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'An ABC analysis of financial disclosures of the sustainable or ethical-labelled super options has revealed 12 of them collectively hold almost $1.2 billion worth of fossil fuel industry shares.' https://www.abc.net.au/news/2023-12-14/sustainable-ethical-super-funds-with-fossil-fuel-investment/103196032

'They also hold hundreds of millions of dollars worth of investments in companies that make money from gambling, alcohol, uranium and defence.'

#greenwashing #super #auslaw #auspol

ExxonMobil, Woodside, Santos: Investigation finds sustainable super funds littered with $1 billion fossil fuel investment

An ABC investigation into the financial disclosures of sustainable or ethical-labelled super options finds extensive investment in shares of companies in the fossil fuel, gambling, alcohol and weapons manufacturing industries.
Pat McGrath (ABC News)
#auslaw #auspol #greenwashing #super
lucie digitální
I got an email from one of the funds in this article promoting their 'socially responsible investing' only this morning. I've just emailed them back asking them why I shouldn't close my account
Cymphoni Fantastique
sounds about right. The greatest vices also generate the greatest capital. They don't exist to make the world better, they exist to make money. Whatever harm they do is worth the extra pennies they can make.

To be clear, alcohol and gambling are okay in moderation, but everything else ranges from suspect to deadly.
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