21 July 2022 In response to member concerns over their super fund’s investments in climate wrecking companies, funds often point members to their ‘sustainable’ investment options. However, new analysis from Market Forces reveals some of these options are failing to...
Super Funds
Super funds ‘sustainable’ options invest in fossil fuel expansion
MEDIA RELEASE: 21 July 2022 New analysis by Market Forces reveals several super funds are potentially misleading consumers and contravening the Australian corporate regulator’s ‘greenwashing’ advice. Eight of 11 major super fund investment options labelled...
Members divest millions from HESTA over fossil fuels
17 June 2022 Today, more than one hundred health and community services workers across Australia shifted millions of dollars away from HESTA over the fund’s investments in companies expanding fossil fuels. In the single biggest climate divestment day targeting a...
Millions divested from HESTA health super fund over investment in fossil fuels
17 June 2022 Health workers around Australia are divesting their funds from HESTA superannuation due to its investments in companies expanding fossil fuels. In the biggest single climate divestment day targeting a superannuation fund in Australia’s history, more...
Revealed: HESTA and other super funds investing in Adani coal mining subsidiary
23 May 2022 New regulations coming into effect last month require superannuation funds to disclose all of their holdings. With this data now available to the public, Market Forces checked the exposure of super funds to the two Adani Group subsidiaries directly...
How much is your super fund investing in climate-wrecking oil and gas companies Woodside and Santos?
12 April 2022 Finally, after years of delay, super funds now have to disclose all their investments. The recent release of this information reveals all of the big super funds are investing members’ money in two of Australia’s most climate-destructive companies, gas...
Seems financial institutions can divest after all
1 April 2022 The flight of capital from the Russian economy since the invasion of Ukraine has torn many of the finance sector’s arguments against fossil fuel divestment to shreds. In this devastating case of the invasion of Ukraine, investor action has come far too...
Hostplus net zero announcement meaningless without immediate action on fossil fuel investments
15 March 2022 Today, Hostplus announced its commitment to a net zero emissions investment portfolio by 2050. However, the fund has failed to announce any near term steps or interim targets towards that goal, and remains a laggard with no policies to cut investments in...
Cbus and Media Super merger: Combined fund must go further on climate action
4 March 2022 Cbus and Media Super announced merger plans last year, and have now set a completion date. However, each fund takes a different approach to climate change, and the question that remains to be answered for members of both funds is this: what will this...
Solidarity with Ukraine, and shame on the institutions investing our money in the invasion
Market Forces stands in solidarity with the people of Ukraine, who have been subjected to a brutal and illegal invasion perpetrated by the Russian military. We are also appalled that the custodians of our money, governments and financial institutions, have used...