drrimmer,
@drrimmer@aus.social avatar

One of Australia’s largest superannuation funds, UniSuper, stands accused of “greenwashing” some of its investment products by mislabelling them “sustainable”. https://www.edo.org.au/2024/04/22/unisuper-faces-fresh-allegations-of-greenwashing/

UniSuper member Dr Christopher Standen has, through the Environmental Defenders Office (EDO), lodged a complaint with the Australian Securities and Investments Commission (ASIC).

Two of the funds that UniSuper markets as “sustainable” have significant investments in the Transurban Group, one of the world’s largest toll road operators.

“Transurban Group’s business model relies on increasing road traffic, which increases climate and other pollution,” Dr Standen said.

liampomfret,
@liampomfret@mastodon.social avatar

@drrimmer Figures. A good chunk of my super is in both the names options. Hopefully they’ll divest of this as they did Santos.

drrimmer,
@drrimmer@aus.social avatar

@liampomfret There is a real problem with their 'sustainable' definition given that TransUrban - a toll operator - pops up under it.

liampomfret,
@liampomfret@mastodon.social avatar

@drrimmer It does beg the question exactly how they felt it qualified for the category in the first place.

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