Divestment from Companies connected to human rights violations in Occupied Palestine
1. ACT Labor affirms that the ACT Labor government will, in addition to the divestment indicated by the 7 February motion of the Legislative Assembly, take the steps necessary to divest from companies complicit in human rights violations and breaches of international law in Palestine. This includes companies that:
a. Manufacture, supply or any way facilitate weapons or parts that can be used for weapons, including so called dual-use technology, used by the state of Israel against Palestinians.
b. Companies that operate and profit from human rights violations and other breaches of international law in Gaza and the illegally occupied West Bank.
2. This divestment will apply across all ACT Government entities, including Territory Authorities and Territory Owned Corporations including but not limited to:
a. ACT Long Service Leave Board
b. ACTIA
c. The Lifetime Care and Support Fund
d. The Public Sector Workers Compensation Fund
e. The University of Canberra
3. In order to facilitate divestment from corporations implicated in gross human rights violations and breaches of international law and to increase the transparency and culture of ethical investment across ACT Government, Government will:
a. Review the Responsible Investment Policy for the financial investment assets managed by the Chief Minister, Treasury and Economic Development Directorate to ensure that it precludes all weapons investments. The current exclusion, limited to
"controversial" weapons, is based on a flawed and inherently unreasonable assumption that investment in "non-controversial" weapons is acceptable and that such weapons will be used ethically.
b. Review the Ethical Investment policies set out in the Territory Authority Investment Plan relevant to each Territory Authority to ensure that they meet at least the same ethical investment standard as applies to CMTEDD.