Update on Transfield and investors divesting stock.
The ASU calls for HESTA to divest from Transfield. Resolution just passed unanimously at ASU National Executive:
“The ASU National Executive calls for HESTA to divest from Transfield Services. Social and community workers do not want their retirement savings used to support a system of mandatory detention of asylum seekers and believe it is immoral for for corporations to profit from the indefinite and inhuman detention of other human beings. We also note that Transfield has no experience or background in welfare. We undertake to advocate this position to HESTA Board and to also provide our members with information on how to take individual action to ensure their money is not being invested in Transfield by exercising investment choice within the fund”
Original announcement made by Sally McManus, member of the ASU National Executive, on her Facebook page.