Are super funds being honest about their green investments?

Money
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@DanielHerborn has taken a look at how super funds are managing their green investment options, including:

  • ASIC has recently fined some super funds for ‘greenwashing’, or exaggerating their green credentials
  • Many super funds have embraced ESG (environmental, social and governance) considerations in making decisions about how they invest
  • Super Consumers Australia says calls to create exemptions for the super fund performance test are bad policy

Read the full investigation:

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Paltry fines in those examples, no need to change behaviours based on those very small or maybe better put insignificant amounts.

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I am with Australian Super’s Socially Aware option. I alerted them to an international holding MTR which was closely related to some gross human rights offences in Hong Kong. The long story is [mod edit - background info: Hong Kong's rail operator MTR is under fire from protesters — could it impact Australian services? - ABC News]. Short story, Australian Super don’t give a damn to my complaint. If they say there is no problem because their ESG provider says so, that’s final. I wasn’t even allowed to raise the question at their AGM.

So no, I don’t think they are honest at all.

ps. MTR is the company that has been building and running the Sydney Metro.

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Well, this is unexpected. Or is it? They said and they said or evidence based?

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