AustralianSuper, HESTA and Hostplus are having trouble telling their climate claims apart from gas industry spin. So our new campaigners Dorothy and Toto delivered these funds some crucial missing parts. Nearly every super fund in Australia invests members’ retirement...
Super Funds
UniSuper exits gas pipeline company APA Group
UniSuper, Australia’s fourth largest superannuation fund, has dumped its remaining shares in APA Group. Until recently, UniSuper was APA’s largest shareholder, owning 10% of the company. The fund sold $500 million worth of APA shares in October this year, before...
17,000 strong against APA unlocking the Beetaloo gas basin
Over 17,000 community members, including Traditional Owners, scientists, and healthcare professionals have called on APA not to light the fuse on the Beetaloo carbon bomb. Will UniSuper do the same? APA Group is Australia’s largest gas pipeline operator. The company...
Will the super funds still holding Whitehaven Coal in 2024 vote for climate action or coal expansion?
As global temperatures rise and climate-fuelled disasters are impacting communities from Austria to Appalachia, it is becoming increasingly difficult to understand the rationale for remaining invested in companies aggressively expanding coal production, such as...
HESTA member submits legal request for information after fund’s ineffective efforts to push for change at Woodside
A HESTA member has today increased pressure on her super fund for failing to demand an end to Woodside’s climate-wrecking gas expansion plans. Long-term HESTA member, multidisciplinary artist and musician Tash Parker has submitted a legal request for information to...
Super funds invest $39 billion in fossil fuel growth
MEDIA RELEASE Tuesday 28 May: A new Market Forces report reveals Australia’s top 30 super funds have more than $39 billion invested in companies globally with the biggest fossil fuel expansion plans. Investments in this group of 190 companies - dubbed The Climate...
Super funds are (so far) failing to vote for greater climate action this year
Some super funds have started disclosing how they voted at Santos’ annual general meeting (AGM) last week. The bad news is that several of these funds are wallowing in greenwash and failing to increase pressure on Santos to end its climate-wrecking oil and gas growth...
Big coalition of civil society organisations put AustralianSuper on notice
Today, AustralianSuper received a strong message from a big coalition of climate, environment and other civil society organisations, urging the fund to live up to its climate commitments and push for an end to Woodside’s reckless oil and gas expansion plans. The...
New Analysis: Top super funds abandoning major fossil gas producers
MEDIA RELEASE Wednesday 13 March: New analysis by Market Forces finds Australia’s top 30 super funds have been reducing their investments in oil and gas producers Woodside and Santos over the past two years, relative to the Australian stock market. The top 30...
HESTA puts the heat on Woodside by seeking board renewal
HESTA has announced today that it is pushing for its own director nominees to be considered for election at Woodside’s upcoming annual general meeting (AGM). This is an important climate-related escalation from HESTA and a tribute to the countless members who have...