Super fund pledge on climate risk
Posted on: Tue 24 Nov 2020
At the beginning of this month, the $57 billion REST super fund pledged to overhaul the way it manages climate risk, following a lawsuit by a 25-year-old member, Mark McVeigh.
The concession raises the bar for the way Australian superannuation funds respond to climate change. The significant aspect of this case is the fact that REST agreed to settle the case before the trial had begun.
To discuss this development Barometer’s Des Lawrence spoke to Dr Anita Foerster, a senior lecturer at Monash University, where she researches and teaches in environmental and climate change law.
Produced by Des Lawrence
Image: shutterstock – petrmalinak