Engineers Australia
Summary
The report by Scientists for Global Responsibility (SGR) examines the Institution of Engineers Australia's (EA) financial transparency and climate alignment. While SGR notes the EA's sustainability policies and public support for climate action, it highlights a lack of transparency regarding A$16.3 million in investments managed by Morgan Stanley, making it impossible to verify if the funds include fossil fuel companies. SGR argues that any such indirect investments would contradict the EA's public commitment to decarbonization and the goals of the Paris Agreement.
Key insights
- The Institution of Engineers Australia (EA) held A$16.3 million in financial asset investments as of June 2021, with A$16.38 million specifically disclosed as being held with Morgan Stanley (A$14.6 million for general funds and A$1.74 million for scholarships).
- SGR identifies a lack of transparency in the EA's investment practices, noting that the organization does not disclose the specific funds used at Morgan Stanley, nor is there a publicly available investment policy to confirm the exclusion of fossil fuel companies.
- While the EA does not appear to have corporate sponsorship or event sponsorship from fossil fuel companies, it is partnered with Territory Generation, a government-owned electricity company that primarily burns natural gas and diesel, though it aims for 50% renewable generation by 2030 and net zero by 2050.
- The EA has implemented several organizational sustainability measures, including purchasing renewable energy and certified offsets for its carbon footprint, using LED lighting, and installing rooftop solar panels at its Perth facility.
- SGR argues that professional engineering organizations should divest from fossil fuels to avoid 'green washing' and to support the Paris Agreement, citing that divestment increases the cost of capital for the fossil fuel industry and reduces its ability to exploit resources.
Cite the original document
- APA
- Scientists for Global Responsibility (n.d.). Engineers Australia. https://www.sgr.org.uk/sites/default/files/2022-02/Engineers_Australia_Report_0.pdf
- Chicago
- Scientists for Global Responsibility. Engineers Australia. n.d. https://www.sgr.org.uk/sites/default/files/2022-02/Engineers_Australia_Report_0.pdf.
- Wikipedia
- {{cite report |author=Scientists for Global Responsibility |title=Engineers Australia |url=https://www.sgr.org.uk/sites/default/files/2022-02/Engineers_Australia_Report_0.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{scientistsforglobalresponsibilityndengineers, author = {{Scientists for Global Responsibility}}, title = {{Engineers Australia}}, institution = {Scientists for Global Responsibility}, url = {https://www.sgr.org.uk/sites/default/files/2022-02/Engineers_Australia_Report_0.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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