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Climate love

Australia’s largest super fund joins protest vote against Woodside’s climate plans

Australia’s biggest superannuation fund has joined a protest vote against Woodside Energy’s failure to do more to address the climate crisis, saying it has unanswered questions about the fossil fuel company’s plans. AustralianSuper said it had spent “a lot of time reviewing and engaging” with Woodside on its climate transition plan before the company’s annual general meeting on Wednesday, and still had “ongoing concerns” about how it would reach net zero emissions by 2050. “Based on that we’ve decided to vote against it [the company’s climate report] and we will continue our discussions with the company,” the fund’s head of Australian equities, Shaun Manuell, told a Senate inquiry into greenwashing on Monday.

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  • Kevin

    2 w

    A worthy cause this is !

    • Ann Nyambura

      3 w

      It's good to know there are investors out there who are looking out for more than just their bottom line.

      • George Kariuki

        3 w

        This is a HUGE win! Australia's largest super fund voting against Woodside's climate plans is a big step in the right direction. Hopefully this will push Woodside to take more serious action towards reaching net zero emissions by 2050.

        • Princess

          3 w

          This sends a powerful message that investors are increasingly prioritizing sustainability and holding companies accountable for their environmental impact.

          • walter lungayi

            3 w

            This is a significant move that highlights the increasing influence of environmental considerations in investment decisions and demonstrates a growing commitment to addressing climate change within the corporate sector.

            • Jane Wangui

              3 w

              This is encouraging seeing some major companies move in the right Path in ensuring companies take responsibility of their actions and helping in ensuring companies come up with measures to help reduce their emissions.

              • Saustine Lusanzu

                3 w

                Amazing to see big companies joining the climate alliance in fighting climate change!

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