NDM7964 Member Debate under Standing Order 11.21(iv) - Decarbonising public sector pensions
NDM7964 Member Debate under Standing Order 11.21(iv) - Decarbonising public sector pensions
NDM7964 Jack
Sargeant (Alyn and Deeside)
To propose that the Senedd:
1. Notes:
a) that the Welsh Government was the first
in the world to declare a climate emergency, recognising the serious threat
climate change poses;
b) that public sector pension schemes
continue to invest in fossil fuels and, for many years, campaigners have urged
schemes to disinvest;
c) that the Welsh pension partnership moved
quickly to withdraw investment from Russian holdings and has previously
divested from coal, thus demonstrating that it is possible for pension funds to
make these decisions;
d) that Members of the Senedd took the
initiative to divest their own pension funds from fossil fuels;
e) that if public sector pension schemes in
Wales disinvest, Wales would be the first nation in the world to achieve this,
demonstrating to fund providers the need to create fossil fuel free investment
products. 2. Calls on the Welsh Government to work with the public sector
to agree a strategy to decarbonise pensions by 2030, thus bringing them into
line with current public sector net-zero targets.
Supporters
Cefin
Campbell (Mid and West Wales)
Heledd
Fychan (South Wales Central)
Jane
Dodds (Mid and West Wales)
Luke
Fletcher (South Wales West)
Peredur
Owen Griffiths (South Wales East)
Business type: Debate
Reason considered: Senedd Business;
Status: For consideration
First published: 19/05/2022