As the nation’s largest super fund, what AustralianSuper says and does has significant consequences for our economy. Woodside’s walk-back on emissions and new energy targets can in part be attributed to AustralianSuper’s failure to take effective investor stewardship actions.We saw AustralianSuper flex its influence in 2023 when the fund bought up tens of millions of shares in Origin Energy in an attempt to block its takeover by investment firm Brookfield. As a result, Origin remains listed on the ASX with a substantially less ambitious climate strategy.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
AustralianSuper is a bad environmental steward of Woodside’s climate risk
The nation’s largest super fund has become the industry’s biggest climate laggard, failing to seize opportunities to bring Australia’s biggest polluters into line.
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