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...
AustralianSuper
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...
Super funds invest $34 billion in fossil fuel expansion
MEDIA RELEASE Sunday 7 May, 2023: A new report by Market Forces reveals Australia’s 30 biggest super funds increased their investment exposure to Australian and international companies most responsible for expanding fossil fuels in 2022 to a total of more than AU$34...
Traditional Owners and members lodge human rights complaints against top 20 Super funds requesting they reject Santos gas projects
MEDIA RELEASE Wednesday 26 April: Traditional Owners of three First Nations across Australia along with superannuation fund members have lodged human rights complaints against the top 20 Australian super funds over hundreds of millions of dollars of members’ money...
Australia’s five biggest super funds failing on key climate promises
MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1...