about us
Divestment of the City of Munich
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Climate change is threatening man and nature, here in Germany - and worldwide. We must stop burning fossil fuels and destroying our environment.
In December 2019, the Munich City Council declared a climate emergency, thus acknowledging that we are in the middle of the climate crisis and we must act now.
We therefore call on the city of Munich to stop investing in fossil fuels.
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1. Any new investment in gas, oil and coal must be discarded.
2. The entire capital currently invested in gas, oil and coal companies must be divested as soon as possible, and in any case not later than in 5 years.
We are actively discussing with the Munich City Council, the City Treasurer's Office and the climate justice movement in Munich. Together, we want to make climate-friendly all the investments of the City of Munich.
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Finances City of Munich
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2017:
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Request from the Green party to divest (Nr. 14-20 / A 02983) is rejected
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Request to participate in the „Projekt Klimafreundlich investieren – Kommunales Divestment & Reinvestment in deutschen Städten“ is rejected.
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The request from the Green (14-20 / A 01654) for the divestment of the Stadtsparkasse München and subsidiary companies of the city of Munich is rejected (Decision)
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2016:
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Sustainabity found is launched: All companies with more than 30% revenue related with fossil fuels are excluded.
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2007:
City council decision on the management of the city finances- (14-20 / A 02983):
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1. The financial assets of the Stadtkämmerei (Financial Unit of Munich) to become increasingly geared towards ethical, ecological and thus sustainable criteria
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2. ESG criteria applied to a 50 M. special found (ESG= Enviormental-Social-Goverment-criteria, see more on the ESG here.
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3. The jährlichen Finanzanlagenberichte report on the investment structure and on the proportion of ethical and ecological investments