Tag Archive | superannuation

How Superannuation supports climate-wreckers

Australia’s superannuation industry invests $3 trillion on behalf of the nation’s workers, with $2.2 trillion of that managed by super funds, rather than self-managed. Through those investments, super funds own 40% of the Australian Securities Exchange.

That means super funds invest a huge chunk of our money in companies driving us towards destructive climate change. Companies like Whitehaven Coal, New Hope, Santos and Woodside.

Tell your super fund to ditch investment in these climate-wrecking companies NOW.

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