1 December 2021 Executives and board members of super fund HESTA failed to address members’ concerns about the fund’s investments in companies expanding oil and gas production at its annual member meeting yesterday evening. A group of members calling themselves the ‘HESTA 10’—who have been engaging with HESTA over the … Read More
Super funds undermining climate commitments
29 November 2021 Our super funds have had a number of critical opportunities to force companies they invest in to step up on climate action over the past couple of months. Yet our new analysis finds they’ve been squandering these opportunities by voting against climate action. With more crucial climate … Read More
Super fund ‘engagement’ fails to stop Woodside and BHP pressing go on Scarborough carbon bomb
23 November 2021 Late yesterday, oil and gas giant Woodside announced it had made a final investment decision to go ahead with its climate-wrecking Scarborough gas project, which includes a huge new offshore gas field (Scarborough) and a new onshore gas processing plant (Pluto 2). BHP, which currently owns 26.5% … Read More
New legal opinion confirms super funds must manage climate risks
22 April 2021 Released today, a new legal opinion commissioned by Market Forces has confirmed super funds are legally required to understand and manage the material financial risks posed by climate change. The new legal advice from barristers Noel Hutley SC and James Mack builds on a previous opinion they … Read More
Market Forces launches UniSuper DIVEST campaign
13 January 2020 Market Forces has joined with academics, scientists, researchers and university employees across Australia to launch a major new campaign to pressure super fund, UniSuper, to divest billions of dollars of members’ retirement savings from fossil fuel companies driving the climate crisis. To mark the start of the … Read More
Which super fund did you leave?
If you’re a member of a super fund that doesn’t invest in fossil fuels, you’ve already taken action to align your money with your values. But there’s one more thing you can do to have maximum impact. We’re collecting information about how many members have switched out of their super … Read More
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