Your Money. Your Future. Your Choice.

Australian Super has created a fossil free option, which still leaves 98% of their funds under management exposed to coal, oil and gas companies. Tell them that kicking climate change into a corner isn’t good enough.

Your Money. Your Future. Your Choice.
AusSuper go further

Australia’s largest superannuation fund – AustralianSuper – has announced that it is offering its members an option (“socially aware option”) that will restrict investments in companies with fossil fuel reserves. The decision means the fund has dumped between $190m and $235m worth of fossil fuel stocks.

This is welcome news, as AustralianSuper joins the ranks of dozens of funds that are getting out of fossil fuels. But this is still a far cry from serious climate action, as less than 2% of members will have their fossil fuel exposure partially reduced.

AustralianSuper manages in excess of $92 billion. This decision means 98% of their members (around $90 billion) still have their retirement nest eggs invested in dangerous climate change. Climate change is a systemic risk – it shouldn’t be left to members to opt in or out of the enormous risks it poses to all of us.

Send them an email by filling out the form above asking them to go further.