Meetings
NDM7964 Member Debate under Standing Order 11.21(iv) - Decarbonising public sector pensions
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Meeting: 25/05/2022 - Plenary (Item 5)
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)
Minutes:
The item started at 15.18
Voting
on the motion under this item was deferred until Voting Time.
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)
Rhys ab Owen (South Wales Central)
The
result was as follows:
|
For |
Abstain |
Against |
Total |
|
35 |
12 |
1 |
48 |
The motion was agreed.