Australia's biggest pension funds not doing enough on climate, activist investor says
Posted on AllSides March 14th, 2023
From The Center
SYDNEY, March 15 (Reuters) - Australia's five largest pension funds were not doing enough to push fossil fuel companies toward decarbonisation, activist investor group Market Forces said on Wednesday, arguing their environmental commitments could amount to greenwashing. The term 'greenwashing' describes exaggerated and misleading claims that suggest an entity are stewards of the environment without real action. Market Forces said in a new report AustralianSuper, Commonwealth Super Corp, Australian Retirement Trust, Aware Super and AMP, which cumulatively manage more than A$1 trillion ($668 billion) in savings, had failed to "demonstrate...