weeks, 2 days ago

Katharina, Bern (CH) 3 weeks, 5 days ago

Herbert, Paunzhausen (DE) 1 month, 1 week ago

Roman, N/A (CH) 1 month, 3 weeks ago

Sophia, Zürich (CH) 1 month, 3 weeks ago

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To: Compensation Fund AHV / IV / EO

Subject: Divestment from fossil fuels

From: me


more ... Dear Mr. Netzer, Chairman of the Board, With fixed assets worth over 30 billion Swiss francs, the compensation fund AHV / IV / EO is one of the three largest public investors and has thus a special ...

To: Swiss Federal Pension Fund PUBLICA

Subject: Divestment from fossil fuels

From: me


more ... Dear Mr. Hinder, Chairman of the Investment Committee, With fixed assets worth over 40 billion Swiss francs Publica is the largest pension fund in Switzerland. Publica is an important role model fo ...

To: SUVA

Subject: Divestment from fossil fuels

From: me


more ... Dear Mr. Dürr, Chairman of the Board, With fixed assets worth 46 billion Swiss francs, SUVA, as one of the three largest public investors, has a special social responsibility towards present and f ...

To: Swiss National Bank

Subject: Divestment from fossil fuels

From: me


more ... Dear Mr. Jordan, President, The National Bank describes climate change in its environmental policy statement and report as a very special challenge for the environment, economy and society. Its gui ...

To: Credit Suisse

Subject: Divestment from fossil fuels

From: me


more ... Dear Mr Thiam, Chief Executive Officer, Since 2005 Credit Suisse has financed the coal industry with more than 13 billion Swiss francs. Given the urgency of climate change, will Credit Suisse sign ...

To: UBS

Subject: Divestment from fossil fuels

From: me


more ... Dear Mr Ermotti, Chief Executive Officer, Since 2005 UBS has financed the coal industry with more than 12 billion Swiss francs. Given the urgency of climate change, will UBS sign the Paris Pledge a ...

To: Swiss Re

Subject: Divestment from fossil fuels

From: me


more ... Dear Mr. Raaflaub, Chief Risk Officer, Hardly anyone knows the effects of climate change as well as your company, for example: - The damage already caused to people, animals and the infrastructure ...

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