At Whitehaven Coal’s annual general meeting (AGM) today, almost 10% of shareholder votes were cast in favour of a Market Forces-coordinated proposal calling on the company to demonstrate how spending on new and expanded coal mines is a better use of capital than...
AustralianSuper
Time for AustralianSuper to walk the talk on climate
By Will van de Pol, Chief Executive Officer, Market Forces AustralianSuper is not shy about its role and responsibility in managing the escalating investment risks climate change poses to the retirement nest eggs of its three and half million members. Let’s make no...
Woodside’s climate walk-back reflects AustralianSuper’s ineffective stewardship efforts
By Brett Morgan, Investor Engagement Manager, Market Forces As the nation’s largest super fund, what AustralianSuper says and does has significant consequences for our economy. Woodside’s walk-back on emissions and new energy targets in the past 24 hours can in part...
Woodside AGM 2026: HESTA steps up, Aware Super backslides
Woodside Energy, Australia’s biggest oil and gas company and renowned climate wrecker, held its annual general meeting (AGM) on 23 April. As usual, the company couldn’t escape scrutiny for its dangerous oil and gas expansion plans, from a significant rally outside the...
Top Australian super funds invest $33 billion in fossil fuel expansion
New Market Forces analysis finds that Australia’s top 30 superannuation funds have more than $33 billion invested in companies expanding fossil fuels globally, in their default or largest investment options, based on latest disclosures. The research shows that these...
AustralianSuper re-invests in Whitehaven, claims thermal coal is “important” in energy transition
AustralianSuper is the largest super fund in Australia, managing $367 billion in retirement savings on behalf of more than 3.5 million members. Unfortunately AustralianSuper is now the second-largest shareholder in Whitehaven Coal, which has the biggest coal expansion...
Dorothy and Toto deliver brain, heart and backbone to super funds failing on climate
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...
Top super funds greenwashing by backing gas expansion
Monday 2 December: New Market Forces analysis reveals most top Australian super funds are greenwashing and failing to use their influence to drive greater climate action at major gas companies. The analysis of the top 30 super funds’ voting disclosures finds that only...
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: Australia’s biggest super fund backs top fossil gas producer
MEDIA RELEASE Tuesday 12 September, 2023: New analysis by Market Forces reveals Australia’s biggest super fund, AustralianSuper, is one of the top five shareholders in the country’s largest oil and gas company, Woodside, increasing to 85 million shares in 2022. The...