Wednesday, January 14th, 2015 - Religious Society of Friends (Quakers) in Australia

More than 200 Australian Quakers, gathered for their Yearly Meeting in Melbourne last week, expressed support for Global Divestment Day on 14 February, and encouraged individual members and meetings to move away from investments that damage the Earth.

The national body of Quakers in Australia intends to move its corporate funds away from the ‘big four’ banks.

Quakers, who initiated the Australasian Centre for Corporate Responsibility, also supported the Move Your Money initiative, which calls for people to move their bank accounts to banks with clear ethical policies.

 ‘We have for many years avoided investments in alcohol, tobacco, military weapons, uranium and other mining and similar concerns,’ said Presiding Clerk Julian Robertson. ‘This was, of course, consistent with our principles of peace and social justice.

‘We also have a problem with the investment policies of the larger banks in Australia, where our money is being used for financing some of these companies. We are particularly worried about carbon-intensive industries and some others which do not have the ethical standards that we would like.

‘To be true to our principles, we have to look at all aspects of our lives,’ said Julian Robertson. ‘Where we invest our money, even in our normal day to day banking, is part of that process.’

A group of individual Quakers at the Yearly Meeting took part in a short demonstration to show that they, too, have moved their accounts, or are planning to on the Global Divestment Day.

Australian Quakers also reaffirmed that one of their basic principles is Earthcare, honouring the Earth and all living things and endeavouring to live in harmony with them.

Contact Profile

Religious Society of Friends (Quakers) in Australia

The Religious Society of Friends (Quakers) arose in northern England in the 17th century at a time of intense spiritual ferment, and has spread worldwide. Today some 2000 Australians identify as Quakers. Quakers strive to live according to testimonies which include Peace, Simplicity, Integrity, Community and Equality. The Society is a member of the National Council of Churches of Australia.
Julian Robertson
P: 0428 572 736

Religious Society of Friends (Quakers) in Australia

Susan Addison
P: 07 3201 2685
M: 0434 037755


Quakers divestment ethical banking




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