Super funds pressured by anti-green washing push

Posted by Anton Murray Consulting on 16 Mar, 2023

Investment Magazine

While many super funds have been keen to push their “green” credentials, with some offering products with specific sustainability claims, there is a new concern to rethink what is being publicly claimed due to increased scrutiny from regulators and pressure from environmental activist groups. Superannuation funds are checking their websites and PDS statements, as well as revising some claims around sustainability as they respond to regulatory crackdown and activist pressure on “greenwashing”. Active Super confirmed a Bloomberg News report last week that said the super fund had removed its 70-page online Responsible Investment Report showing how its investments were assessed for the “environmental, social and governance risk they pose to the world”.

Bloomberg also reported $115 billion UniSuper took down a 16-page section a climate risk report after discovering what it called “anomalies.” The deleted pages provided estimated calculations of the impact of emissions across the various strategies that its 620,000 members invest in. The news wire said it had been alerted to the alterations on the two funds’ websites by investor activist group Market Forces.

The rest of this article can be found at investmentmagazine.com.au.

Latest market insights

Funds’ views on superannuation performance test enhancement diverge

› Read more

The war on ESG: An evolving quagmire of arms investments

› Read more

BlackRock and Blackstone outline next ‘enormous’ opportunity in AI

› Read more

Pinnacle to launch second UK affiliate

› Read more

Super fund returns could hit double digits for FY24

› Read more

X feed

The successful candidate for this role will provide consulting services to hiring managers and advise on hiring strategies: https://ow.ly/5k4l50RGE8G

We are seeking articulate and confident candidates who are eager to work in an HR/recruitment related position. With Anton Murray Consulting you can be rewarded based on hard-work and your capacity to generate revenue for our business: https://ow.ly/Cue250RCYE6

A leading global financial services firm is seeking a contractor initially for 12 months to join their operations department focused on Global Payments & Treasury Services Operations: https://ow.ly/1rLq50RCXVR

Funds’ views on superannuation performance test enhancement diverge: https://ow.ly/QtfK50RCY0K

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy