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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
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.