UniSuper accused of greenwashing after quietly reducing environmental element of investment option

UniSuper says change was made ‘to expand the investible universe’ but complaint to Asic claims members were not properly informed Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast A major Australian super fund has been accused of greenwashing after it continued to badge an investment option as “sustainable” despite quietly halving its environmental criteria. UniSuper, which invests $158bn on behalf of 670,000 members, promotes its Global Environmental Opportunities option as a portfolio “selected on the basis of environmental considerations”. Continue reading...

By Petra Stock