Super funds failing to engage with fossil fuel companies on net zero
Super funds failing to engage with fossil fuel companies on net zero
Australian super funds ignore fossil fuel companies, undermining their own climate goals and risking greenwashing accusations. This lack of effective engagement creates legal vulnerabilities, exposing institutions to potential lawsuits for failing to align investments with stated environmental commitments. The findings highlight a critical disconnect between corporate promises and actual investment influence, illustrating how passive oversight facilitates deceptive environmental branding.
Source: afr.comPublished on 2023-03-15