{"id":62984,"date":"2024-05-28T01:00:00","date_gmt":"2024-05-27T15:00:00","guid":{"rendered":"https:\/\/www.marketforces.org.au\/?page_id=62984"},"modified":"2024-10-30T11:08:55","modified_gmt":"2024-10-30T00:08:55","slug":"climatewreckersindex","status":"publish","type":"page","link":"https:\/\/www.marketforces.org.au\/campaigns\/super\/climatewreckersindex\/","title":{"rendered":"Climate Wreckers Index"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.23″ _module_preset=”default” custom_padding=”0px||12px||false|false” global_module=”69001″ saved_tabs=”all” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row module_class=”mf-breadcrumbs” _builder_version=”4.23″ _module_preset=”default” max_width=”1440px” custom_padding=”0px||0px||false|false” custom_css_main_element=”margin: auto;” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_code _builder_version=”4.27.0″ _module_preset=”default” custom_css_main_element=”margin: auto;” global_colors_info=”{}” theme_builder_area=”post_content”]Home<\/a><\/span><\/span>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”Section – Header” _builder_version=”4.25.1″ _module_preset=”default” background_image=”https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2024\/05\/Climate-Wreckers-page-banner.png” width_tablet=”90%” width_phone=”90%” width_last_edited=”on|phone” max_width=”1440px” module_alignment=”center” min_height=”400px” custom_margin=”||||false|false” custom_padding=”0px|0px|0px|0px|false|false” custom_padding_tablet=”0px|0px|0px|0px|false|false” custom_padding_phone=”||||false|false” custom_css_main_element=”display: flex;|| align-items: flex-end;|| justify-content: center;” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.20.0″ _module_preset=”default” background_color=”#FFFFFF” width=”100%” max_width=”885px” module_alignment=”center” custom_padding=”29px|49px|0px|49px|false|true” custom_css_main_element=”align-self: flex-end;|| margin: unset;” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.20.0″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” text_font=”|600||on|||||” text_text_color=”#f06400″ text_line_height=”1.42em” custom_margin=”||8px||false|false” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n

REPORT<\/p>\n

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The Climate Wreckers Index<\/h1>\n

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The superannuation industry\u2019s $150 billion fossil fuel fixation<\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Section – Actions” module_id=”section-take-action” _builder_version=”4.20.0″ _module_preset=”default” custom_padding=”60px||30px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” module_id=”take-action” _builder_version=”4.25.1″ _module_preset=”default” width_tablet=”” width_phone=”90%” width_last_edited=”on|phone” max_width_tablet=”” max_width_phone=”100%” max_width_last_edited=”on|phone” custom_padding=”0px||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_2″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

The vast majority of climate damage is being done by a relatively small number of companies around the world. We call this group of companies the Climate Wreckers Index<\/strong>.<\/p>\n

Out of the tens of thousands of companies our superannuation funds could invest in, Market Forces has identified a global list of 190 companies doing most of the climate wrecking through their coal, oil and gas expansion plans.<\/p>\n

Our analysis of the default or largest investment options of 30 of Australia\u2019s largest super funds reveals these options have collectively more than doubled<\/strong> their investments in Climate Wreckers Index companies over two years, with more than $39 billion<\/strong> invested in the companies most responsible for exacerbating climate change.<\/p>\n

The average investment option has nearly 9%<\/strong> of its members\u2019 share investments in these companies. If this average were consistent across the $3.7 trillion superannuation industry, over $150 billion<\/strong> of Australians\u2019 retirement savings \u2013 an average of more than $6,200 per member account \u2013 would be invested in this small but devastatingly dangerous group of companies driving us towards catastrophic climate change!<\/p>\n

Our superannuation industry is making a $150 billion bet on climate destruction, on behalf of millions of members. We need member pressure to take that dirty bet off the table.<\/strong><\/p>\n

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Take Action<\/h2>\n

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Demand your super fund ditch climate wrecking companies.<\/p>\n

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